Company Cars Have Huge Potential to Boost Demand for EVs, but German and European Carmakers Prefer the Status Quo. Here’s Why - CleanTechnica

The article discusses the significant potential for company cars to drive electric vehicle (EV) demand in Europe, particularly in Germany, where company cars represent 67% of new sales. Despite this opportunity, German and European automakers, represented by the automotive lobby ACEA, resist stronger EU regulations to accelerate EV adoption. They argue that higher total cost of ownership (TCO), insufficient charging infrastructure, and weak second-hand EV markets hinder faster electrification. However, these claims are challenged by data showing that EVs already have competitive TCO in many European countries, charging infrastructure targets are being exceeded, and leasing companies are adapting to manage EV residual values effectively. Instead of supporting binding EU laws to boost company car electrification, ACEA advocates for non-legislative measures like better coordination of national fiscal incentives. The article critiques this stance, highlighting that successful EV adoption in countries like Norway and Belgium resulted from comprehensive fiscal reforms that increased taxes on petrol and diesel vehicles, not just softer incentives. The piece suggests that