Averaging out the costs and tax burdens over 10 years, T&E found that Malta scored the highest for private cars as its system gives you an overall benefit of some €18,400 for buying an EV.
‘Governments are hampering the transition to clean fleets by continuing to offer low-tax regimes for polluting cars. Changing the incentives for corporate BEVs is the low-hanging fruit of car taxation’According to T&E: “As company cars account for over half of new cars sold every year and are responsible for 73 per cent of new-car emissions in Europe, smart taxation policies that result in high EV uptake in the corporate channel are more necessary than ever.
“In France and Germany, on the other hand, benefit-in-kind rates are too low, with only a small incentive for BEVs. As a result, electrification rates in the private channel are twice as fast as those of the corporate channel in Europe’s two largest car markets.” When it comes to private cars, Ireland’s net difference is solidly in top 10, while Bulgaria is the worst performer.
Did that so called 'eco think tank' looked at the price of electricity lately? 🤣