{"id":707213,"date":"2026-06-01T00:11:09","date_gmt":"2026-06-01T00:11:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/707213\/"},"modified":"2026-06-01T00:11:09","modified_gmt":"2026-06-01T00:11:09","slug":"markets-live-blog-asx-200-tipped-lower-despite-wall-st-gains-aud-flat-oil-higher-despite-iran-war-peace-talks","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/707213\/","title":{"rendered":"Markets live blog: ASX 200 tipped lower despite Wall St gains, AUD flat, oil higher despite Iran war peace talks"},"content":{"rendered":"<p class=\"paragraph_paragraph___QITb\">Only nine of the European Union&#8217;s 27 member states clearly incentivise companies to choose electric vehicles, data published by advocacy organisation Transport &amp; Environment, which is explicitly pro-regulation, has said.<\/p>\n<p class=\"paragraph_paragraph___QITb\">Company cars account for about 60% of new registrations in the EU and tend to be used twice as much as private vehicles before entering the second-hand market, it said.<\/p>\n<p class=\"paragraph_paragraph___QITb\">Nine EU countries, including France, the Netherlands, Belgium and Denmark, offer a tax discount that brings the initial price of a compact EV at least level with a comparable petrol car.<\/p>\n<p class=\"paragraph_paragraph___QITb\">Six countries, including Italy and Finland, have lower tax incentives that cover more than half, but not the entire EV price premium.<\/p>\n<p class=\"paragraph_paragraph___QITb\">It said 12 countries, including Germany, Poland and Spain, have no effective tax incentives, compensating for less than half of the upfront price gap.<\/p>\n<p class=\"paragraph_paragraph___QITb\">Out of compact corporate car sales, 68% come from countries where the tax difference is lower than the EV price premium, with 49% from countries with no effective tax incentives.<\/p>\n<p class=\"paragraph_paragraph___QITb\">Germany and Poland together account for 52% of all oil-intensive corporate car registrations.<\/p>\n<p class=\"paragraph_paragraph___QITb\">In Germany, a large &#8220;E-segment&#8221; petrol company car receives a net fiscal advantage of up to 6,190 euros over four years, outweighing the taxes the company paid.<\/p>\n<p class=\"paragraph_paragraph___QITb\">Belgium&#8217;s corporate EV share rose from 8.8% in 2021 to 54.2% in 2025, the EU&#8217;s second-highest after Denmark.<\/p>\n<p class=\"paragraph_paragraph___QITb\">The Netherlands, Finland, Sweden and Austria have high corporate EV shares and have started to scale back tax incentives.<\/p>\n<p class=\"paragraph_paragraph___QITb\">About 20 million new internal combustion engine cars are expected to be registered by EU companies by 2030.<\/p>\n<p class=\"paragraph_paragraph___QITb\">With reporting by Reuters<\/p>\n","protected":false},"excerpt":{"rendered":"Only nine of the European Union&#8217;s 27 member states clearly incentivise companies to choose electric vehicles, data published&hellip;\n","protected":false},"author":2,"featured_media":707214,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[253958,37156,64,63,166,133109,133715,99,12970,2005,206980,2007,5463,4679,1491],"class_list":["post-707213","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-all-ordinaries","tag-asx-200","tag-au","tag-australia","tag-australian-dollar","tag-australian-shares","tag-brent-crude-oil","tag-business","tag-currencies","tag-dow-jones","tag-iran-war","tag-nasdaq","tag-sp-500","tag-stock-market","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/707213","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=707213"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/707213\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/707214"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=707213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=707213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=707213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}