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Italy Reforms Company Car Tax, Incentivizing Electric Vehicles
Italy's new tax on company cars, favoring electric and plug-in hybrid vehicles, reduces a 16 billion euro annual tax break for polluting vehicles—the highest in Europe—incentivizing a shift towards cleaner options and aligning with EU decarbonization goals.
Italy Reforms Company Car Tax, Incentivizing Electric Vehicles
Italy's new tax on company cars, favoring electric and plug-in hybrid vehicles, reduces a 16 billion euro annual tax break for polluting vehicles—the highest in Europe—incentivizing a shift towards cleaner options and aligning with EU decarbonization goals.
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