European Company Car Market Goes Green

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In Europe the company car market is a lot bigger than in the USA. What the market is in China, I honestly do not know. So this article is for our European and North American

For historical reasons, good or bad, there is a huge company car market in Europe. The most abundant company car is not a vehicle one drives professionally to do the company’s business. It is a private car made available by the employer for private use by the employee, both as an incentive to work for the company, and as a tax dodge. It is a high value reward that is taxed as a Benefit in Kind at a relatively low income tax level.

Going zero emission with company cars is also good for the image of the driver, the employer, and the leasing company, which is an excellent route to accelerate the adaptation of electric driving. Making all the company cars fully electric should be an EU regulation. It is the only way to get something with a starting date in the second half of this decade, with 2030 as the latest sensible date. An EU directive would be too little too late.

The intentions of other European governments are hard to find. If published, it is in national media in their national language, and likely not on the front page. Anybody knowing of such intentions, please share in the comments section.

 

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