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Strategic Analysis of the Belgium EV Market, 2020 Report Featuring Hyundai-Kia, RNM & Volkswagen – ResearchAndMarkets com

ResearchAndMarkets.com’s offering. 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. 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.

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