In 2023, France led the European environmentally related tax revenue in manufacturing motor vehicles with approximately $33.75 million, showing a modest 0.28% increase from the previous year. Germany followed closely with $30.5 million but saw a decline of 2.01%. The United Kingdom and Italy also held significant shares, though Italy experienced a decrease of 2.76%. Notable gains included Sweden with a 0.57% increase and Belgium with 0.91%. Meanwhile, countries like Austria, Denmark, and Greece saw significant drops, particularly Denmark at -9.88% and Greece at -11.56%.
Future trends to watch include:
- The increasing emphasis on green initiatives which might alter tax policies and significantly impact revenue streams.
- Shifts in manufacturing locations within Europe due to economic and environmental regulations.
- Advancements in green technology that could reduce the environmental tax burden in some countries.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Manufacturing of Motor Vehicles, Trailers and Semi-Trailers Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 33.75 | 2023 | +2.66% | +0.28% | View data |
| 2 | 2 Germany | 30.5 | 2023 | -1.75% | -2.01% | View data |
| 3 | 3 United Kingdom | 13.11 | 2023 | +0.046% | +0.018% | View data |
| 4 | 4 Italy | 11.54 | 2023 | +0.55% | -2.76% | View data |
| 5 | 5 Czech Republic | 3.87 | 2023 | +0.085% | -0.8% | View data |
| 6 | 6 Poland | 1.82 | 2023 | -1.25% | -3.66% | View data |
| 7 | 7 Sweden | 1.8 | 2023 | +2.1% | +0.57% | View data |
| 8 | 8 Belgium | 1.24 | 2023 | +1.81% | +0.91% | View data |
| 9 | 9 Ireland | 0.58 | 2023 | +4.45% | -2.82% | View data |
| 10 | 10 Austria | 0.49 | 2023 | -6.11% | -6.77% | View data |
