Corporate fleets are Europe’s biggest car market and are key to decarbonising road transport. They account for six out of ten new car sales and 73% of new car emissions. They have a similar presence in the commercial vehicle markets: 80% of van sales are corporate while 100% of new trucks are sold to companies or fleets.
The corporate sector should be the champion of electrification. Companies have more purchasing power and enjoy tax breaks that private buyers don’t. However, across the EU their battery electric vehicle uptake is only slightly higher than that of private buyers (14.3% vs 13.6%).
Member states should be reforming car tax to clearly incentivise electric vehicles. The recent example in Italy, where the fiscal gap between BEVs and ICE cars has been extended, shows changes in taxation are key. In parallel, the upcoming EU fleets law should set binding targets to ensure EU carmakers can be helped in meeting their 2030 emission rules.
Find out more here:
Unveiling Europe’s corporate car problem
Fossil fuel subsidies for company cars cost EU taxpayers €42 billion every year
Sources
For the 3 numbers on top of the page: Dataforce