SD Worx: ‘Fewer Belgian company cars for the second year’

In 2024, the number of company cars fell for the second year. The share of employees with a company car dropped slightly, to 14% or one in seven. The decline occurred in all regions and sectors but was most pronounced among young people (up to 30 years old). Also, the fleet’s greening continued.

These are some of the conclusions of a recent study by SD Worx, a primary Belgian human resources service provider. The study was conducted among 1.2 million private sector employees with approximately 175,000 company cars.

80% fully electric cars

According to the study, 80% of new commercial vehicles are fully electric (zero emissions). As a result, their average CO2 emissions dropped to 14 g/km in the fourth quarter of 2024. Gasoline and diesel cars fell to 17% and 2.5%, respectively.

“The decrease in the number of ‘polluting’ cars was expected. Vehicles that still emit CO₂ and were purchased from July 1st, 2023, are financially less attractive for employers,” explains Veerle Michiels, mobility expert at SD Worx.

More expensive

Employers are also spending more on company cars. In 2024, company cars were 8.7% more expensive. The median value in 2024 was €43,800; in 2023, it was €40,280.

From 2025, new plug-in hybrids will potentially become more expensive for employees and employers because the car still has a fossil engine. Europe assumes that the actual CO₂ emissions are much higher as a result.

Greening of the fleet

As an employee, you are more likely to have a company car if your job requires travel to customers; employers find it difficult to cut back on this. Engineers, technicians, and salespeople are some functions that are likely to get a company car.

Belgian employers (along with those from the Uk and Ireland) received the most complaints about the greening of the vehicle fleet. These complaints include the unavailability of the vehicle type, the delivery time, and the increased taxes on private use.