KONTAN.CO.ID - JAKARTA. PT Wahana Ottomitra Multiartha Tbk. (WOMF) or WOM Finance noted that the portion of electric motorcycle financing distribution until November 2024 reached IDR 577 million.

This figure has increased compared to the same period last year. However, the company did not mention the amount of the increase.

WOM Finance Finance Director, Cincin Lisa Hadi said that until November 2024, electric motorcycle financing distribution was still below 2% of WOM Finance's total financing distribution of IDR 4 trillion.

Even so, Cincin sees that overall, electric motorcycle financing distribution at WOM Finance in the future will still be positive. This is driven by the increasingly rapid development of the electric vehicle market, supportive government policies, and increasing consumer demand.

"For this reason, the company continues to adapt to this trend and offers attractive financing products," Cincin told Kontan, Tuesday (3/12).

He did not deny that in distributing electric motorcycle financing, he still faces a number of challenges. However, according to him, with the right approach such as flexible product offerings, cooperation with the government and manufacturers, and effective education campaigns, multifinance companies including WOM Finance can overcome these obstacles and encourage the growth of electric motorcycle financing in the future.

Meanwhile, Cicin said, to boost the distribution of electric motorcycle financing at WOM Finance, the company continues to take a multi-faceted approach that includes flexible financing offers, consumer education, collaboration with manufacturers and the government, and strengthening supporting infrastructure.

"By creating an ecosystem that supports the adoption of electric motorcycles, both in terms of finance and operations, we can play an important role in accelerating the transition to these environmentally friendly vehicles, as well as creating greater market opportunities in the future," said Cincin.

Furthermore, Cicin projects that the distribution of electric motorcycle financing in 2025 will grow positively. This is driven by a number of sentiments including supportive government policies, decreasing prices of electric motorcycles, increasing charging infrastructure, and increasingly flexible financing products.

"However, for the target of distributing electric motorcycle financing at WOM Finance next year, we are still waiting for the company's business plan to be issued," he said.