{"id":75763,"date":"2026-06-01T16:46:31","date_gmt":"2026-06-01T16:46:31","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/75763\/"},"modified":"2026-06-01T16:46:31","modified_gmt":"2026-06-01T16:46:31","slug":"eu-lags-on-company-ev-tax-incentives","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/75763\/","title":{"rendered":"EU Lags on Company EV Tax Incentives"},"content":{"rendered":"

Today\u2019s ESG Updates<\/p>\n

EU Lags on Company EV Tax Incentives: A new analysis found that most EU countries offer limited tax incentives for company electric vehicles, raising concerns that businesses may be slower to switch from petrol cars despite the sector accounting for a majority of new vehicle registrations.
\nGlencore Cancels Smelter Job Cuts: Glencore scrapped plans to cut up to 1,500 jobs at its South African ferrochrome operations after regulators approved discounted electricity tariffs, providing relief to an industry struggling with high energy costs and competition from China.
\nIndia\u2019s Industrial Output Grows 4.9%: India\u2019s industrial output exceeded expectations in April, supported by strong growth in manufacturing and capital goods production despite continued pressure from higher energy costs and disruptions linked to the conflict involving Iran.
\nUK Regulator Clears Fuel Retailers: Britain\u2019s competition regulator found no evidence that fuel retailers changed pricing strategies to profit from the Middle East crisis, although concerns remain that weak competition could continue to keep pump prices elevated for consumers.<\/p>\n

EU States Fall Short on EV Tax Breaks<\/p>\n

Most European Union countries were found to lack effective tax incentives for companies purchasing electric vehicles, according to data published by Transport & Environment (T&E). The analysis showed that only nine of the EU\u2019s 27 member states provide tax benefits that make the upfront cost of a compact electric vehicle comparable to that of a petrol car.<\/p>\n

Company vehicles account for around 60% of new car registrations across the bloc, making corporate fleets a key driver of reductions in transport emissions. Germany, Poland, and Spain were among 12 countries where tax incentives covered less than half of the price gap between electric and petrol cars. With businesses still facing higher upfront costs for EVs, industry groups warned that the shift to cleaner transport could take longer than expected.<\/p>\n

***<\/p>\n

Further reading: Most EU countries lack strong tax incentives for company electric cars, T&E says<\/a><\/p>\n

Featured ESG Tool of the Week:
\nKlimado<\/a> \u2013 Navigating climate complexity just got easier. Klimado offers a user-friendly platform for tracking local and global environmental shifts, making it an essential tool for climate-aware individuals and organizations.<\/p>\n

Glencore Cancels South African Smelter Job Cuts
\n\"ESGSouth Africa now has only 11 operational smelters remaining out of the 66 that once operated across the country. Photo Credit: Jacques Nel<\/a><\/p>\n

Glencore has canceled plans to cut up to 1,500 jobs at its South African ferrochrome smelting business after regulators approved discounted electricity tariffs for the industry. The company had previously suspended production at three smelters and begun restructuring proceedings as rising power costs threatened the viability of its operations.<\/p>\n

The new tariff cuts electricity prices by 54%, easing pressure on an industry that has spent years grappling with rising power bills and tougher competition from Chinese producers. South Africa\u2019s ferrochrome sector has experienced a significant decline over the past decade, with many smelters shutting down amid rising electricity prices. Glencore said the reduced tariff would help stabilize operations and support the gradual restart of affected facilities.<\/p>\n

***
Further reading: Glencore\u2019s South African smelter cancels planned job cuts after electricity deal<\/a><\/p>\n

Related Articles<\/p>\n

Here is a list of articles selected by our Editorial Board that have gained significant interest from the public:<\/p>\n

India\u2019s Industrial Output Grows 4.9%
\n\"ESGThe revised data series now separates renewable and non-renewable electricity generation and includes sectors such as gas distribution, water supply, sewerage and waste management. Photo Credit: Josh Beech<\/a><\/p>\n

India\u2019s industrial output grew 4.9% in April, exceeding economists\u2019 expectations and marking the first release under a revised government data series. Growth was driven by strong performance in manufacturing and capital goods production, despite continued pressure from higher energy costs and supply disruptions linked to the ongoing conflict involving Iran.<\/p>\n

Manufacturing output grew 6.2% in April, while capital goods production jumped 16%. Output of consumer durables such as cars and mobile phones also expanded, alongside gains in electricity generation. However, mining activity declined during the month. The latest figures suggest that parts of India\u2019s industrial sector remain resilient despite external economic pressures and uncertainty in global energy markets.<\/p>\n

***<\/p>\n

Further reading: India\u2019s April industrial output grows 4.9% in first print of new data series<\/a><\/p>\n

UK Regulator Clears Fuel Retailers
\n\"ESGUK Finance Minister Rachel Reeves announced a package of support measures last month to help households cope with rising costs linked to higher energy prices. Photo Credit: Chris LeBoutillier<\/a><\/p>\n

Britain\u2019s competition regulator has found no evidence that fuel retailers changed pricing strategies to profit from the Middle East crisis, despite a recent rise in petrol and diesel prices. The regulator said higher wholesale fuel costs remained the main driver of increased pump prices in March and April.<\/p>\n

The findings come as governments face growing pressure to address rising living costs linked to higher global energy prices. While the regulator ruled out opportunistic pricing by retailers, it warned that weak competition in the fuel market remains a concern. Officials said limited competition could still leave drivers paying more than necessary and pledged to monitor whether future improvements in supply conditions are reflected in retail fuel prices.<\/p>\n

***<\/p>\n

Further reading: UK regulator says no evidence fuel retailers taking advantage of Middle East crisis<\/a><\/p>\n

Editor\u2019s Note: The opinions expressed here by the authors are their own, not those of impakter.com \u2014\u00a0 In the Cover Photo: European Union flags Cover Photo Credit: ALEXANDRE LALLEMAND<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Today\u2019s ESG Updates EU Lags on Company EV Tax Incentives: A new analysis found that most EU countries…\n","protected":false},"author":2,"featured_media":75764,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[123],"tags":[787,39710,39711,132,191,39712,25808,7323,3576],"class_list":["post-75763","post","type-post","status-publish","format-standard","has-post-thumbnail","category-glencore","tag-eu","tag-ev-tax","tag-fuel-retailers","tag-glencore","tag-india","tag-industrial-output","tag-smelter","tag-south-africa","tag-uk"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116675869818169306","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/75763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=75763"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/75763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/75764"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=75763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=75763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=75763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}