In 2024, Italy leads in global tax expenditure on end-use electricity with $2.2 billion USD, reflecting an 8.64% rise in 2023. The United States and Germany follow with $1.07 billion USD and $0.978 billion USD, expanding by 2.97% and 6.73%. Canada shows the most significant growth at 98.71%, totaling $0.575 billion USD. France, with a $0.261 billion USD expenditure, increased by 7.62%. Conversely, Austria, Colombia, and Moldova recorded declines. Ireland and Greece spent the least, with Greece experiencing a sharp 40.39% decrease.
Future trends to monitor include potential shifts in renewable energy incentives, carbon tax policies, and market volatility impacting consumer electricity costs globally. Furthermore, technological advancements and policy changes will shape expenditure patterns across countries.
Top countries in Tax Expenditure on End-Use Electricity for Consumers by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 2,200 | 2023 | +6.25% | +8.64% | View data |
| 2 | 2 United States | 1,070 | 2023 | -1.24% | +2.97% | View data |
| 3 | 3 Germany | 977.58 | 2023 | +2.78% | +6.73% | View data |
| 4 | 4 Canada | 575.02 | 2023 | +30.6% | +98.71% | View data |
| 5 | 5 France | 260.98 | 2023 | +9.29% | +7.62% | View data |
| 6 | 6 Austria | 65.85 | 2023 | -2.19% | -2.2% | View data |
| 7 | 7 Colombia | 46.24 | 2023 | -9.33% | -5.62% | View data |
| 8 | 8 Moldova | 30.66 | 2023 | -2.09% | -3.47% | View data |
| 9 | 9 Ireland | 11.86 | 2023 | +10.02% | -1.36% | View data |
| 10 | 10 Greece | 0.69 | 2023 | +22.16% | -40.39% | View data |
