Indonesia EV financing grows 34.67% amid rising adoption

Electric vehicle (EV) and hybrid financing in Indonesia has seen significant growth, reaching Rp 26.20 trillion in August 2026. According to the Financial Services Authority (OJK), this represents a 34.67% year-on-year increase, even as total motor vehicle financing contracted by 0.68% to Rp 403.02 trillion.

In the manufacturing sector, Polytron is expanding its electric motorcycle presence by participating in the Pekan Raya Jatim (PRJ) Surabaya 2026. The company reported a surge in sales in Jakarta and is targeting Surabaya as its next major hub. Polytron has also expanded into the B2B market, providing over 500 electric motorcycles to PLN UID Jawa Timur in the first half of 2026.

Coordinating Minister for Economic Affairs, Airlangga Hartarto, noted that EV and hybrid sales jumped approximately 80% in the first semester of 2026 compared to the previous year, serving as an indicator of solid national economic activity.