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In the first quarter of 2020, the European Union commercial vehicle market contracted by 23.2% to 413,327 units as a direct consequence of slowdowns seen in March, as measures to prevent the spread of the coronavirus lead to the closure of dealerships.
The global consumption of biodiesel is expected to register a 3.1% compound annual growth rate between the period of 2018 to 2026, bolstered heavily by growth in Europe and China.
LeasePlan CEO Tex Gunning, along with leaders for more than 60 other businesses, signed a letter aimed sign carbon neutrality into law in the European Union.
Despite the fact that Latvia, Lithuania, and Estonia joined the European Union almost 15 years, the current principles of management of each of their fleets follow Soviet-based practices.
Fleet registrations in the European Union saw record breaking numbers in August, bolstered by the Worldwide Harmonised Light Vehicle Test Procedure (WLTP) deadline, which is a new required measurement of fuel consumption and CO2 emissions from passenger cars and light commercial vehicles, as well as their pollutant emissions, effective Sept. 1.
Fleet registrations in the European Union were stable for the month of June and the first half of the year overall, inching up slightly when compared to last year.
The EU has planned to issue retaliatory tariffs in response.
Differing country laws of the individual member states of the EU will continue to make taxation of company cars inconsistent and complex for the foreseeable future.
The European Automobile Manufacturers’ Association recommended that more investment be made for electric vehicle recharging infrastructure in the EU after a recent report found incentives for electric vehicle charging stations were found in fewer than half of the countries.
Gasoline-powered cars have become the most sold car type in the European Union, overtaking diesel in the first half for the first time since 2009.