Company cars are the ‘low hanging fruit’ in shift to emobility

Company cars are costing Europe’s taxpayers €32 billion a year in subsidies – and most of them are for polluting vehicles, according to a new study. T&E says EU states have everything to gain from ending tax deals for fossil fuelled vehicles. Belgium’s new coalition government has committed to allowing favourable tax treatment for zero-emission company cars only by 2026.

Company cars are costing Europe’s taxpayers €32 billion a year in subsidies – and most of them are for polluting vehicles, according to a new study. T&E says EU states have everything to gain from ending tax deals for fossil fuelled vehicles. Belgium’s new coalition government has committed to allowing favourable tax treatment for zero-emission company cars only by 2026.

Related issuesClimate Change and EnergyPolicy areaPricing and taxationRead More

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