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Europe Daily Bulletin No. 12574

6 October 2020
Contents Publication in full By article 19 / 32
SECTORAL POLICIES / Climate
European governments subsidise company cars to the tune of €32 billion a year, according to T&E
Brussels, 05/10/2020 (Agence Europe)

Subsidies for company cars cost European taxpayers €32 billion a year, at a time when 96% of new company car registrations are petrol or diesel vehicles, according to a report published on Monday 5 October by the NGO Transport & Environment (T&E).

The NGO arrived at this conclusion by calculating the total savings made by businesses as a result of VAT deductions and write-offs granted to them when buying a car (benefits which are not provided for in the case of the purchase of a car by a...

Contents

INSTITUTIONAL
EU RESPONSE TO COVID-19
ECONOMY - FINANCE - BUSINESS
EXTERNAL ACTION
SECURITY - DEFENCE
SECTORAL POLICIES
NEWS BRIEFS
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