According to Reuters, according to a study commissioned by the European environmental organization Transport and Environment (T&E), a consulting firm Environmental Resource Management (ERM), the five major EU member states spend about 42 billion euros (about 45.
6 billion U.S. dollars) every year Subsidizing fossil fuel companies ‘car use (in Europe, corporate cars account for about 60% of total new car sales), which is contrary to the EU’s green transformation agenda.
T&E therefore called for more subsidies for electric vehicles.
, Research released by ERM on October 21 showed that Italy provides 16 billion euros in subsidies for fossil fuel companies every year.
followed by Germany, which provides 13.
7 billion euros in subsidies every year.
France and Poland provide 6.
4 billion euros and 6.
1 billion euros respectively each year.
Spain has 100 million euros.
ERM research also found that only the former EU member state, the United Kingdom, provides financial incentives for corporate car drivers to switch to electric vehicles.
Subsidies for fuel vehicles in major European countries: Photo source: T&E, it is reported that companies usually use cars as employee benefits and provide large subsidies such as offsetting consumption taxes and fuel use discounts.
The study found that four countries-Italy, Germany, France and Poland-had about 15 billion euros to subsidize SUVs.
On average, corporate car drivers receive a tax benefit of 6,800 euros per year, and each highly polluting large model can enjoy a tax benefit of up to 21,600 euros.
, T&E Team Director Stef Cornelis said: “It is completely illogical and unacceptable that we are still investing billions of taxpayer dollars into a technology that is completely inconsistent with the European Commission’s green transformation agenda.
“, European Commission President Ursula von der Leyen said in a letter to Wopke Hoekstra on September 17 that one of Wopke Hoekstra’s top priorities will be to propose ways to phase out fossil fuel subsidies.
The study comes as sales of electric vehicles in Europe are on a downward trend, in part because electric vehicles cost more than comparable fossil-fuel vehicles, making them inaccessible to many consumers.
Automotive industry data showed that sales of pure electric vehicles in the EU fell 43.
9% year-on-year in August, with sales in Germany and France, the EU’s largest electric vehicle markets, falling 68.
8% and 33.
1% respectively year-on-year.
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