SD Worx: ‘One in 35 Belgians trade in company car for mobility budget’

The share of employees with a ‘mobility budget’ has doubled again in 2023, from 0.2% in 2022 to 0.4% in 2023. This means that one in 250 employees now has a mobility budget. With the federal mobility budget, employees exchange their (right to a) company car for a budget to manage their mobility sustainably. “It is up to the employer to offer his employees the opportunity to exchange the company car for a mobility budget,” explains Veerle Michiels, mobility expert at HR service provider SD Worx.

For now, this only concerns white-collar workers with a company car: it concerns more than one in 35 employees with a company car or 2.7%. Last year, this was half. According to SD’s recent analysis of more than 36,000 employers and more than 1.1 million employees, Brussels employers are forerunners.

Public transport as an alternative

Flemish employers with a mobility budget are in the majority. Still, considering the number of employers per region, Brussels employers are the quickest to embrace the mobility budget: more than one in thirty have introduced it. In some ways, it makes sense: many white-collar workers work in Brussels, and public transport is an alternative to commuting.

The available mobility budget has also increased. In 2023, the median amount rose by 30%, from €6,000 in 2022 to €7,800 in 2023. The size of the mobility budget is determined by the total employer costs associated with the returned company car.

Housing costs

Veerle Michiels: “Trading in the company car is now most successful among employees between 25 and 35 years old. Especially if the employee does not really need the car or if sufficient alternatives are available, such as in the cities. The fact that the budget can also be used to pay off the mortgage loan or rent the home certainly contributes to the success.” Also, teleworking gave the mobility budget a boost.

According to Audrey Stampaert, co-founder of HR platform Mbrella, “In 2023, 77% of employees used their mobility budget for housing costs. In 2021, this was still 45% of employees; in 2022, it was 52%.”

Introduced five years ago

Most employers (84%) with a mobility budget are SMEs (companies with up to 250 employees). But considering the number of companies per segment, the mobility budget is most successful with the largest organizations. In general, the larger the company, the more likely an employer can offer the mobility budget.”

The mobility budget was introduced five years ago. Initially, It was intended to change mobility behavior and, more specifically, encourage people to use alternative transport. The measure first applied to employees with a company car, who could trade in their vehicle for other, more sustainable means of transportation.

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