The forecast for China's climate change-related transport tax revenue indicates a steady increase from 2024 to 2028. Starting at $75.04 billion in 2024, it is projected to grow to $84.76 billion by 2028, reflecting an average annual increase of around 3.7%. Compared with 2023, the year-on-year growth between 2024 and 2025 is expected to be approximately 3.3%, while between 2026 and 2027, it should be about 3.1%.
Future trends to watch for include:
- Government policy shifts towards more stringent climate goals, potentially increasing tax rates further.
- Technological advancements in transport impacting emission levels and tax modifications.
- Public and private investments in sustainable transport infrastructure that could influence future tax structures.
