Forecast: New Registrations of Hybrid Electric-Diesel Passenger Cars in Belgium

The new registrations of hybrid electric-diesel passenger cars in Belgium have shown marked fluctuations over the past decade. From 2013 to 2023, the market has experienced significant peaks and troughs, including a sharp increase in 2015 and several declines, notably a 47.81% decrease in 2016. The data reveals a somewhat volatile market, with yearly variation percentages often in double digits. As of 2023, the registration stood at 1240 units, indicating a minimal year-on-year increase of 0.73% from 2022. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 stood at -0.11%, reflecting overall stagnation in the past five years.

Future forecasts from 2024 to 2028 show a moderate growth trend, with a projected 5-year CAGR of 0.65% and an overall growth rate of 3.27%. Key trends to watch for include technological advancements in hybrid vehicles, shifts in consumer preferences towards sustainable options, and possible regulatory incentives or barriers impacting new registrations.