Market Research Report
Strategic Analysis of the Belgium EV Market
|Published by||Frost & Sullivan||Product code||973365|
|Published||Content info||54 Pages
Delivery time: 1-2 business days
|Strategic Analysis of the Belgium EV Market|
|Published: November 12, 2020||Content info: 54 Pages||
A Nascent Market with Big Potential
The automotive industry is evolving rapidly. Electric vehicles have been introduced as a clean energy initiative and are now becoming an integral part of OEMs' business strategies. Automakers like Volkswagen, Hyundai-Kia, and RNM are creating separate EV business units to be prepared for the expected EV boom. The surge in EV demand will, however, create a need for charging infrastructure and new safety regulations, standards, etc. Belgium has a steadily growing EV market. As a member of the EU, Belgium's National Policy Framework (NPF) is based on the October 2014 Directive launched by the European Commission regarding alternate fuel vehicles to address environmental issues and energy security, attracting investors to Europe for alternate fuel source development. The government has made serious progress in terms of the charging station infrastructure in 2019 and is also considering the introduction of additional methodologies to regulate carbon emissions from vehicles. There is, however, a lack of incentives both for consumers to purchase EVs and for OEMs to boost production of EVs, which is holding the market back.
The study gives us a detailed analysis of the EV market scenario with charts based on annual sales (2019) as well as historical sales. PEVs and HEVs have separate sections.
Data is compiled and presented in the form of:
The report has been rounded off with key findings, conclusions, observations, Frost & Sullivan forecast for PEVs, and growth opportunities to act on.