Survey: ‘One-third of Belgians not in favor of electrified car’

Belgium’s biggest bank, BNP Paribas Fortis, wants to be far more active in the mobility sector. So it launched a survey among 2 000 Belgians about their mobility preferences.

35% of the respondents declared not to be ready for electrification (fully electric or hybrid), which is a 6% increase compared to 2021. The electric transition seems to be stalling, especially concerning individual buyers.

According to BNP Paribas Fortis, “this increased resistance can be explained by the higher purchase prices for electric cars and by the consequences of the economic and energy crisis creating uncertainty in many households.”

Rather conservative

Of course, this also means that almost half of the respondents (47%) are determined to go for electrification before 2029, but that also is a slight regress (-3%) compared to last year.

Younger people are more open to change; only 26% of them reject electric driving, while this percentage climbs up to 42% for people aged 55 or older.

Flanders is also more inclined to electrification (51%) than Wallonia (42%) or Brussels (41%). Undoubtedly the LEZ zones in major Flemish cities and the tax incentives play their role.

The main reasons mentioned for taking a step toward electrification are legal obligations, fiscal incentives, and a lower cost of ownership. The climate argument only takes fourth place (but is still mentioned by one-third of the respondents).

The hesitation in going for electricity is mainly in the sector of the private, individual buyer. Only 4% of the cars the individual buyers are purchasing are electric.

“The main reason (mentioned by 58%) is the purchase price of an electric car,” says Leen Teunen from BNPP Fortis in the French newspaper L’Avenir. Other arguments are the range of an electric car (51%), charging times (48%), and a lack of charging infrastructure (47%).

The respondents who have already transferred to electric mobility seem generally satisfied: 75% are fond of the general driving experience, 68% are satisfied with the range, 67% with the charging times, and 59% by the TCO.

Mobility bank

It’s no coincidence that BNPP Fortis is now coming with this survey. The bank has decided to be a much bigger player in the mobility field. The banking group has agreed that more than a billion euros of additional revenues must be drawn out of the mobility area. In Belgium, the bank recently bought a stake in the mobility club Touring, investing together with AG Insurance.

The banking group wants to become a privileged partner of the Belgians on the road toward more sustainable mobility. That includes electric cars, soft mobility (e-bikes, steps car sharing, etc.), and so-called multimodal solutions.

BNPP Fortis points out that Belgians spend, on average, 11,4% of their total income on mobility of all kinds. Budgeting this mobility for the average household (and for companies) will be one of the main new targets for the BNPP Fortis Group.

“To accompany our clients in this transition to more sustainable and responsible mobility, we have a role to play and expert advice to give,” concludes Leen Teunen. “We have to go for an adjusted offer of loans and insurances, but also for MaaS- and CaaS solutions (Mobility as a Service and Charging as a Service).”

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