Forecast: New Registrations of Electric Passenger Cars (Battery Only) in Belgium

From 2013 to 2023, the new registrations of electric passenger cars in Belgium have shown significant growth, with a notable dip in 2019 and 2022 before rebounding in 2023. The year 2023 concluded with 4,760 units. The year-on-year variation peaked in 2014 with over 132%, while the CAGR over the last five years averaged 4.8%. Projected figures from 2024 to 2028 anticipate continued growth, with a 5-year CAGR of 3.44% and an 18.42% total growth rate, despite the lower pace compared to past trends.

Future trends to monitor include advancements in battery technology, increased government incentives, infrastructure development for charging stations, and the introduction of more affordable electric car models. These factors are crucial for sustaining and accelerating growth in the electric vehicle market in Belgium.