KONTAN.CO.ID - JAKARTA. Electric -based vehicles are currently one of the priorities that the government wants to develop. In fact, at a financial services industry meeting last week, the OJK revealed that it would encourage financing to the electric vehicle sector from upstream to downstream. Meanwhile, multifinance is one of the industries that is ready to respond to this impulse. However, the number of players and the value of financing in the electric vehicle sector is still relatively minimal. For example, Clipan Finance, which recorded financing in this sector, is only around Rp 40 billion. In fact, the company's total financing in 2021 will reach Rp 3.6 trillion. Currently, Clipan Finance has just financed electric car products from Hyundai and some hybrid car products such as Camry and Nissan Leaf only. Although still small, the President Director of Clipan Finance Harjanto Tjitohardjojo set a high target for this sector, which is to be able to double, which means worth Rp 80 billion. Given that, a small portion today is a sign that the chances of growth are still great. "The electric vehicle sector will gradually continue to increase in line with the charging infrastructure and regulations from the government," he said. Harjanto also highlighted that there are several vehicle brands that will also release electric vehicle products this year. According to him, this can increase public interest given the options available. In addition to Clipan Finance, there is also CIMB Niaga Finance (CNAF) which also set a high target of growing up to 50% this year. Meanwhile, the realization of electric car financing in CNAF in 2021 is worth Rp 30 billion, growing from the previous year which was worth Rp 14.5 billion. Seeing the seriousness of the government to encourage a change in the mode of public transportation from emission -friendly vehicles to environmentally friendly vehicles, CNAF is optimistic that by 2022, environmentally friendly vehicles will begin to attract public interest. "CNAF offers cheaper interest rates for environmentally friendly car loans than emissions vehicles. 50 Bps is cheaper than an emission vehicle loan offer starting from 0% interest for a 1 -year financing period, "said CNAF President Director, Ristiawan Suherman. In the electric motor sector, there is also Adira Finance which has done financing in that sector. In 2021, the company recorded electric motor financing reaching around Rp 2 billion and up from the previous year which was worth Rp 250 million. Despite experiencing significant growth, Adira Finance Portfolio Director Harry Latif sees sales of electric vehicles in Indonesia are still not too large when compared to fuel vehicles. "The lack of charging posts for electric vehicles in Indonesia, so it requires better adaptation and product knowledge," said Harry. Meanwhile, Mandala Finance, which has not currently provided financing for electric vehicles, is also looking at this sector. With the opportunities available, Mandala Finance is exploring opportunities with several brands of electric motors for its readiness. However, the credit distribution plan will not be realized this year. Not without reason, the market share and area that is currently the focus of the company is still not included as the main market share of electric motors.