In 2023, Italy led global tax expenditure on end-use electricity for transportation among the countries analyzed, with a value of 37.68 million US dollars. Germany followed closely, while France lagged behind with a significant margin. The United States and Colombia represented minor shares. A substantial percentage increase of 28.83% was observed in the US from the previous year, signaling a growing focus on electrification in transportation. Italy and France also showed positive growth, whereas Germany and Colombia experienced contractions in expenditure.
Future trends to watch include increasing adoption of electric vehicles, which may spur growth in tax expenditures. Countries investing in renewable energy and infrastructure for electric mobility could lead the next phase of growth.
Top countries in Tax Expenditure on End-Use Electricity for Transportation Share by Country (Million US Dollars, Constant = 2020)
| # | 5 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 37.68 | 2023 | +23.23% | +6.13% | View data |
| 2 | 2 Germany | 36.51 | 2023 | -5.35% | -3.41% | View data |
| 3 | 3 France | 21.54 | 2023 | +9.25% | +7.94% | View data |
| 4 | 4 United States | 0.54 | 2023 | +1.76% | +28.83% | View data |
| 5 | 5 Colombia | 0.056 | 2023 | -4.26% | -2.85% | View data |
