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.
Europe must stand firm over its future targets for carmakers as it cannot afford to fall further behind China.
The decision to create a Europe-wide carbon price was right but creates significant political risk. The good news is it can still be fixed.
It's about time the EU requires parts of key products to be made locally – and nowhere is this more urgent than in the battery sector.