The road transport-related tax revenue in the UK, expressed as a percentage of environmental tax revenue, is projected to experience modest growth from 2024 to 2028. From an actual value in 2023, these revenues demonstrate a stable growth path with minimal fluctuations. Year-on-year growth remains under 0.1% over the relevant period, requiring a keen eye for a modest compound annual growth rate over five years, indicating a steadily increasing contribution.
Future trends to watch include:
- Impact of electric vehicles on fuel duty and road tax revenues.
- Policy shifts towards environmental taxation.
- Infrastructure investment and its influence on transport tax revenue.
