Financing for electric and hybrid vehicles through Indonesia’s non-bank multi-finance companies reached 26.20 trillion rupiah by the end of August 2026, up 34.67% from a year earlier. The figures from the Financial Services Authority (OJK) were reported by financial outlet Kontan. Agusman, an OJK executive overseeing finance companies, venture capital, microfinance and other financial services, said the segment continued to grow and had become an expansion area for the industry.
The portfolio has risen steadily in recent months: financing stood at 23.39 trillion rupiah in April, 23.94 trillion in May, 24.60 trillion in June and 25.49 trillion in July. Annual growth rates varied, from 32.05% in April to 37.84% in July, before reaching 34.67% in August.
Agusman cautioned that further expansion would depend on market development and the readiness of supporting infrastructure. While electric-vehicle financing grew, total financing for motor vehicles contracted 0.68% year on year to 403.02 trillion rupiah.
Receivables across the multi-finance industry totalled 514.08 trillion rupiah, an annual increase of 1.68%. Gross non-performing financing was 3.04%, compared with 3.03% in the previous month. The figures point to rapid growth in a specialised segment even as the broader vehicle-financing market softened, with infrastructure and market readiness remaining important constraints.