Automotive - Electric car sales soar 95% in 1Q26

Automotive - Electric car sales soar 95% in 1Q26 The Indonesian Automotive Industry Association (Gaikindo) recorded an increase in battery electric vehicle (BEV) sales in the 1Q26, reaching 33,150 units. This figure represents a 95.9% increase compared to the same period last year, which was 16,926 units. In the 1Q25, BEV sales accounted for approximately 8.2% of the total 205,539 units. Now, in 1Q26, its contribution has surged to around 15.9% of the total 209,021 units. Meanwhile, hybrid vehicles (HEV) also recorded significant sales growth. HEV sales increased by 21.3% to 16,940 units from 13,964 units previously. The contribution of HEVs to total automotive sales in Indonesia rose from around 6.8% in 1Q25 to 8.1% in 1Q26. Meanwhile, ICE 4W wholesale sales throughout Mar ‘26 recorded a significant decline, with only 61,271 units sold, unlike the previous two months since the beginning of the year which still saw an increase. This figure represents a 13.8% decrease compared to the same period last year (yoy), which was still 71,099 units. In terms of retail sales, total sales also dropped by 13.2% to 66,627 units from the previous 76,765 units. (Source : Bloomberg Technoz)