In 2023, the United Kingdom led the European environmentally related tax revenue from taxes on transport in the repair and installation of machinery and equipment, with a significant value of 40.74 Million US Dollars, followed by France at 27.95 Million US Dollars. Germany and Denmark occupied the third and fourth positions respectively, with tax revenues slightly growing despite previous year variations. Notably, Hungary exhibited a substantial increase of 37.58% in 2023, reflecting a robust upward trend. In contrast, Greece experienced the steepest decline at -7.92% during the same period.
Future trends to watch for involve the intensification of green policies and the potential impact of evolving EU legislation aimed at curtailing emissions. Market dynamics may shift as technology in machinery and transport develops towards greater efficiency and sustainability. The emphasis on circular economies could further influence tax revenue trends in these sectors across European countries.
Top countries in Environmentally Related Tax Revenue from Taxes on Transport in Repair and Installation of Machinery and Equipment by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 40.74 | 2023 | +5.4% | +3.3% | View data |
| 2 | 2 France | 27.95 | 2023 | +2.12% | -0.9% | View data |
| 3 | 3 Germany | 7.49 | 2023 | -0.62% | +0.23% | View data |
| 4 | 4 Denmark | 5.86 | 2023 | -1.57% | -2.55% | View data |
| 5 | 5 Switzerland | 4.64 | 2023 | +1.58% | +0.91% | View data |
| 6 | 6 Norway | 3.13 | 2023 | +2.98% | +0.36% | View data |
| 7 | 7 Austria | 2.97 | 2023 | +3.35% | +3.02% | View data |
| 8 | 8 Ireland | 2.48 | 2023 | +9.3% | -5.8% | View data |
| 9 | 9 Poland | 1.99 | 2023 | -0.46% | -0.66% | View data |
| 10 | 10 Greece | 1.47 | 2023 | -8.91% | -7.92% | View data |
