Indonesia's Electric Vehicle Financing Hits Rp17.64 Trillion by October 2025

Multifinance Industry Continues to Support EV Adoption

The Indonesian multifinance industry has achieved significant growth in electric vehicle (EV) financing, reaching Rp17.64 trillion by October 2025 ¹

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Source 2

https://newssetup.kontan.co.id/news/kredit-mobil-listrik-terus-naik-cek-harga-mobil-listrik-des-2025-byd-aion-vinfast

. This figure represents a 2.70% month-on-month increase, demonstrating the sector's continued support for the country's transition to cleaner transportation ¹

Source 1

https://keuangan.kontan.co.id/news/pembiayaan-mobil-listrik-multifinance-capai-rp-1764-triliun-per-oktober-2025

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Key Drivers of Growth

OJK Executive Head Agusman identified increasing consumer demand for environmentally friendly vehicles as the primary factor behind this growth. The trend is further supported by government policies promoting environmental sustainability and the expanding range of EV models available in the market ¹

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Market Context and Future Outlook

While EV financing shows positive growth, overall vehicle financing experienced a 3.64% contraction to Rp230.36 trillion by October 2025 compared to the same period last year ³

. This contraction aligns with the overall slowdown in Indonesia's automotive market, as reported by GAIKINDO ³

Source 3

https://keuangan.kontan.co.id/news/pembiayaan-kendaraan-baru-multifinance-terkontraksi-364-per-oktober-2025

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Positive Prospects for 2026

Despite current market conditions, Agusman remains optimistic about EV financing prospects for 2026. The positive outlook is based on continuing vehicle electrification trends, supportive environmental policies, and the growing availability of EV models ¹

. These factors are expected to maintain momentum in the EV sector despite the overall automotive market slowdown.