JAKARTA - The government's termination of electric vehicle incentives has sparked concerns among electric car manufacturers. This is because the policy has the potential to make the price of electric vehicles soar due to the imposition of a 10 percent Value Added Tax (VAT).
Responding to this situation, Jaecoo Indonesia presents a special program entitled Price Lock Insurance. This program is designed to protect consumers from the possibility of increasing the price of the Jaecoo J5 EV if the official electric vehicle incentives are stopped.
"Through Price Lock Insurance, we want to give consumers a sense of security by ensuring that vehicle prices remain maintained even if there is an increase in prices," said Business Unit Director Jaecoo Indonesia Jim Ma, in the Pantai Indah Kapuk area, last weekend.
Through this scheme, consumers who have paid the deposit by December 31, 2025 can still get the Jaecoo J5 EV with a price tag of Rp. 299.9 million, even though the EV incentive will no longer apply. The condition is that consumers need to follow the Price Lock Insurance program with a cost of Rp. 8 million.
However, Jaecoo provides an exception for buyers who have paid the price of the vehicle from the beginning. This category of consumers still get a price of Rp. 299.9 million without having to follow the insurance program for that price.
"However, specifically for consumers who have paid the deposit and paid the vehicle price, the price of the J5 EV unit will remain at Rp. 299.9 million without having to follow the Price Lock Insurance program," he added.
On the other hand, Jaecoo J5 EV has recorded high enthusiasm from the Indonesian market. Since its launch, the number of orders has reached 12,000 units by the end of December 2025.
Unfortunately, the high demand has not been fully offset by production capacity. Until now, Jaecoo has only been able to distribute around 3,000 units to consumers, which means it only covers orders until early November 2025.
Jim Ma ensured that his party was making various efforts to increase production volume. The target is that customers who have placed orders throughout 2025 can receive their vehicle units before Lebaran 2026.
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