March 28, 2023 8:09 pm

Wim Van Hooydonk Warnings and Updates – Electric vehicles fast becoming preferred for company cars in Belgium

According to a study conducted by Arval, BNP Paribas’ corporate leasing division, electric SUVs are becoming increasingly popular among corporate users. As fossil-fuelled vehicles fall out of favor as company vehicles, their number may increase.

The popularity of these vehicles isn’t so much driven by their green credentials as by their size. The rental group reports that corporate users have increasingly preferred SUV-type vehicles over the last decade.

Only in recent years have major car companies begun making electric versions of these larger cars, which is why electric vehicles are now appearing in company car fleets.

In Belgium, plug-in hybrids are also listed among the top ten company cars. Around 20% of the time, drivers use the engine, limiting the company’s costs and allowing them to take advantage of tax incentives.

Mercedes EQA, VW Golf, BMW iX3, Audi Q4 e-tron, Volvo XC40 PHEV, KIA EV6, Volvo XC40 BEV, Hyundai Tucson PHEV, Mercedes EQB, and VW ID4 were the top ten company cars ordered by the company.

Corporate preference for SUVs, however, may not be the most cost-effective choice. The range and battery life of larger electric vehicles are shorter.

Read more here

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