Indonesia has big ambitions to become a major player in the electric vehicle (EV) industry. However, the journey towards this goal is faced with a number of significant challenges. Powering the Future reveals that nickel dependency, ESG concerns, the dominance of RKEF smelters, and a weak midstream sector are key barriers to building a comprehensive EV battery supply chain. In addition, limited domestic demand and lack of diversification of battery technologies are also hindering the industry’s growth. The report concludes that to compete in the global market, Indonesia needs to diversify its battery technology and strengthen its midstream sector. By addressing these challenges, Indonesia can attract investors and accelerate the transition to electric vehicles.