Rise of Company Cars and Electrified Vehicles: An In-Depth Look at Belgium’s Car Market

2023-07-11 13:58:00

Febiac has good reason to rejoice: during the first half of the year, 264,475 vehicles were registered in Belgium, the highest figure since 2019. However, specifies the federation, it remains 11% below the average. of the market since 2014. This good apparent health is to be credited to company cars: registrations as professional vehicles reached 66.6%, which means that the private buyer now only accounts for a third of the market.

Electrified Professionals

It is also this disparity that explains the good health of electric cars and plug-in hybrids. Professionals and companies taking advantage of tax incentives for this type of engine, they represent more than 90% of their registrations.

In detail, electric cars have gained more than 6% market share to now represent 16.5% of registrations, while plug-in hybrids now peak at 19.3%. But beware of the backlash for the latter who saw their advantages planed on January 1st.

Individuals: gasoline and… LPG

Individuals, on the other hand, remain mostly loyal to gasoline (68.2%), but the classic hybrid (without plug therefore) is progressing, to 13.2%. Note also the astonishing increase in sales of LPG cars: 2.2% market share to individuals, and 0.8% of the total, i.e. four times more than in 2020! A figure that we probably owe to Dacia, whose sales are in good shape and which offers LPG engines on each of its models.

Diesel and CO2 at historic lows

With the supply shrinking, and the bans being put in place, diesel continues its gradual disappearance: it has only convinced 7% of individuals and 11.7% of professionals, to fall to a market share of 10.1%, still 6% less than last year.

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Finally, the average theoretical CO2 emissions of new vehicles on the market stood at 90 g/km WLTP in the first half of the year, i.e. 15 g less than in 2022, and 40 less than in 2020.

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