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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Belgium is currently putting all of its efforts into encouraging the adoption of electric vehicles. Despite the market pressures caused by the COVID-19 outbreak, electric vehicle sales in Belgium continue to climb.
Various schemes, ranging from tax incentives to the prohibition of polluting automobiles, have been implemented by regional governments to facilitate this increase in sales. There has also been significant investment in the country's EV infrastructure.
The Belgium Electric Car Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
The advent of a model that will revolutionize the dynamic impression of electrically driven vehicles has been verified by CUPRA. The CUPRA Bornn's performance and dynamics were prioritized during development, with a 2.9-second acceleration time from 0 to 50 kilometers per hour.
The DCC Sport (Dynamic Chassis Control Sport), which was designed particularly for the CUPRA Born on the MEB platform, combines the car's sporty driving height with a system that adapts automatically to any conditions, providing a greater degree of driving dynamics.
The C40 Recharge, Volvo's second BEV, debuts in Belgium. The XC40 Recharge, Volvo's BEV version of its award-winning compact CUV, is also produced at Volvo's Ghent facility, which is one of the company's largest.
The company intends to build BEVs at the Belgian plant. The C40 Recharge is the automaker's second battery-electric vehicle, with more to follow in the coming years.
The C40 Recharge's engine consists of two electric motors, one on the front axle and the other on the rear axle, each powered by a 78-kWh battery that can be charged from 10% to 80% in around 40 minutes, according to the manufacturer. It is expected to have a range of roughly 261 miles.
Chinese e-car maker Airways and Cardone, the company's exclusive sales and service partner in Belgium, have collaborated to jointly exhibit Airways' U5 model at Cardone's showroom in Warlick, close to Antwerp, in response to the country's growing demand for long-range electric vehicles.
The Shanghai-based startup introduced the U5, a small sport utility vehicle (SUV) powered entirely by batteries, to the European market. The most recent agreement with Airways gives Cardone, the biggest online auto retailer in Belgium, more confidence.
In Belgium, the amount of tax deductions for gasoline and diesel vehicles used for commercial reasons will be gradually reduced. The deductibility rates will be reduced to 0%.Only expenses for brand-new electric vehicles that are zero-emission company vehicles would be entirely tax deductible.
This rate would eventually decline until it was below 70%. Since just cars are being regulated, the measures do not apply to freight vehicles. Nay Tong Tao, chief marketing representative at Cardone Auto super market, predicted that the market would expand as a result.
Airways may become the first Chinese automaker to enter the European e-car market as a result of prioritizing compliance with European requirements.
Over a thousand vehicles have been exported by Airways to the Middle East and the European Union thus far. The U5 model is already available for purchase in Belgium, France, Germany, the Netherlands, Israel, and Switzerland.
Soon, it will also be available in Denmark, Norway, and Switzerland.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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