The Belgian government is putting up taxes on company cars in a package that will bring in around €200 million a year.
Large company cars will now be taxed by up to €1000 a year more than they are now. The move follows a campaign by NGOs calling for changes to the tax regime for company cars, which also called for an end to subsidies for biofuels, higher taxes on diesel, and a rise in registration taxes.
If the EU holds firm on the 2035 target, the European auto industry has a real chance to be competitive global EV players.
EU's Clean Corporate Vehicles Initiative
Car, aviation and shipping industries would require 2-9 times the advanced biofuels that can be sustainably sourced in 2050.