"The EU's five biggest members spend 42 billion euros ($45.60 billion) annually subsidizing fossil-fuel company cars, according to a study commissioned by environmental group Transport & Environment (T&E), which called for more subsidies for EVs instead.

Company cars make up around 60% of new car sales in Europe.

Italy provides 16 billion euros in subsidies for fossil-fuel company cars, followed by Germany, which provides 13.7 billion euros, the study by consultancy Environmental Resources Management (ERM), released on Monday, showed."

Nick Carey reports for Reuters October 20, 2024. [2]