Belgium Electric Car Market 2024-2030

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    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.


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    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.





    1. How many Electric Cars are manufactured per annum in Belgium? Who are the sub-component suppliers in this region?
    2. Cost breakup of a Belgium Electric Car and key vendor selection criteria
    3. Where is the Electric Car manufactured? What is the average margin per unit?
    4. Market share of Belgium Electric Car market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Belgium Electric Car in-house
    6. key predictions for next 5 years in Belgium ‘Electric Car market
    7. Average B-2-B Electric Car market price in all segments
    8. Latest trends in Electric Car market, by every market segment
    9. The market size (both volume and value) of the Electric Car market in 2024-2030 and every year in between?
    10. Production breakup of Electric Car market, by suppliers and their OEM relationship
    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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