Belarus Vehicle Market in 2026 is expanding. Q1 sales grew by 6.7%, turning positive in March after previously falling. Belgee reported the strongest gains at +69.7%, while Geely surged 16.5% into 2nd driving EV sector boom to a share of 18.9%.
Economic Environment
In 2026, Belarus’s economy is expected to grow by about 1.2%, with inflation at 6.4%, a current account deficit of 2.7% of GDP, and unemployment around 2.9%, according to revised IMF projections. This marks a slight downgrade from earlier forecasts and is notably below the government’s more optimistic expectation of 2.8% growth.
Other international institutions share a similarly cautious outlook, with slightly lower growth estimates and concerns tied to sanctions and reliance on Russia. Looking ahead to 2027, growth is projected to slow further to around 1%, with modest increases in inflation and the current account deficit.
Automotive Industry Trend And Outlook
After thriving in 2025, the Belarusian vehicle market tripped early on in 2026, but sales turned positive again in march. Overall, Q1 figures grew by 67% to 13,275 units.
Brand-wise, Belgee, a joint venture controlled by the Belarus state and Geely group, became the new leader, growing by 69.7% and securing 39.8% of the market. Geely ranked in 2nd, growing 16.5% and with ashare of 16.7%. Lada ranked in 3rd, losing 5.1% to a 13.4% share while Vohan -up 3 spots- followed in 4th (+63.3%) and Gaz in 5th (-30.6%).
Belgee held the models’podium, with the Belgee X70 in 1st (-8.5%), the Belgee X50 -up 4 spots- in 2nd (+267.9%) and Belgee S50 in 3rd (+26.9%)
EV Market Trend And Outlook
The Belarusian EV sector is surging quickly in 2026, growing 75.3% to a 18.9% share. The government plans to keep zero import duties on EVs in 2026 with a 20,000-unit quota, extend incentives to 2028 (despite ending free parking), and aims for 300,000 EVs and up to 10,000 charging stations within five years.
