KONTAN.CO.ID - JAKARTA. PT CIMB Niaga Auto Finance (CNAF) is targeting a 7% growth in financing for environmentally friendly vehicles, including electric and hybrid vehicles, by 2026, despite the government's discontinuation of import incentives for completely built-up (CBU) electric vehicles starting this year.

President Director of PT CIMB Niaga Auto Finance, Ristiawan Suherman, stated that electric vehicles have now become part of people's lifestyles, which increasingly prioritize efficiency and sustainability. With this growing awareness, the electric vehicle market in Indonesia is considered to be taking shape and still has quite positive prospects.

"With the government's discontinuation of CBU incentives, we see this as providing opportunities for the local assembly industry," Ristiawan told Kontan on Monday (January 13, 2026).

However, Ristiawan acknowledged that in terms of price, electric vehicles have the potential to become slightly more expensive. However, public enthusiasm for electric vehicles is considered to remain quite high, thus maintaining a positive financing trend.

In terms of performance, by December 2025, total new financing disbursement for environmentally friendly vehicles, including electric and hybrid vehicles, at CNAF reached IDR 1.38 trillion. This represents a significant 87% increase compared to the same period the previous year, which amounted to IDR 739 billion.

Entering 2026, CNAF remains optimistic about maintaining growth in environmentally friendly vehicle financing despite the expiration of incentives for CBU electric vehicles.