Indonesia's Movement to Become the Main Player in The Electric Vehicle (EV) Market in Southeast Asia

Abstract

This article discusses Indonesia's position in the electric vehicle market with a focus on investment from multinational companies such as Hyundai. Globalization plays an important role in the development of the electric vehicle industry, with the aim of reducing pollution and exhaust emissions. Multinational companies are often involved in the production of environmentally friendly vehicles as part of efforts towards a green economy. Through descriptive qualitative research methods, this research describes the relationship between state policies and the behavior of investment actors in the phenomenon of global capitalism in globalization and its impact on the electric vehicle market in Indonesia. With investment from multinational companies, Indonesia is expected to become the leading electric car battery producer in ASEAN. The steps and strategies for cooperation between Indonesia and Hyundai in developing the electric car battery industry are also discussed in this article.