Adira Finance Wait And See In Expanding Electric Vehicle Financing

Illustration. (Photo: Doc. Antara)

JAKARTA - PT Adira Dinamika Multi Finance Tbk (Adira Finance) is waiting and see in expanding electric vehicle (EV) financing, along with the plan to implement a number of new regulations.

The company is still waiting for the clarity of government regulations regarding incentives for electric vehicles, both for two-wheelers and four-wheelers.

In a media meeting, in Jakarta, Sunday, October 26, Adira Finance's Head of Sharia Yusron explained that the two-wheeled electric vehicle sector is currently still unstable in terms of market and regulation.

According to him, the lifting of subsidies for electric motors makes industry players still adjust their marketing strategy.

"The regulation has begun to be revoked. Well, the perpetrators (industry) are also not as small as to market this, so we just wait and see. We follow the movement," he said, quoted by Antara.

However, Yusron revealed that the financing of electric cars actually shows a positive trend.

Growth is mainly seen in the Jabodetabek area, with more complete infrastructure and dealer networks than other regions.

"About (growing) 30 percent for electric cars, especially the Jabo area (Jakarta Bogor), because it is not evenly distributed, sir. The fastest is in the Jabo area, the Jabo area is very visible (growth)," he also said.

However, Adira Finance continues to monitor the latest government policy developments regarding the provision of subsidies and incentives for electric vehicles, especially for fully imported electric cars (Completely Built-Up/CBU).

"The four-wheeler is starting to improve, but we want another regulation related to four-wheelers that those who don't have a factory, the subsidies will be revoked. Well, we'll just follow this dynamic," he said again.

Previously, the Ministry of Industry (Kemenperin) stated that it would not extend incentives for fully imported battery-based electric cars (Battery Electric Vehicle/BEV) starting in 2026.

The government only provides incentives until the end of December 2025, in the form of exemption from import duties and relief from PPnBM and VAT.

However, incentive beneficiary companies are required to make domestic production with a ratio of 1:1 to the number of imported CBU vehicles.