Mobility budget grows in popularity as alternative to company car
The mobility budget – an alternative to a company car – is growing in popularity, HR service providers SD Worx and Acerta report. One in 20 employees opted for a mobility budget last year, twice as many as in 2023.
The initiative, introduced six years ago, allows employees to exchange their company car or their right to one for a tax-free budget to be spent on alternative and sustainable mobility options.
Analysis by SD Worx, based on data from more than 37,000 employers and 1.1 million employees, shows that the total share of employees with a mobility budget remains low, at 0.85 per cent. Employers in and around the capital are more likely to offer the budget to their staff.
Reform expected
In Brussels, 13.5 per cent of employees have a mobility budget, compared to 3.7 per cent in Flanders and 2.5 per cent in Wallonia.
The Acerta analysis is based on data from more than 350,000 employees and 28,000 employers in the private sector, supplemented with data from the HR platform Mbrella. It shows that while new entrants to the job market are choosing a mobility budget, people in their 40s and 50s are also increasingly giving up their company cars.
"The fact that the percentages remain low despite the growth indicates that this potential is not yet being fully utilised"
“Often, children have left home, some have moved to an apartment in the city centre, and a car is less of a necessity,” says Acerta. “All of this points to real potential for the mobility budget. But the fact that the percentages remain low despite the growth indicates that this potential is not yet being fully utilised.”
The average amount granted is 7,294.96 euros. The new federal government has announced that it intends to reform the mobility budget, so employers will have to systematically offer it to employees who are entitled to a company car.
Cyclists in Brussels © PHOTO BELPRESS
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