In 2023, the total support for fossil fuels in transportation in Germany was $992.50 million. Between 2023 and 2028, the forecast indicates a steady decline with the total amount shrinking from $981.47 million in 2024 to $927.18 million by 2028. The percentage decreases year-on-year are gradual, averaging around -1.38% annually, calculated over this five-year span.
Future trends to watch for include:
- Potential breakthroughs in renewable energy technologies that may accelerate the decline of fossil fuel support.
- Government policy changes and environmental regulations pushing for faster transition away from fossil fuels.
- Increasing consumer preference for sustainable transportation options impacting fossil fuel demand.