Eight in ten new company cars were fully electric by the end of 2024, according to a study published on Thursday by human resources specialist SD Worx.
Petrol cars and their hybrid variants are in steep decline, as are diesel vehicles, which now make up only 2.5% of new company cars.
The rapid shift to electric vehicles – electric company cars accounted for less than 10% in 2022 – has significantly reduced average CO2 emissions from company cars in Belgium. These emissions now average 14 g/km.
"In the case of company cars, we are at cruising speed in greening: employers are adapting their fleets in line with stricter federal regulations," said SD Worx's mobility expert, Veerle Michiels.
Electric vehicles, which emit zero CO2, largely offset emissions from average diesel and petrol cars, which emit 114 g/km and 66 g/km respectively in the last quarter of 2024.
"This decrease was expected. Cars emitting CO2 purchased after 1 July 2023 are becoming less financially attractive for employers due to a gradual reduction in expense deductions and a notable increase in ONSS solidarity contributions," said the mobility expert at SD Worx, Alexia van Zuylen.
Employers are also spending more on company cars. In 2024, the median catalogue value of new vehicles rose by 8.7% compared to the previous year, reaching €43,800, up from €40,280 in 2023.
In Belgium, SD Worx estimates that one in seven workers (14%) has a company vehicle.
