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.
EU 2035 reversal won't make carmakers great again
Extending the sales of combustion engines would divert investment from EVs while China races further ahead
Some car execs suggest a return to the combustion engine will restore Europe’s competitiveness. They couldn't be more wrong.
If the EU holds firm on the 2035 target, the European auto industry has a real chance to be competitive global EV players.