Cheap Financing Alone Isn't Selling Indonesians on Electric Motorcycles

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Subsidized financing for electric motorcycles is spreading in Indonesia, with Polytron's Fox 350 offering a Rp6.5 million subsidy toward the down payment that brings installments as low as Rp498,000 a month over 35 months once the down payment reaches Rp7.5 million. But automotive analyst Yannes Martinus says weak resale value remains the biggest obstacle, driven by an immature used-bike market and the absence of a trusted battery-health certification standard.