Industrial | Work Vehicles

A work vehicle, also known as a company car, is a vehicle owned or leased by a company and used by employees for personal and business travel. A company car for private use may be granted; this is beneficial to both the employer and the employee, as the vehicle can provide advertising for the company, and the tax system can prefer the provision of cars over monetary compensation. The law-enforcement sector is a large sum of participants in the use of company cars, allowing police officers to take home the cars they use while on duty. This practice is prevalent in many regions; however, there is criticism due to increased CO2 emissions, distorted economic competition, and reduction of government tax revenues. Work vehicles that are used for construction and industrial uses are often referred to as heavy equipment.

Text by
Cecile Kim
Updated on

Industrial | Work Vehicles

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