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BYD Atto 2 Indonesia: Price, Specs & Launch Rumors

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

BYD ​Atto 2 Price Rumors Surface as Indonesia Launch Looms

Jakarta,‌ Indonesia – Speculation is mounting over teh potential price of the BYD Atto 2 as the electric vehicle is anticipated​ to enter the Indonesian market. Recent ⁤reports suggest a selling price around Rp. 200⁣ million (approximately $12,800 USD),though official ⁣confirmation remains elusive. This potential price ​point would position the Atto 2 as a competitively‍ priced option within Indonesia’s growing EV sector.

Initial⁣ listings referencing codes “SC3E-ETD-1 (4X2) AT” at Rp. 281 million and “SC3E-STD-1 (4×2)⁣ AT” at ⁢Rp. 245 million have fueled the price ⁢discussion. Though, industry analysts caution these figures​ may not directly translate to the final Atto 2 price tag, citing discrepancies with the BYD Atto 1 Dynamic, which launched below its NJKB‌ (Motor Vehicle Tax Base) value. The Atto 1 Dynamic’s NJKB was Rp 218 million, while its official price was Rp.⁣ 195 million.

BYD Motor Indonesia has acknowledged considering new models for the Indonesian ⁢market ⁤but remains⁤ tight-lipped about specifics. “Yes,‌ it is part of our ‍current product ‍planning strategy, I cannot disclose (open) for that.The positive‍ means we will bring even more new products to Indonesia,” stated Head of ‌Public and Government Relations,Luther T. Panjaitan.

The potential for domestic production of​ the Atto 2 is also being ​discussed, linked to BYD’s investment commitment to begin local vehicle assembly in Indonesia by 2025.

The BYD Atto 2 boasts dimensions of 4,310 mm⁤ in length,⁣ 2,060 mm in‍ width, and 1,675 mm in height,⁤ with a ground clearance of 165 mm and a​ 2,620​ mm wheelbase. It ⁢features a 45.12 kWh ⁢battery offering a range of up to‍ 312‍ km (combined⁣ route)⁣ or 463⁤ km ​(urban route)⁢ based on WLTP standards.

Equipped with a CCS2 charging port,the Atto 2 supports both AC (up to 11 kW,5.5 hours for a full charge) and DC fast charging (10-80% in 37 minutes). A permanent​ magnet synchronous motor delivers 130 kW of power and 290 Nm of torque,enabling a 0-100 km/h acceleration in 7.9 seconds and a top speed of 160 km/h.

(dry/din)

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Business

Angle: US EV market risks collapse after tax deductions end, companies rush to deal with it | Reuters

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

U.S. ‍Electric Vehicle Sales Face ‍Potential Cliff as Tax Credit Expires

DETROIT – The U.S. electric ⁣vehicle​ (EV) market is bracing for a potential downturn⁤ as the $7,500 consumer‍ tax credit-a key driver of EV adoption-is set too expire⁤ at the end of 2023, prompting automakers to accelerate deals and consumers to finalize‍ purchases before the incentive vanishes. Industry analysts warn the abrupt end of the​ credit could ‍significantly dampen demand,notably for vehicles priced ‌above $55,000,and possibly stall the nation’s transition to electric⁣ mobility.

The expiring tax credit throws uncertainty‌ into a rapidly evolving market already navigating supply chain challenges, fluctuating battery material ​costs, and increasing competition. The incentive has ‍been instrumental in lowering the upfront cost‌ of EVs, ‍making them⁤ more accessible to a ‍wider range of buyers.Its removal could disproportionately impact ‍lower and middle-income ​consumers,slowing progress toward President Biden’s goal of 50% EV sales by 2030 and potentially jeopardizing ‌billions of‍ dollars in investments automakers have committed to EV ​production.

Several ⁣automakers are responding by ⁤offering their own ⁢incentives to offset ⁢the loss of the federal credit. Ford, for​ example, is extending discounts on select EV models, while GM is⁣ reportedly considering similar measures. “We’re ​trying to mitigate the impact as much as possible,” ⁤said a Ford spokesperson,who requested anonymity. “We want to ensure‌ EVs remain⁢ an attractive option for our customers.”

The tax credit’s structure, tied to battery component sourcing and final assembly location in North America, has ​already created complexities. ⁤ Currently, only about half of the EV models available in the U.S. qualify‌ for the full $7,500 credit. The Inflation Reduction Act’s‍ provisions are intended to bolster domestic EV supply chains, but‍ have ⁣also‌ limited consumer choice in the short term.

Industry experts are divided on the extent ‍of the potential ⁤impact. Some predict a critically important drop in sales, particularly in the frist quarter of 2024, ⁢while others believe ‍automakers’⁤ own incentives and declining battery costs will cushion the blow. “the expiration of ‌the tax credit is a⁢ headwind, there’s no doubt whatsoever,” said Sam Abuelsamid, principal ​analyst at ⁢Guidehouse Insights. “But ⁣the underlying​ demand ​for EVs is still strong, and automakers are prepared to respond.”

The ​situation is ⁣further complicated by the ongoing United Auto Workers (UAW) strike, which has already disrupted production at several key automotive plants.⁣ A prolonged strike could exacerbate supply constraints ⁢and ⁢further dampen EV sales.

Looking ahead,the ​future of the EV tax credit remains uncertain. Congress could choose to extend or modify​ the program, but any action would require‌ bipartisan ‍support. For‍ now,both automakers ​and consumers are operating in a state of ⁤flux,racing against ‌the​ clock as the year-end⁤ deadline approaches.

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Business

PLN Electricity Tariffs Rise: Details for October 2025

by Priya Shah – Business Editor
written by Priya Shah – Business Editor

PLN Announces Updated Electricity‌ Tariffs ⁣Effective October 1,2025

Jakarta,Indonesia – State-owned electricity company PLN has announced revised electricity tariffs taking effect October 1,2025. The ‍updated rates impact a wide range of customers, from households to large industrial operations,⁤ adn ‍reflect adjustments ​across various power consumption ⁤tiers. These changes are crucial for consumers and businesses to budget effectively ​and‌ understand their energy ⁢costs⁤ moving forward.

The tariff adjustments are categorized by customer group‌ and power ​capacity (measured in Volt-Amperes‌ or Kilo-Volt-Amperes). These revisions aim to align pricing wiht operational costs and‍ ensure the sustainability of Indonesia’s electricity infrastructure. Customers should review their respective group and power usage to determine the applicable rate.

Household Electricity ‌Rates: Customers in the R-1/TR category with 900 VA power will see a​ rate of Rp1,352 per kWh. those with ⁢1,300 VA ‌and 2,200 VA capacities will be charged Rp1,444.70 ⁣per kWh. For smaller households, the R-1/TR 450 VA group will ⁤pay Rp415 per kWh, while the 900 VA group will ⁣be billed Rp605 ‌per kWh.

business and Industrial Tariffs: Businesses categorized as B-2/TR, utilizing 6,600 VA to 200 KVA, will face a rate of Rp1,444.70 per kWh. Larger ⁢businesses⁢ and industries (B-3/TM, TT) consuming over 200‌ KVA will be⁢ charged Rp1,114.74 per kWh. industrial customers in the I-3/TM ⁣group,also consuming above 200 KVA,will pay the same rate of Rp1,114.74 per ‍kWh, while ⁤those in the I-4/TT group exceeding 30,000 KVA will be billed Rp996.74 per kWh.

Government, public Lighting, and Social Services: ⁣Government ‍facilities and public street lighting‌ fall under groups P-1/TR (6,600 VA-200 kVA at Rp1,699.53 per kWh), P-2/TM (above 200 KVA at‍ Rp1,522.88 per kWh), and P-3/TR (public street lighting at Rp1,699.53 per kWh). Public ‌lighting and various voltage applications (L/TR, ⁤TM, TT) will be charged Rp1,644.52 per kWh. Social ⁣service groups (S-1/TR) have tiered rates: 450 VA at Rp325 per kWh, 900 VA at Rp455 per kWh, 1,300 VA at Rp708 per kWh, 2,200 VA at Rp760 per kWh, 3,500 VA-200​ kva at Rp900 per kWh, and over 200 KVA (S-2/TM) at Rp925 per kWh.

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Entertainment

Title: Kansas Sports Betting: Tax Rates, Loopholes, and Legislative Concerns

by Julia Evans – Entertainment Editor
written by Julia Evans – Entertainment Editor

Kansas Sportsbook Tax System Faces Scrutiny, ⁤Potential Overhaul⁣ looms

TOPEKA, KS – Kansas’s ‌sports‌ betting revenue model is under increasing pressure from state lawmakers concerned about underperforming tax collections, fueled by operator deductions‍ of promotional credits. While designed to ‌attract bettors, these deductions are substantially impacting⁢ state revenue, notably given ⁣Kansas’s already low tax‌ rate. A potential overhaul of the system is now being actively considered, with a critical juncture approaching in 2027.

the core of the⁤ issue ⁤lies ‍in ⁢the practice​ of sports betting operators deducting promotional credits – like frequently advertised “free $100 bets” – from their taxable revenue.Lawmakers believe closing this loophole could​ recover ‌millions in tax revenue without ⁢increasing the current tax ‌rate.

Concerns ‍are escalating within the Kansas legislature. Congressman Tom ‍Kessler voiced his worry that Kansas isn’t receiving its fair share of revenue, stating a desire to find a ​”better⁤ way” to⁣ increase profits ⁢without damaging the ⁣industry. Congressman Francis​ Awerkamp was more blunt,labeling the current system a “complete⁤ failure” and questioning the ⁢viability of maintaining multiple ⁢operators,even suggesting a potential shift to a single-operator monopoly model. He ⁣highlighted⁢ Kansas’s low ranking in⁤ sports betting revenue generation.

Advocates for reform point to the potential for increased funding for essential state services.Raising the tax​ rate to 15% or 20% could generate funds for schools, healthcare, and infrastructure. Though, even without a tax rate increase, eliminating the deduction of promotional credits could bring revenue closer to the 10% originally projected by the state.

The situation is further complex by neighboring Missouri‘s recent legalization of ⁤sports betting at a 10% tax rate. Last year, 37% of geolocation checks for Kansas sportsbooks originated in Missouri, indicating a meaningful influx of ⁣out-of-state betting.With Missouri⁢ now offering legal sports betting, Kansas ⁤risks losing this valuable import revenue.⁣ Critics caution ‌that ‌higher‌ tax rates could inadvertently‍ drive bettors towards illegal operators,⁤ making regulation more difficult.

The debate extends to the structure of the market itself. Some lawmakers propose reducing competition by adopting a single-operator model, similar ‍to that of Duck creek. Others maintain that despite lower tax revenues, the current multi-operator‍ system provides a more engaging​ and user-friendly ‌betting experience.

Looking Ahead:‌ 2027 Reset

Currently, all six licensed operators – BETMGM, CAESARS, DRAFTKINGS, ESPN BET, FANATICS, and‍ FANDUEL – operate under five-year license agreements ⁤with the Kansas Lottery, set to expire on August 31, 2027.

A bill passed‍ by the Kansas Lottery office in April 2025 prohibits contract⁣ renewal negotiations before July 2026, effectively setting the stage for a complete reset ⁢of the sports‌ betting market. Lawmakers are already preparing for this pivotal moment,‌ analyzing the​ current system and considering potential reforms. The next two years will⁤ be crucial in determining whether​ Kansas will⁤ maintain its current approach or embark on a significant overhaul of its‍ sports betting regulations.

The article⁢ also promotes the Sigma Central Europe⁣ conference, to be held​ in Rome from November 3-6, 2025.

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World

Russia to Raise VAT: Economic Crisis Forces Tax Hike

by Lucas Fernandez – World Editor
written by Lucas Fernandez – World Editor

Putin Signals Tax Increases as Russian Economy Struggles

MOSCOW – Russian President Vladimir Putin‌ has signaled a shift in economic ‍policy, indicating ​potential tax increases despite a previous pledge not to raise them within the‍ next five years. The ​move comes as Russia‘s economy ‍grapples with the⁢ impact of Western sanctions imposed following the⁢ invasion of Ukraine in February 2022, compounded​ by Ukrainian attacks on key oil refineries.

Putin had previously directed the government to seek new revenue through increased productivity rather than taxation,but has recently reversed ⁤course. While details remain⁣ scarce, potential increases include ⁤dividend taxes and the introduction ⁢of a luxury ​tax. This signals a⁢ growing concern over Russia’s economic performance, ⁣which, while still showing growth, is weakening ​and recently entered a technical recession with GDP declines ⁣in the last two quarters.​

The value added tax currently accounts for approximately 37 percent of ⁣all Russian budget income. An increase in this tax could potentially halve the projected budget deficit for 2026. Despite the economic headwinds, Russia is currently experiencing economic growth of around one⁤ percent​ this year.

putin has attempted to frame the slowing growth as intentional, ⁤telling legislators it represents “a slowdown in ​growth in​ exchange for reducing inflation and maintaining macroeconomic stability.”⁤ However, this strategy is unconventional, as central banks typically utilize interest rates to control inflation. Notably, the⁣ Russian central bank lowered its basic interest rate by one percentage point ⁢to 17 percent‌ in September, citing slowing economic growth as a contributing⁢ factor.

Inflation remains a concern,⁣ with consumer prices rising at approximately eight percent annually.‍ The economic pressures are occurring alongside ongoing military expenditures related to‍ the war in Ukraine, further ​straining the russian budget.

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