The household expenditure on the purchase of vehicles in Belgium as a percentage of GDP is expected to remain stable after 2024. The forecast indicates a decline from 1% in 2024 to 0.9% from 2025 through 2028. This represents a 10% year-on-year decrease from 2024 to 2025, followed by a stabilized trend through 2028.

Future trends to watch for:

The transition towards electric vehicles (EVs) driven by stringent environmental regulations and incentives.
Potential impacts of economic fluctuations or policy changes on consumer spending power and vehicle affordability.
Technological advancements and innovations in the automotive industry.
Shifts in consumer preferences towards shared mobility solutions and car subscriptions.