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Company cars across Europe have demonstrated a continued reduction in CO2 emissions, according to a new report called the Key Solutions CO2 Assessment.
Published by GE Capital, the report revealed that the overall reduction achieved between 2010 and 2012 in 11 European countries is in excess of 13,141,300 tonnes - more than the CO2 produced by a coal-fired power plant over three years.
Germany tops the countries that reduced emissions followed by the UK, which dropped CO2 by 2,547,856 tonnes, avoiding ?1.3bn (£1.1bn) in fuel costs.
It estimated that, had fuel efficiency remained at 2009 levels, the fleet sector would have spent ?6.2bn (£5.4bn) more on fuel between 2010 and 2012.
Alex Barbereau, EU accounts and consultancy director, GE Capital, said: "Our research shows a continued reduction in the CO2 emissions from company cars across Europe.
"This is reflective of the improved fuel efficiency of new vehicles and, also, an ongoing focus on greener car policies.
"However, when our previous European CO2 assessment was published in 2011, fuel accounted for 21% of the total cost of ownership and today this figure stands at 26%.
"Therefore, fleet managers have both an environmental and commercial incentive to achieve further reductions."
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