In 2023, France led the European market for environmentally related tax revenue in the manufacturing of motor vehicles, trailers, and semi-trailers with $818.36 million, followed by Germany at $739.5 million. Notably, both countries showed contrasting trends: France experienced a slight 0.28% increase, while Germany decreased by 2.01%. Significant declines were noted in smaller economies, such as Bulgaria, with a 33.02% drop. Over the past five years, the compound annual growth rate (CAGR) highlights France and Belgium as resilient in maintaining or growing tax revenue in this sector.
Looking ahead, the shift towards sustainable transportation solutions will significantly impact tax revenues. The adoption of clean energy technology and stricter environmental regulations are expected to influence revenue distribution among countries. Monitoring advancements in electric vehicle (EV) manufacturing and related tax incentives will be crucial for assessing future trends across the European automotive sector.
Top countries in Environmentally Related Tax Revenue from All Environmental Taxes in Manufacturing of Motor Vehicles, Trailers and Semi-Trailers by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 818.36 | 2023 | +2.66% | +0.28% | View data |
| 2 | 2 Germany | 739.5 | 2023 | -1.75% | -2.01% | View data |
| 3 | 3 United Kingdom | 317.92 | 2023 | +0.046% | +0.018% | View data |
| 4 | 4 Italy | 279.72 | 2023 | +0.55% | -2.76% | View data |
| 5 | 5 Czech Republic | 93.81 | 2023 | +0.085% | -0.8% | View data |
| 6 | 6 Poland | 44.03 | 2023 | -1.25% | -3.66% | View data |
| 7 | 7 Sweden | 43.56 | 2023 | +2.1% | +0.57% | View data |
| 8 | 8 Belgium | 30.18 | 2023 | +1.81% | +0.91% | View data |
| 9 | 9 Ireland | 14.14 | 2023 | +4.45% | -2.82% | View data |
| 10 | 10 Austria | 11.86 | 2023 | -6.11% | -6.77% | View data |
