Forecast: Tax Expenditure on End-Use Electricity for Transportation in Italy

The forecast for tax expenditure on end-use electricity for transportation in Italy reveals a gradual upward trend from 2024 to 2028. In 2023, the expenditure stood at approximately 60 million US Dollars. Year-on-year growth is modest, with 2024 projecting a starting point of 61.07 million, increasing annually up to 63.12 million by 2028. The five-year Compound Annual Growth Rate (CAGR) reflects an average yearly increase of around 0.8%.

Future trends to watch include:

  • Technological advancements in electric vehicle efficiency, potentially impacting consumption patterns.
  • Policy shifts regarding renewable energy integration and electric grid modernization.
  • Changes in consumer adoption rates of electric vehicles impacting electricity demand for transportation.

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