BCA Finance's EV financing growth doubles to 15 percent in 2026

Jakarta (ANTARA) - 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, from 7 percent previously to 15 percent.

“At BCA, last year it was 7 percent. This year it has reached 15 percent,” said President Director of BCA Finance Petrus Karim during a press conference for BCA Expo 2026 in Jakarta on Wednesday.

Petrus said the growth acceleration is in line with the performance of EV financing in the multifinance industry, which is moving higher compared to 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 EV has many players, many brands,” he said.

Previously, Executive Head of Supervision of Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Services Institutions at OJK 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, the disbursement of financing 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.

This 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.

Electric vehicle incentives are also expected to increase EV demand, 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.