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...