The tax expenditure on natural gas for transportation shows significant variability across countries. In 2023, Brazil led with $250.24 million, followed by France at $234.04 million, while the United States experienced a 17.39% increase, reaching $66.94 million. Finland's expenditure remained stable, while Australia saw a 4.8% decline. Lithuania, Greece, and Italy reported moderate growth, with Greece showing a 15.63% increase. Switzerland and Ireland had minor fluctuations, with Ireland indicating notable growth of 11.19%.
Future trends to watch include the potential impact of evolving energy policies, technological advancements in transport, and international climate commitments on the tax expenditure for natural gas in transportation. Increasing demand for sustainable and alternative fuels might affect these investments, with variations likely to emerge across different geographic regions. Monitoring shifts in government incentives and markets’ adaptation to global energy trends will be crucial.
Top countries in Tax Expenditure on Natural Gas for Transportation by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Brazil | 250.24 | 2023 | -0.71% | -3.73% | View data |
| 2 | 2 France | 234.04 | 2023 | +2.97% | +3.64% | View data |
| 3 | 3 United States | 66.94 | 2023 | +3.45% | +17.39% | View data |
| 4 | 4 Finland | 13.41 | 2023 | +19.36% | View data | |
| 5 | 5 Australia | 9.45 | 2023 | +2.02% | -4.8% | View data |
| 6 | 6 Lithuania | 3.34 | 2023 | +7.96% | +5.01% | View data |
| 7 | 7 Greece | 2.31 | 2023 | +1.8% | +15.63% | View data |
| 8 | 8 Switzerland | 2.1 | 2023 | -4.63% | -2.77% | View data |
| 9 | 9 Italy | 1.68 | 2023 | +0.54% | +5.28% | View data |
| 10 | 10 Ireland | 0.21 | 2023 | +5.03% | +11.19% | View data |
