Indonesian ride-hailing company Gojek plans to make every car and motorcycle on its platform an electric vehicle by 2030 through partnerships with manufacturers and favourable leasing arrangements, co-Chief Executive Kevin Aluwi told Reuters.

Gojek announced the pledge within its first annual sustainability report, which analysts regard as a move aimed at bringing the company closer to a public listing.

But according to the Reuters report, analysts expect the cost of going electric in Indonesia will be high because the country only has around 100 EV charging stations at present.

“Our target is to work with various different players within the industry and government to reduce the cost of EVs to about 30% lower than internal combustion engine vehicles,” Aluwi said.

The Jakarta-based firm is instigating pilot programmes involving energy companies, financial services, scooter makers and car makers to support development of Indonesia’s EV industry, including how to build infrastructure such as battery swap and charging stations, he said.

Founded in 2011, Gojek says it has over 2 million drivers across Indonesia, Vietnam, Thailand and Singapore, and is backed by big-name investors including Google and Tencent Holdings.