Lack of Interest in the Electric Motorbike Subsidy

Despite government subsidies for electric motorbikes since March, they have not managed to boost financing for multi-finance companies. Conventional motorbikes continue to dominate the financing market in the two-wheeled vehicle segment.

Pernita Hestin Untari & Rika Anggraeni

2 Nov 2023 - 19.31
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Lack of Interest in the Electric Motorbike Subsidy

Bisnis, JAKARTA — Despite government subsidies for electric motorbikes since March, they have not managed to boost financing for multi-finance companies. Conventional motorbikes continue to dominate the financing market in the two-wheeled vehicle segment.

Due to the low uptake of financing for electric motorbikes, PT Wahana Ottomitra Multiartha Tbk. (WOMF) or WOM Finance has revised down its financing target for this segment.

Finance Director of WOM Finance Cincin Lisa Hadi mentioned that this year's electric motorbike financing target was reduced from the initial IDR 2 billion to IDR 1.6 billion. This adjustment is due to the fact that actual financing for electric motorbikes reached only IDR 1 billion by September.

"It's still very small because there's not enough interest,” Cincin stated Tuesday (31/10).

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Aprilian Hermawan
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Lack of Interest in the Electric Motorbike Subsidy

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