96% of new company car registrations in Europe are petrol and diesel vehicles

96% of new company car registrations in Europe are petrol and diesel vehicles

Company cars: How European governments are subsidising pollution and climate change
Company cars are vehicles owned by companies or other organisations – not by individuals – and they represent the main market share for new cars in Europe.

Transport & Environment has commissioned the fleet market research firm Dataforce to analyse the corporate market in EU27+UK. Its report, looks into the corporate registrations for the car market and its effects on Europe’s climate ambitions. The briefing summarises the findings and provides additional analysis and recommendations for lawmakers at national, EU and city levels.

But despite this, the latest data available on corporate fleet registrations shows that, even though EVs are growing rapidly they have a very limited share, and 96% of new company car registrations are still petrol and diesel vehicles.

Current fleets of very large companies, like Allianz, Dell, IBM, Philip Morris, Roche, or Philips, to name but a few, only have 3% all-electric vehicles in their fleets.

Because company cars drive on average 2.25 times further than private cars, they disproportionately contribute to road transport pollution. While representing 3.7% of the total vehicle fleet, the 10 largest leasing companies alone account for 8% of car CO2 emissions in Europe.

Their fleets, which total close to 10 million cars, emit 44.3Mt of CO2 each year. And European governments are effectively subsidising the pollution of corporate fleets to the tune of €32 billion per year.

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Report by: OGP/Segun Cole , Please email us your industry related news for publication info@OilAndGasPress.com

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