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Company car benefits continue shifting in a volatile environment

Findings from the 2022 Company Car Benefits Survey Report

Compensation Strategy & Design
Beyond Data

June 7, 2022

Fuel prices, manufacturing delays, remote work and tighter environmental standards raise questions about the value of company car programs.
Findings from the 2022 Company Car Benefits Survey Report

Fluctuations in fuel and electric prices, manufacturing delays, increased remote work and tighter environmental standards are raising more questions about the value of company car programs. WTW surveyed organizations across 78 countries to the actual changes planned among organizations that intend to review their company car benefits policy in the next 12 months. Legend: Asia Pacific (APAC) Latin America (LATAM) Central and Eastern Europe (CEE) Middle East and Africa (MEA) Western Europe (WEST) Around the world, organizations will introduce more environmentally friendly vehicles to their fleets Global 26% WEST 46% CEE 23% APAC 14% MEA 12% LATAM 12% They also will increasingly introduce CO2 emission ceilings on their vehicles WEST 36% CEE 14% APAC 10% MEA 4% LATAM 1% Global 17% In fact, globally there was an average increase of 10 percentage points in organizations planning to introduce such ceilings. This likely is in response to tightening environmental standards and organizations’ increasing interest in actions to help curb climate change 2021 Global 7% 2022 Global 17% Organizations will continue reviewing the car makes and models they offer Global 60% LATAM 77% CEE 76% WEST 56% MEA 55% APAC 7% EMEA-based organizations increased their review of car makes and models the most, jumping 29 percentage points in 2022 from last year 2021 EMEA 33% 2022 EMEA 62% Decisions are also being made on who is eligible for a company car, with some organizations removing eligibility altogether for selected roles or employee categories MEA 0% CEE 4% WEST 4% Global 5% APAC 10% LATAM 12% And some organizations will introduce choice between a company or a cash allowance among employees eligible for a car based on their status LATAM 2% CEE 5% Global 10% WEST 14% APAC 15% MEA 16% Others will introduce choice between a company car and a cash allowance for employees eligible for a car because of their job needs MEA 1% APAC 4% LATAM 4% CEE 4% Global 7% WEST 14% Source: 2022 Company Car Benefits Survey. Based on averages across 78 countries surveyed. Country-specific results are available as well.

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