BCA Finance Records Twofold Increase in EV Financing
PT Bank Central Asia Tbk (BBCA) or BCA has recorded an increase in electric vehicle (EV) financing of up to twofold on a year-to-date (ytd) basis in 2026.
President Director of BCA Finance Petrus Karim said during a press conference at BCA Expo 2026 in Jakarta that EV financing in the same period last year stood at 7 percent.
“At BCA, last year it was 7 percent. This year it has reached 15 percent,” said Petrus on Wednesday, 19 August 2026.
Petrus noted that the growth acceleration is in line with the performance of EV financing in the multifinance industry, which is moving higher compared with conventional vehicles, as conveyed by the Financial Services Authority (OJK).
The proliferation of brands and choices of electric vehicles available in the market has also supported the growth of EV financing. “EV growth is greater than ICE (internal combustion engine) growth. Because there are many EV players, many brands,” he said.
Previously, OJK Executive Head of Supervision of Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Services Institutions Agusman reported that EV financing by multifinance companies reached Rp24.60 trillion as of June 2026.
This value grew by 34.70 percent year-on-year (yoy) and is expected to continue growing positively until the end of 2026. Meanwhile, financing disbursement for new and used cars by multifinance companies contracted by 3.25 percent (yoy) to Rp230.47 trillion.
OJK expects the performance of the vehicle financing segment, including electric vehicles, to improve going forward. The improvement is supported by increased vehicle demand, including through automotive exhibitions such as the Gaikindo Indonesia International Auto Show (GIIAS), which has the potential to boost vehicle sales and financing demand.
EV incentives are also expected to increase demand for electric vehicles, thereby having a positive impact on EV financing disbursement.
OJK encourages multifinance companies to adjust their business strategies and strengthen the implementation of risk management and prudential principles in EV financing disbursement.