Forecast: Number of Hybrid Diesel-Electric Passenger Cars in Belgium

The number of hybrid diesel-electric passenger cars in Belgium has shown a consistent upward trend from 2013 to 2023. Notably, there was a substantial increase in recent years, with 2020 experiencing a 110.47% year-on-year growth, and 2021 with 126.77% increase. By 2023, the number stood at 74,380 units, representing a 29.77% increase from the previous year. Over the past five years, the compound annual growth rate (CAGR) was an impressive 65.98%.

Looking forward, the forecast data suggests continued growth, albeit at a more moderate pace. By 2028, the number is expected to reach 157,120 units, with a forecasted five-year CAGR of 11.48% and an overall growth rate of 72.16% from 2023.

Future trends to watch for include advancements in battery technology, government incentives for hybrid vehicles, and increasing consumer awareness about environmental impacts, which could further influence market dynamics and growth rates in the hybrid diesel-electric car segment in Belgium.