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  • How corporate fleets can boost demand for Made-in-EU EVs

    How corporate fleets can boost demand for Made-in-EU EVs

    The European Commission is preparing a legislative proposal on Clean Corporate Vehicles. This is a big opportunity to boost demand for Made-in-EU electric cars.

    Our analysis shows that already today, 73% of electric cars registered by companies were produced in the EU. For the private segment this was 63%. Because the majority of new vehicle sales in the EU are company cars, this 73% translates into 403,000 Made-in-EU EVs while for the private market this was only 184,000.

    With the upcoming Clean Corporate Vehicles proposal, the European Commission can further tap into this potential. Asking the corporate market to accelerate and lead Europe’s shift to electric is legitimate:

    • In 23 out of 27 Member States, companies receive more benefits than private buyers for owning an EV. In Germany this goes up to €14.000 per car.

    • Despite such benefits, in only 3 Member States companies are really driving the uptake of electric cars.

    This means that the corporate market’s potential is far from exhausted: an EU-wide target (on Member States or companies) asking large corporations to electrify 75% of their new cars in 2030, with Made-in-EU requirements, could lead to an additional 1.2 million locally produced EVs by 2030.

    1. Why the EC should ask companies to lead on electrification

    The European Commission is preparing a legislative proposal on Clean Corporate Vehicles. This law is expected to set binding electrification targets on corporate cars – either on Member States or on large companies.

    1.1. Companies benefit from tax breaks when owning an electric car

    There are good reasons for the Commission to ask companies to lead Europe’s switch to electric: when companies buy or lease a car, they benefit from fiscal advantages that are not available to private buyers. Examples are VAT deductions, depreciation write-offs and Benefit-in-Kind.

    In 23 out of 27 Member States, companies receive more benefits than private consumers when owning an electric car. T&E analysis shows that the average EU corporate tax relief for an EV buyer is €1,508 yearly. In Germany, where corporate EV tax benefits are among the highest, this goes up to €3,505 per year, or €14,020 over a typical ownership period of four years. Companies benefit from public money when owning an electric vehicle and should therefore drive the EU’s efforts in decarbonising road transport and boost demand for electric vehicles.

    1.2. Only in three EU countries the corporate car market is clearly leading on electrification

    Despite these fiscal benefits, companies are not clearly outpacing the private market in terms of electrification. This is partly due to the tax benefits that polluting company cars continue to receive. In only three EU countries the corporate market is significantly steering the adoption of BEVs (Belgium, Luxembourg, Netherlands). In large car markets such as Germany, France, Spain or Italy, their performance is underwhelming. Countries that have introduced structural fiscal reforms have a much higher corporate car electrification share. Since 2021, Belgium progressively phased out the fiscal deductibility for fossil fuel vehicles, creating a clear and growing incentive for BEV uptake. This has resulted in corporate BEV registrations of over 54% in the first half of 2025 (compared to 9% in the private market).

    2. Electrifying corporate fleets brings more benefits for EU automotive industry

    2.1. Companies buy more Made-in-EU EVs

    Looking at the registration data of the first half year of 2025, companies tend to prefer purchasing more EVs that are made-in-EU than private households (73% against 63% for private buyers). Made-in-EU is defined as vehicles for which the final assembly line is located in the EU-27 (i.e. EVs of European brands that are produced in China and imported into the EU are not counted as Made-in-EU). Due to their high market share – 60% of new cars are corporate – and higher preference, there are 2.2 times more Made-in-EU electric cars registered by companies than private: 403,000 compared to 184,000 in just the first half of 2025.

    2.2. What are the most popular EV models in the corporate and private market?

    This trend is also reflected when zooming in on the most popular EV models for both the corporate and private segment: Made-in-EU EVs currently dominate the business segment, with 13 out of the 15 most popular models manufactured in the EU. For private buyers, these numbers are telling a different story: only 10 out of 15 top-selling models are EU made (see annex in full briefing attached on the left side of this page).

    This gap becomes even more apparent when zooming in on the market share of the top 15 models that are not Made-in-EU (see figure below): for the corporate segment, the non Made-in-EU models (Tesla Model 3 and the Kia EV3), account for only 10% of the best-selling corporate EV sales in the first half of 2025. For the private segment, this is 32%.

    3. How EU fleet targets can further boost demand for made-in-EU EVs

    As T&E analysis confirms, companies currently have a higher preference for a Made-in-EU vehicle when purchasing an EV. Nevertheless, there is still a lot of untapped potential, as companies are currently not clearly leading on electrification (see Section 1). In order to assess the additional benefits of the forthcoming EU Clean Corporate Vehicles legislation on Made-in-EU EV production, we have analysed the impact of EU fleet targets on the demand for EVs produced in the EU under two scenarios.

    • Business as usual: without any obligations on corporate vehicles and under today’s market conditions and CO2 standards (Regulation 2019/631), we expect 13.1 million Made-in-EU electric vehicle sales between 2026 and 2030.

    • Binding electrification targets on Member States (only affecting large companies): in this scenario, the European Commission proposes binding ZEV-purchasing targets on large companies (+250 employees) as part of the Clean Corporate Vehicles legislation: 50% of new large company registrations by 2028, and 75% by 2030 have to be zero emission vehicles, with a requirement that at least 90% of the targeted corporate cars must be Made-in-EU. These targets would increase the demand for additional made-in-EU electric cars by 1.2 million, bringing total production to 14.3 million vehicles. For illustration: the total production of the VW Wolfsburg plant in 2024 (all powertrain types) reached 521,000 units.

    Being Europe’s largest manufacturing country, the benefits for electric car production in Germany are particularly big. Results for Germany can be found in the annex.

    This potential increase is crucial for Europe. It proves the CCV initiative is essential for growing the European manufacturing scale and keeping our domestic EV supply chain competitive. It achieves this industrial boost without needing to raise the ambition of current CO2 emission standards.

    4. Policy recommendations

    To fully unlock the potential of the corporate car market to drive both the clean transition and the competitiveness of European car manufacturers, the European Commission should:

    • 1

      Propose a Regulation on Clean Corporate Vehicles: corporate fleets make up 60% of new cars and therefore have a lot of potential for both decarbonisation and European car manufacturing. Today, however, the corporate segment is not really leading on electrification in most Member States, despite existing tax benefits and incentives.

    • 2

      Include ambitious, binding ZEV-targets: the Regulation must set ambitious, binding Zero-Emission Vehicle (ZEV) targets on Member States. When designing national policies, SMEs should be exempted from any requirements to obtain the targets. Instead, Member States should aim their measures at large companies (+250 employees) in order to tap into the industrial potential of corporate vehicles while limiting the impact on European businesses.

    • 3

      Introduce local content requirements: this legislation should also include Made-in-EU requirements to further boost domestic EV production. By doing so, the Commission should clearly define what Made-in-EU EVs and batteries are and set up a transparent methodology rewarding Made-in-EU EVs, batteries, key components and materials.

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  • Gary Lineker takes The Rest is Footbal podcast to Netflix for 2026 World Cup

    Gary Lineker takes The Rest is Footbal podcast to Netflix for 2026 World Cup

    Lineker had originally been due to front coverage of the tournament for the BBC, but he announced in May he’d be leaving the corporation earlier than planned following an antisemitism row.

    The visualised podcast, which is hosted by Lineker, Alan…

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  • F1 – 2025 Abu Dhabi GP Schedule of Press Conferences

    F1 – 2025 Abu Dhabi GP Schedule of Press Conferences

    F1 – 2025 Abu Dhabi GP Schedule of Press Conferences

    DATE

    TIME

    DRIVER / TEAM MEMBER

    Thursday, 4 December

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  • Clinical Experience And Pitfalls In Using Glycyrrhizic Acid For Treati

    Clinical Experience And Pitfalls In Using Glycyrrhizic Acid For Treati

    Introduction

    Anogenital warts (AGW) are one of the most common manifestations of human papillomavirus (HPV) infection.1 HPV is non-enveloped virus, approximately 50 nm in size, with a circular double-stranded DNA genome.2 The most prevalent HPV…

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  • Ingka Group spotlights co-workers on International Day of Persons with Disabilities

    Ingka Group spotlights co-workers on International Day of Persons with Disabilities

    To mark UN International Day of Persons with Disabilities, five Ingka Group co-workers across its retail operations, from Portugal to the Netherlands and China shared their experiences, why inclusion matters and why accessibility is essential. Their reflections help Ingka Group listen, learn and continue improving on its journey to be disability inclusive.

    “At Ingka Group, we believe every co-worker is a talent and we want every co-worker to feel they can be their full selves at work. These stories from our colleagues around the world, remind us that disability is part of the human experience, visible or invisible, temporary or permanent, and that inclusion is something we build together every day,” says Buks Akinseye, Global Equality, Diversity & Inclusion Manager, Ingka Group.

    “We are on the way and continue to take steps to strengthen accessibility and disability inclusion. This includes developing and piloting global accessibility standards in our workplaces, offering workplace adjustments so people can work at their best, and working with organisations such as the Valuable 500 and the Business Disability Forum to further strengthen our approach. We are also improving customer experiences and embedding accessibility into our digital and product range across markets. Our journey continues, and we remain committed to creating a better everyday life that includes everyone,” he adds.

    Monique in the Netherlands, rebuilding her life after a brain haemorrhage; Madalena in Portugal, challenging assumptions about blindness in the workplace; Liu in China, thriving with hearing loss thanks to redesigned workflows. Their stories reflect Ingka Group’s belief that every co-worker is a talent and the company’s ambition to create a place where everyone feels a sense of belonging.

    Monique, Sales Co-worker, IKEA Netherlands

    After a brain haemorrhage paralysed my right side, I spent two years in rehabilitation before returning to IKEA. My old role had physical demands I could no longer meet, and I became more sensitive to noise and stimuli. My colleagues, with the best intentions, tried to protect me by taking over my tasks. They were afraid I wouldn’t be able to handle them.

    I appreciated their support, but I also wanted the chance to discover my own limits and strengths again. Once we started having those conversations, everything changed. My team learned when to step in and when to not, and their support is everything. Some days are tough, but my willpower is tougher.

    Liu, Fulfilment Operations Co-worker, IKEA China

    Living with hearing loss, communication used to be a barrier in other workplaces. Losing my hearing gradually from childhood meant adapting constantly, and it shaped how I understood myself and what I thought I could do. Joining IKEA in 2024 was a turning point, because my team welcomed me warmly and made sure I never faced tasks or communication alone. Having a buddy to guide me, a manager who checked in, and colleagues who cared gave me confidence I hadn’t felt in other workplaces.

    At IKEA, my team redesigned walkways, created a digital handover tool and made sure I always felt included. The redesigned walkways and the digital handover tool weren’t just practical solutions; they showed me that accessibility was taken seriously. Over time, I grew more independent, took on new responsibilities, earned my forklift licence, and even began helping customers at the pickup counter. I worried people thought I couldn’t handle the job, but with the right support and tools, I’m as capable as everybody else.

    Sherry, Resolutions Generalist, IKEA China

    After facing discrimination in past jobs due to scoliosis and chronic pain, joining IKEA changed everything, from accessible facilities to a caring team that believed in me. I grew up in the countryside, and after a serious fall as a child, the long-term pain and visible impact on my posture affected how people treated me in previous workplaces. One manager even stopped me from meeting customers because of how I looked, and that broke my spirit.

    But at IKEA, from my very first interview, I felt respect and fairness, no assumptions, just care. On day one, I noticed barrier-free restrooms, adjustable desks, and a team that truly supported me. My buddy checked in, my manager cared, and I began to thrive. Today, my productivity matches my colleagues’, customers praise my work and speaking on stage at our annual kick-off for the new financial year, filled me with pride. To anyone facing struggles: don’t give up. Keep a positive mindset, and you’ll find your path.

    Florence, Product Specialist, IKEA France

    I’m passionate about disability inclusion. In 2012–2013, I was diagnosed with Crohn’s disease, arthritis, and later, autism. It was a difficult period, and I took nearly a year of sick leave to focus on my health. When I was ready to return, IKEA supported my transition into a role that better suited my needs. Today, I work mostly remotely, thanks to flexible arrangements and a caring team.

    Living with invisible conditions can be challenging. People don’t always understand what they can’t see, and assumptions can quickly take hold. That is why I advocate for more awareness around neurodivergence and accessibility. I’ve heard comments suggesting that people with disabilities are less productive or receive unfair advantages and we need to challenge that thinking. Try to let go of the idea that people with disabilities are less productive or need help with everything. Let’s all uphold values of compassion, whether with colleagues or customers.

    Related links:

    • Better lives | Ingka Group – People are at the heart of everything we do. From gender equal pay to inclusive workplaces. We want to take a leading role in creating a fairer and more equal society and to improve the lives of the millions of people that interact with, or are impacted by, our company.

     

    *World Health Organization – World Health Organization

     

    About Ingka Group 

    With IKEA retail operations in 31 markets, Ingka Group is the largest IKEA retailer and represents 87% of IKEA retail sales. It is a strategic partner to develop and innovate the IKEA business and help define common IKEA strategies. Ingka Group owns and operates IKEA sales channels under franchise agreements with Inter IKEA Systems B.V. It has three business areas: IKEA Retail, Ingka Investments and Ingka Centres. Read more on Ingka.com.

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  • UNGA adopts resolution demanding Israeli withdrawal from occupied Palestinian territory – World

    UNGA adopts resolution demanding Israeli withdrawal from occupied Palestinian territory – World

    The UN General Assembly (UNGA) on Tuesday adopted a resolution calling for the withdrawal of Israeli forces from the occupied Palestinian territory, with Pakistan, which voted in favour of the text, reiterating that Palestinians must be allowed…

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  • Yango, InDrive grilled over driver harassment claims

    Yango, InDrive grilled over driver harassment claims

    Federal Ombudsperson demands proof of safety, anti-harassment protocols, compliance with workplace harassment law

    Yango Pakistan and InDrive Pakistan, two…

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  • The 20 best songs of 2025 | Music

    The 20 best songs of 2025 | Music


    20

    Little Simz – Flood ft Obongjayar and Moonchild Sanelly

    Over a pared-back post-punk beat, Simz details her life’s “genius plan”, namely “being free as I can”. The first half is spent detailing the roadblocks she’s faced in her…

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  • Gastroenterologist says unexplained diarrhoea and constipation are red flags of colon cancer; shares 4 symptoms

    Gastroenterologist says unexplained diarrhoea and constipation are red flags of colon cancer; shares 4 symptoms

    Published on: Dec 03, 2025 01:32 pm IST

    If you are in your 30s, watch out for these four most telling signs of colon cancer, as mentioned by gastroenterologist Dr Salhab.

    If you’ve noticed blood in your stool or your bowel habits…

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  • An eco obscenity: Norman Foster’s steroidal new skyscraper is an affront to the New York skyline | Architecture

    An eco obscenity: Norman Foster’s steroidal new skyscraper is an affront to the New York skyline | Architecture

    Among the slender needles and elegant spires of the Manhattan skyline, a mountainous lump has reared into view. It galumphs its way up above the others, climbing in bulky steps with the look of several towers strapped together, forming a dark, looming mass. From some angles it forms the silhouette of a hulking bar chart. From others, it glowers like a coffin, ready to swallow the dainty Chrysler building that trembles in its shadow. It is New York’s final boss, a brawny, bronzed behemoth that now lords it over the city with a brutish swagger.

    Fittingly, this is the new global headquarters of JP Morgan, the world’s biggest bank. The firm enjoys a market capitalisation of $855bn (£645bn), more than Bank of America, Wells Fargo and Citigroup’s combined, and it looks as if it might have swallowed all three inside its tinted glass envelope. Last year, for the first time, it made more than $1bn a week in profits. Chairman and chief executive Jamie Dimon likes to boast of its “fortress balance sheet”, and he now has an actual fortress to go with it – built at a cost, he revealed at the opening, of around $4bn. He has certainly made his mark. It would be hard to design a more menacing building if you tried.

    The Brobdingnagian pile is the work of Foster+Partners, led by the 90-year-old Norman Foster, who is no stranger to penning extravagant bank headquarters. His HSBC tower in Hong Kong was the world’s most expensive building when it opened in 1986, standing as a costly essay in structural redundancy, with a stack of steel suspension bridges bolted to its facade. It was described by one former partner as “a sledgehammer to crack a nut”. In comparison, the JP Morgan tower is like using a bronze-plated bulldozer to puree a pea.

    Exploding … steel columns at street level. Photograph: Nigel Young/Nigel Young, courtesy of Foster + Partners.

    The sheer amount of structural steel – 95,000 tonnes in total – is obscene for a building that contains just 60 storeys in its 423-metre height, half the number of floors you might expect in such a colossus. It uses 60% more steel than the Empire State Building, which is taller and has more square footage. One leading engineer calculated that if the steel was flattened into a belt (30mm wide by 5mm thick), it would wrap the world twice – an apt symbol of the bank’s throttling global domination.

    If the building is a bullying affront to the skyline, it is just as domineering at street level. It erupts from the sidewalk with gargantuan bunches of steel columns that fan out at each corner, clutching the base of the tower like Nosferatu fingers. Positioned to dodge train tracks below, the columns splay out to hold the building’s swollen mass ominously above new strips of privately owned “public space”, where shallow steps and planters look designed to deter lingering. To the west, on Madison Avenue, the building greets the street with an incongruous cliff face of carved granite boulders. This, it turns out, is an artwork by Maya Lin, who has achieved the impressive feat of making real stone look like fibreglass scenery from Disney’s Frontierland, complete with morsels of mossy garnish clinging to the cracks.

    On the other side of the block, along Park Avenue, the security guards will let you peer through the windows to admire a US flag hanging from a 12-metre high bronze flagpole at the top of a staircase in the lobby, which, in another surreal twist, flutters in an artificial indoor breeze. It is a rare artwork by Lord Foster himself, who intended the flag’s movement to reflect the wind conditions outside. On the calm, still day of my visit, it was billowing at a stiff clip. In this “city within a city”, JP Morgan gets to dictate the weather it wants.

    Inside, everything is colossal. Great walls of fluted travertine, sourced from a single quarry in Italy, rise up through the 24-metre-high lobby, flanking a grand travertine staircase framed by a pair of huge Gerhard Richter paintings. Banks of elevators shuttle the 10,000 workers up into a vertical office-wellness universe, complete with a 19-restaurant food court (with kitchen-to-desk delivery), a hair salon, meditation rooms, fitness centre, medical clinic and a pub. The column-free office floors are fitted with circadian rhythm lighting, creating a carefully calibrated environment, detached from the outside world in the manner of a Las Vegas casino, in the hope that employees might never leave their desks. Dimon is serious about getting everyone back to the office full-time, despite the pleas of his staff. This is his machine to crush the hybrid-working movement once and for all.

    Surreal twist … the lobby flag that blows in an artificial breeze. Photograph: Nigel Young/Nigel Young, courtesy of Foster + Partners.

    The ceiling heights may be lofty (adding many more cubic metres of air to heat and cool), but when an image of the new trading floors was posted on social media, condemnation was swift. Comparisons were made to factory-farmed chickens, Chinese sweatshops, and the very 1950s cellular office space that open-plan layouts are intended to avoid. A conspicuous steel truss zigzagging through the space somewhat undermines the “column-free” claims, and raises questions over the building’s structural logic. One engineer who has studied the plans notes that adding a few more columns and reducing the spans by a couple of metres could have reduced the building’s carbon footprint by 20-30%. But then Foster and Dimon wouldn’t have got the heroic, protein-fuelled steelwork they so desired, slicing its way through the building in monumental Vs.

    Beyond the structural braggadocio, they were also keen to dial up the theatrics by night. Every evening, for miles around, New Yorkers can now gaze in wonder and horror as the tower’s summit transforms into a glittering crown, bubbling with twinkling lights that rise up the facade like a supersized flute of champagne. It is the work of Leo Villareal, who recently illuminated the Thames bridges. Sometimes, the throbbing diamond shape adds an inescapable Eye of Sauron vibe. At other moments, it appears to shift into a pulsating yonic void.

    Vajazzled steeple aside, what makes the tower’s pumped-up extravagance so galling is that it saw a perfectly good office building needlessly bulldozed. The 52-storey Union Carbide headquarters, built in 1960 as the celebrated work of Natalie de Bois at SOM, stood as a sleek, Miesian monolith. It had even undergone a full refurbishment and environmental upgrade in 2012 – trumpeted by JP Morgan at the time as “the largest green renovation of a headquarters building in the world”. Just seven years later, at the hands of the same ruthless bank, it became the tallest building ever to be intentionally demolished. To be replaced by something almost twice the height, but with just eight extra floors.

    A touch of Vegas casino … a carefully calibrated enviroment detaches employees from the outside world. Photograph: Nigel Young/Nigel Young, courtesy of Foster + Partners.

    The reason this happened, beyond ego and greed, can be traced to a 2017 zoning change. There had been a growing fear among landlords in East Midtown that the area was losing its lustre as the world’s pre-eminent business address. Office tenants were flocking west, to the glistening new shafts of Hudson Yards, in what is known, in real estate lingo, as the “flight to quality”. The city’s solution, in a shortsighted act of self-sabotage, was to allow Midtown to shape itself after the soulless corporate wasteland of Hudson Yards. Incentives were introduced to encourage demolition, including allowing the sale of unused “air rights” from landmarked buildings within the 78-block area. This means that historical structures that didn’t fill the maximum bulk allowed on their plots could sell their unused potential to others. JP Morgan acquired 65,000 square metres of air rights from Grand Central station, and 5,000 square metres from St Bartholomew’s church nearby, allowing it to inflate its size far beyond the usual limits.

    What few might have predicted is the cumulative effect that unleashing this scale of development might have. The JP Morgan tower is not a one-off, but merely the first of a whole new breed of steroidal supertalls. An even bigger 487-metre high, 62-storey tower was recently granted permission at 350 Park Avenue nearby, also designed by Foster+Partners as another bunch of towers strapped together, with the look of a discount bulk-buy. SOM won permission for a similarly sized monster at 175 Park Avenue, set to pierce the ground with more fans of columns converging to a point. This part of Midtown will soon resemble a huddle of bloated bankers squeezed into stilettos, casting ever longer shadows down the canyons of Manhattan and obliterating views of the city’s cherished peaks, while crushing a generation of handsome, usable buildings beneath them.

    From a distance, across the pond, you might care little about the fate of New York. It is a place long shaped by the forces of unbridled capital, where form follows finance and landowners get to build “as of right”, citizens be damned. But Foster’s bronze goliath is a prelude of what might soon come to London, on an even bigger scale. Last week, JP Morgan announced that it will begin work on a 280,000 square metre European headquarters in Canary Wharf – by far the biggest office building in the capital, containing more space than the Shard, Gherkin and Walkie-Talkie combined. The design, also by Foster+Partners, has only been teased with a glimpse of a ground-level corner, showing some curved bronze fins wrapping a bulging glass drum. Brace yourselves for what’s out of shot.

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