The European environmentally related tax revenue from the manufacturing of motor vehicles, trailers, and semi-trailers displays varied trends across countries. In 2023, France led with significant growth at 5.79%, followed by the Netherlands with a remarkable 7.47% increase. The Czech Republic also showed a substantial rise of 9.27%. Conversely, Italy saw a decline of 2.08%, indicative of a reduction in tax revenue from pollution-related activities. The decline was sharper in Denmark (-6.46%) and Latvia (-7.76%). Overall, the Compound Annual Growth Rate (CAGR) offers insights into the 5-year growth trajectory, illustrating robust growth in some nations, while others have seen reductions.
Future trends to monitor in this sector include the growing adoption of green technology and stricter environmental regulations, which could influence tax revenues significantly. Shifts towards electric vehicles and more sustainable manufacturing practices are likely to impact how these taxes evolve. Additionally, economic factors and policy changes in Europe could lead to fluctuating trends in tax revenues collected from pollution-related sources in the automotive manufacturing industry.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Manufacturing of Motor Vehicles, Trailers and Semi-Trailers by Country
| # | 10 Countries | Million US Dollars PPP = 2015 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 8.67 | 2023 | +4.42% | +5.79% | View data |
| 2 | 2 Hungary | 6.35 | 2023 | +1.14% | +0.98% | View data |
| 3 | 3 Netherlands | 3.4 | 2023 | +2.4% | +7.47% | View data |
| 4 | 4 Spain | 3.33 | 2023 | +10.89% | +3.68% | View data |
| 5 | 5 Italy | 2.91 | 2023 | -0.41% | -2.08% | View data |
| 6 | 6 Czech Republic | 1.4 | 2023 | +4.26% | +9.27% | View data |
| 7 | 7 Serbia | 0.69 | 2023 | +0.13% | -2.7% | View data |
| 8 | 8 Denmark | 0.31 | 2023 | +0.1% | -6.46% | View data |
| 9 | 9 Switzerland | 0.061 | 2023 | -1.41% | -1.24% | View data |
| 10 | 10 Lithuania | 0.043 | 2023 | +2.66% | +1.18% | View data |
