The Different Aids Granted for the Purchase of a Hybrid Vehicle

Driving “green” means reducing the CO² emissions produced by your vehicle into the atmosphere while significantly decreasing fuel consumption. The hybrid car is an interesting alternative to achieve this goal. What credit is available for purchasing a hybrid vehicle?Various incentive measures are taken both at the federal level and by each Region to encourage Belgian motorists to choose this type of vehicle. What are these bonuses and deductions? Follow the guide. Simulate your car loan online

The ecobonus of the Walloon region

A recent survey conducted by the car dealer Cardoen indicates that only 2.6% of Belgians plan to acquire a hybrid car. To encourage them, the Walloon region offers an ecobonus of 2,500 euros for vehicles registered since January 1, 2013, whose CO² emission rate is between 0 and 20 g/km. For a rate between 21 and 40 g/km, this bonus is 2,000 euros. Between 41 and 50 g/km, it drops to 1,500 euros, then to 500 euros for CO² emissions ranging between 51 and 60 g/km. Finally, if the car emits between 61 and 70 g/km of CO², the bonus is reduced to only 250 euros. This bonus applies to hybrid vehicles whose catalog price does not exceed 30,000 euros.

Focus on tax deductions

If the CO² emission per km does not exceed 105g, the Belgian motorist benefits from a tax reduction equivalent to 15% of the car’s purchase price, capped at 3,280 euros. Conversely, if the emission rate is between 105 and 115 g/km, the tax reduction is 3% of the purchase price, with a limit set at 615 euros. This tax reduction is applied directly at the time of purchase as it is deducted from the amount to be paid by the motorist. Finally, companies benefit from a 90% tax reduction if they use a hybrid vehicle for their employees’ travel. They also enjoy a relatively low level of their benefit in kind (BIK) which is 55 euros, and benefit from a reduced taxable amount. Simulate your car credit online