Electrification in the company car market lags behind — particularly in Europe’s biggest car markets France and Germany, a new report by green group Transport & Environment finds.
Companies registered twice as many large cars as private households last year , the study also finds. This phenomenon is particularly accentuated in Germany: as Europe’s largest car market, Germany accounted for 40% of all heavy cars registered across the EU. Corporate cars could emerge as a major driver in supporting the green industrial transition of European carmakers, the study finds. The corporate car market is responsible for the overwhelming majority of car sales of five of Europe’s main car manufacturers . 70% of VW’s car sales in the EU are company cars. On average, only 49% of sales of non-European car makers go to the corporate segment.