Belgium's Electric Vehicle Market Projected to Triple in Value by 2028 with a 25% CAGR, Reaching US$12 billion in 2028


Dublin, Aug. 22, 2024 (GLOBE NEWSWIRE) -- The "Belgium Electric Vehicle and Charging Infrastructure Market Databook - 75+ KPIs Covering EV Market Size by Value and Volume, Vehicle Type, Price Point, Propulsion Type, Component, Location - Q2 2024 Update" report has been added to ResearchAndMarkets.com's offering.

The electric vehicle market in Belgium is expected to grow by 21.1% on an annual basis to reach US$4.9 billion by end of 2024.

The medium to long term growth story of the electric vehicle market in Belgium remains strong. Electric vehicle adoption is expected to grow steadily over the forecast period, recording a CAGR of 25.1% during 2024-2028. The electric vehicle market in Belgium is forecast to increase from US$4 billion in 2023 to reach US$12 billion in 2028.

This report provides a detailed data-centric analysis of the electric vehicle and charging infrastructure market, value and volume metrics covering market opportunities and risks across a range of industry categories. with over 75+ KPIs at the country level, this report provides a comprehensive understanding of electric vehicle market dynamics, market size and forecast, and charging infrastructure market statistics.

This report provides the overall vehicle market of the country by value and volume. Further, it breaks down electric and charging infrastructure market. Market opportunity for the electric vehicle segment has been further broken down by type of vehicle driven, car segments, class of vehicles, propulsion type, distance range and by components in Belgium.

The electric vehicle charging infrastructure module provides market size data by number of charging stations, and number of charging points. Market opportunity is broken down by type of chargers, by location of charging points, by charging speed, by connection phase, by type of connectivity and by charger connectivity infrastructure.

Report Scope

This report provides in-depth data-centric analysis of Electric Vehicle and Charging Infrastructure Market in Belgium through 97 tables and 119 charts. Below is a summary of key market segments:

Belgium Overall Vehicle Market Size and Future Growth Dynamics

  • Market size by value
  • Market size by volume

Belgium Electric Vehicle Market Size and Forecast

  • Market size by value
  • Market size by volume

Belgium Electric Vehicle Market Volume By Drive Segment

  • Front Wheel Drive
  • Rear Wheel Drive
  • All-Wheel Drive

Belgium Electric Vehicle Market Value and Volume By Car Segment

  • Passenger Car
  • Commercial Vehicle

Belgium Electric Vehicle Market Value and Volume By Passenger Car Segment

  • Small Car
  • Medium Car
  • Crossover Car
  • Large Car
  • SUV

Belgium Electric Vehicle Market Value and Volume By Commercial Vehicle Segment

  • Light Duty Vehicle (Class 1-Class 3)
  • Medium Duty Vehicle (Class 4-Class 6)
  • Heavy Duty Vehicle (Class 7-Class 8)

Belgium Electric Vehicle Market Value By Vehicle Class

  • Low-Priced
  • Mid-Priced
  • Luxury Class

Belgium Electric Vehicle Market Value By Powertrain

  • Parallel Hybrid
  • Series Hybrid
  • Combined Hybrid

Belgium Electric Vehicle Market Value By Distance Range

  • Up to 150 Miles
  • 151-300 Miles
  • Above 300 Miles

Belgium Electric Vehicle Market Value By Charging Type

  • Normal Charging
  • Super Charging

Belgium Electric Vehicle Market Value By Propulsion Type

  • Plug-In Hybrid Electric Vehicles (PHEVs)
  • Battery Electric Vehicles (BEVs)
  • Hybrid Electric Vehicles (HEVs)
  • Fuel Cell Electric Vehicles (FCEVs)

Belgium Electric Vehicle Market Value and Volume By Vehicle Type

  • Two Wheelers (e2W)
  • Three-Wheeler (e3W)
  • Four Wheelers (e4W)
  • Electric Buses

Belgium Electric Vehicle Market Value By Cities

  • Tier 1 Cities
  • Tier 2 Cities
  • Tier 3 Cities

Belgium Electric Vehicle Market Value By Components

  • Battery Cells & Packs
  • On-Board Charge
  • Motor
  • Reducer
  • Power Control Unit
  • Battery Management System
  • Fuel Processor
  • Power Conditioner
  • Air Compressor
  • Humidifier

Belgium Electric Vehicle Infrastructure Market Value

Belgium Electric Vehicle Infrastructure Market Volume

  • Number of Charging Points
  • Number of Charging Stations

Belgium Electric Vehicle - Number of Charging Points By Charging Type

  • Level 1 - 240 (V)
  • Level 2 - 120 (V)
  • Direct Current (DC)

Belgium Electric Vehicle - Number of Charging Stations By Charging Type

  • Level 1 - 240 (V)
  • Level 2 - 120 (V)
  • Direct Current (DC)

Belgium Electric Vehicle - Number of Charging Points By Location

  • Residential and Destination
  • Streets
  • Workplaces
  • Flew depots

Belgium Electric Vehicle - Number of Charging Points By Charging Speed

  • Slow
  • Fast
  • Rapid
  • Ultrarapid

Belgium Electric Vehicle - Number of Charging Stations By Charging Speed

  • Slow
  • Fast
  • Rapid
  • Ultrarapid

Belgium Electric Vehicle - Number of Charging Points By Vehicle

  • Passenger Cars
  • Buses
  • Trucks
  • Light Commercial Vehicles

Belgium Electric Vehicle - Number of Charging Points By Connection Phase

  • Single Phase
  • Three Phase

Belgium Electric Vehicle - Number of Charging Points By Infrastructure Type

  • CSS
  • CHAdeMO
  • GB/T
  • Other

Belgium Electric Vehicle - Number of Charging Points By Connectivity

  • Smart Charging Station
  • Non-Connected Charging Station

Reasons to buy

The report provides a comprehensive overview of the Belgium electric vehicle market and infrastructure, covering the following key aspects:

  • Market size by value and volume: This report provides detailed market size and forecast data for electric vehicles in Belgium, by value and volume. This data is essential for understanding the current and future potential of the market.
  • Detailed EV market opportunity: This report segments the electric vehicle market by drive segment, car segment, commercial vehicle segment, passenger car segment, commercial vehicle segment, vehicle class, powertrain, distance range, charging type, propulsion type, vehicle type, and cities. This segmentation provides a granular view of the market and helps to identify key growth areas.
  • EV infrastructure: This report also provides a comprehensive overview of the Belgium electric vehicle infrastructure market, including market size and forecast data, along with detailed market segmentation. This information is essential for businesses that are looking to invest in the Belgium electric vehicle infrastructure market.
  • Assess risks: Granular segment level information helps in identifying new business opportunities and risks in the Belgium electric vehicle and infrastructure market.

For more information about this report visit https://www.researchandmarkets.com/r/50dk70

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