How BCA Finance Doubled Its EV Loan Share as Consumer Demand Surges in Southeast Asia

JAKARTA, Investortrust.id — Electric vehicle lending at PT Bank Central Asia Tbk (BBCA), Southeast Asia’s largest private lender by market value, is surging as aggressive automaker entries and shifting driver tastes reshape regional auto financing.

BCA’s automotive financing arm, PT BCA Finance, saw electric vehicles climb to between 15% and 20% of its total vehicle portfolio, more than doubling its footprint from just 7% a year ago.

The rapid credit expansion highlights how quickly Southeast Asia's top automotive market is embracing vehicle electrification, creating massive runway for lenders and global carmakers alike. As pure battery electric models, plug-in hybrids, and conventional hybrids enter lower price tiers, consumer demand is accelerating well ahead of legacy internal combustion engine sales.

Shifting Gears on Conventional Autos

Speaking at the BCA Expo 2026 press conference in Jakarta on Wednesday, BCA Finance President Director Petrus Karim pointed to expanding product line-ups as the main catalyst behind the steep adoption curve.

“In BCA’s vehicle portfolio, our EV share has now approached roughly 15% to 20%,” Karim said during the media briefing. “The previous year we had only just started with EVs and were trailing behind other markets at around 7%, so this growth easily outpaces internal combustion engines.”

Karim noted that consumer appetite is broadening rapidly beyond standard battery-electric vehicles into transitional technologies, including hybrid electric vehicles (HEVs) and plug-in hybrid electric vehicles (PHEVs).

“For both cars and motorcycles, we are in the middle of a structural shift as lifestyle preferences change from traditional combustion engines to hybrids, pure EVs, or PHEVs,” Karim added.

Industry-Wide Credit Surge

The retail momentum mirrors broader institutional figures tracking the country's non-bank lending institutions. Data from the Financial Services Authority (OJK), the nation’s chief financial watchdog, showed multifinance EV disbursements jumped 34.7% year-on-year to Rp 24.6 trillion ($1.55 billion) in the first half of 2026.

Regulators anticipate the upward trajectory will maintain its pace through the remainder of the year as more assembly capacity comes online.

Agusman, the executive head of supervision for financing companies, venture capital, microfinance institutions, and other financial services at the OJK, confirmed in a recent written statement that the regulatory body expects EV financing growth to remain positive across the entire industry through the end of 2026.