JAKARTA, Feb. 21 (Xinhua) -- PT Bank Central Asia (BCA) in Indonesia projects electric vehicle financing to grow by 5 to 10 percent this year, driven by increasing public interest in more affordable and environmentally friendly transportation.
"Interest in electric vehicles, both cars and motorcycles, is on the rise, though there are still several considerations, such as the availability of charging stations," said BCA Finance Director Petrus Karim on Thursday.
Ahead of the Eid homecoming season from mid-March to early April, vehicle financing is primarily focused on family cars, which are favored for long-distance travel and carrying heavy loads.
While financing for electric motorcycles remains limited, it is expected to increase as battery technology improves, offering longer travel ranges and smaller battery sizes.
Petrus emphasized that national economic growth will play a key role in influencing consumers' decisions to apply for vehicle loans, particularly for electric vehicles.
