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Friday, December 9, 2022
HomeOpinionVans contribute €786 billion to the European economy

Vans contribute €786 billion to the European economy

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This amount exceeds the GDP of Norway, a country rich in oil and natural gas (€407.7 billion), while it is almost equivalent to that of Switzerland

THE Ford Proreveals after research carried out on its behalf that if Europe’s van-based businesses were a country, it would be the eighth largest in Europe based on Gross domestic Product (GDP).

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Vans supported an estimated €786 billion in economic activity across Europe in 2021. This figure exceeds the GDP of oil and gas-rich Norway (€407.7 billion) and is almost equivalent to of Switzerland which is a well-known banking center and hub for luxury goods (802.8 billion euros).

According to the survey, which looked at the economic contribution of van-based businesses, Germany was the biggest market in Europe for activities related to these vehicles, with an estimated added value of almost €206 billion in 2021. Vans have contributed over €200 billion to the German economy in the past three years.

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As many businesses have begun the transition from diesel to pure electric vehicles, the research showed that car van operators in Europe’s biggest markets directly contributed up to €15.3 billion to public coffers in 2021 through fuel taxation. In the United Kingdomwhich had the highest duty rate, van operators contributed €5.4 billion, accounting for almost a fifth of total fuel tax receipts.

RES-EMP

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Terrance
Terrance
I am Terrance Carlson, author at News Bulletin 247. I mostly cover technology news and I have been working in this field for a long time. I have a lot of experience and I am highly knowledgeable in this area. I am a very reliable source of information and I always make sure to provide accurate news to my readers.

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