New report finds corporate cars ‘leading on pollution, lagging on electric’

illuminem summarizes for you the essential news of the day. Read the full piece on Euractiv or enjoy below:

🗞️ Driving the news: Corporate car sales are surging, accounting for six out of ten new registrations in 2023, yet they lag behind private consumers in adopting zero-emission vehicles (ZEVs), a report by Transport & Environment (T&E) reveals

🔭 The context: European companies, which benefit from tax incentives and have greater purchasing power, are key players in the car market but have been slow in transitioning to electric vehicles
• This trend persists even as the European Commission launches a public consultation on greening corporate fleets

🌍 Why it matters for the planet: Corporate fleets contribute significantly to emissions, registering more large SUVs and driving more kilometers annually than private owners
• Increasing corporate uptake of ZEVs is critical for reducing automotive emissions and supporting EU carmakers' shift to electrification

⏭️ What's next: The European Commission is expected to propose new regulations based on the current public consultation, potentially including binding ZEV targets for large fleets
• The industry emphasizes the need for more charging infrastructure and fiscal incentives to support this transition

💬 One quote: “We need to see around 22,000 public charging stations installed weekly to achieve the 55% CO2 reduction target for cars and vans by 2030,” stated the European Automobile Manufacturers’ Association (ACEA)

📈 One stat: Corporate uptake of zero-emission vehicles was 14.1% in 2023, compared to 15.6% for private consumers

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