动员印尼电动两轮车融资

ByMonkgogiBuzwani, Kelly Carlin, Iliad Lubis, and Samhita ShiledarAugust 14, 2026 Authors and Acknowledgements Authors Monkgogi BuzwaniKelly CarlinIliad LubisSamhita Shiledar Authors listed alphabetically. All authors from RMI unless otherwise noted. Contacts Samhita Shiledar, sshiledar@rmi.orgMonkgogi Buzwani, monkgogi.buzwani@rmi.org SuggestedCitation Monkgogi Buzwani, Iliad Lubis, Kelly Carlin,andSamhita Shiledar,Mobilizing Electric Two-WheelerFinance in Indonesia, RMI, 2026,https://rmi.org/XXX. RMI values collaboration and aims to accelerate the energy transition through sharingknowledge and insights. We therefore allow interested parties to reference, share, and cite ourwork through the Creative Commons CC BY-SA 4.0 license. https://creativecommons.org/licenses/by-sa/4.0/. All images used are from iStock.com unless otherwise noted. Acknowledgments The authors are grateful for the input provided by Jennifer Wang of New Energy Nexus,Jonathan Heybrock of the Green Finance Institute, and Etsa Amanda of Yayasan Visi IndonesiaRaya Emisi Nol Bersih (ViriyaENB).The authors would like to thank our RMI colleague MarieMcNamara, whohas helped to lead EV finance work in India, andprovided substantial inputintotheadaptionof lessons learned therefor the Indonesian market. The authors would also like to thank the Drive Electric Campaign for their generoussupport that made this report possible. About RMI Rocky Mountain Institute (RMI) is an independent, nonpartisan nonprofit founded in 1982 thattransforms global energy systems through market-driven solutions to secure a prosperous,resilient, clean energy future for all. In collaboration with businesses,policymakers, funders,communities, and other partners, RMI drives investment to scale clean energy solutions, reduceenergy waste, and boost access to affordable clean energy in ways that enhance security,strengthen the economy, and improve people’s livelihoods. RMI is active in over50 countries. Table of Contents EXECUTIVE SUMMARY.............................................................................................................2INTRODUCTION.......................................................................................................................4 The current state of Indonesia’s EV market.........................................................................................................4Total cost of ownership........................................................................................................................................7 EV lender stakeholder landscape.........................................................................................................................9EV financing by vehicle segment........................................................................................................................10Consumer financing costs..................................................................................................................................11Market risks.......................................................................................................................................................12 INTERVENTIONS TO MANAGE RISK AND MOBILIZE FINANCE FOR E2WS................................17 Capital and credit enhancements......................................................................................................................18Business models.................................................................................................................................................24Asset value protection mechanisms..................................................................................................................30Market practices................................................................................................................................................37 COLLABORATIVE ROLES IN ADVANCING FINANCING.............................................................43 Appendix A: Vehicle, financing, and cost assumptions......................................................................................48Appendix B: Energy prices..................................................................................................................................49 ENDNOTES............................................................................................................................50 Executive Summary Indonesia's electric two-wheeler (E2W) market has made significant progress in recent years,supported by government initiatives, growing model availability, and investments across theelectric vehicle (EV) value chain. However, as purchase subsidies are phased out, financing willbecome an increasingly important driver of market growth needed to meet Indonesia’selectrification targets of 13 million E2Ws and 2 million electric four-wheelers by 2030. Withmost vehicle purchases financed through credit, scaling E2W ad