Company Vehicle Regulations Could Create 344,000 Jobs in Europe
A recently-proposed company-vehicle policy has the potential to create hundreds of thousands of new job opportunities across Europe at a time when the continent’s auto sector is facing a historic decline. According to the Fraunhofer ISI Study, company vehicles represent the fastest way for Europe to turn its ongoing transition to battery electric vehicles (BEVs) into an active job creator. For years anti-EV proponents argued that transitioning to electric cars would cause significant job losses in the auto industry. And with European auto giants struggling to compete with Chinese EVs in both price and quantity, the transition threatened to permanently…