Forecast: Climate Change-Related Transport Tax Revenue in the UK

In 2023, the climate change-related transport tax revenue in the UK stood at 250.5 US Dollars Per Capita, PPP=2010. From 2024, a steady forecasted increase is observed, with the revenue expected to rise annually by approximately 1.2% to 1.3% per year, reaching 264.45 by 2028. The compound annual growth rate (CAGR) from 2024 to 2028 is projected at around 0.94%. This indicates a consistent year-on-year growth in per capita terms.

Future trends to watch for include:

  • The potential for policy changes impacting tax rates as governments look to strengthen their environmental commitments.
  • Technological advancements in transport, such as electric vehicles, which may influence tax structures.
  • Shifting consumer behaviors towards sustainable transport options that could alter revenue projections.

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