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Image header Agence Europe
Europe Daily Bulletin No. 13508
Contents Publication in full By article 12 / 28
SECTORAL POLICIES / Transport

Fossil fuel subsidies for company cars cost European taxpayers €42 billion every year, according to T&E

In the four largest EU countries, subsidies for petrol and diesel company cars cost taxpayers €42 billion every year, according to a new study by the environmental group Transport & Environment (T&E), published on Monday 21 October.

The study calculates the effects of the tax benefits traditionally granted to company cars: benefits in kind, depreciation, value added tax (VAT) deductions and fuel cards. These subsidies are not available to private car owners. Company cars account for 60%...

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Russian invasion of Ukraine
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