The new European Commission has committed to phase out fossil fuel subsidies and ensure a just green transition, now it has to deliver on this promise, green group Transport & Environment (T&E) says. In the five biggest EU countries alone, subsidies for petrol and diesel company cars cost taxpayers €42 bn every year, according to a new study by green group Transport & Environment (T&E). The study by ERM, commissioned by T&E, calculates the effects of the four tax benefits traditionally given to company cars: benefit-in-kind, depreciation write-offs, VAT deductions and fuel cards. These are subsidies not enjoyed by private car owners. Company cars represent 60% of all new car registrations in Europe [1]. (....)