In 2023, Italy led global tax expenditure on residential end-use electricity among the countries analyzed, with an expenditure of $2.14 billion. The United States followed at $0.87 billion, while Canada experienced a substantial increase of 98.71% year-on-year, reaching $0.58 billion. Moldova and Colombia both experienced decreases in tax expenditure, with year-on-year declines of 3.47% and 6.11% respectively. Ireland had a minimal tax expenditure at $0.006 billion, despite a slight decrease of 2.05% from the previous year.
Future trends to watch include potential adjustments in government policies towards renewable energy subsidies and efficiency programs, which could influence tax allocations significantly. The trend of increasing tax expenditures in countries like Canada might continue if similar economic and environmental policies persist.
Top countries in Tax Expenditure on End-Use Electricity for Residential by Country
| # | 6 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 2,140 | 2023 | +6.24% | +8.73% | View data |
| 2 | 2 United States | 873.72 | 2023 | -0.17% | +2.41% | View data |
| 3 | 3 Canada | 575.02 | 2023 | +30.6% | +98.71% | View data |
| 4 | 4 Moldova | 30.66 | 2023 | -2.09% | -3.47% | View data |
| 5 | 5 Colombia | 17.99 | 2023 | -10.26% | -6.11% | View data |
| 6 | 6 Ireland | 5.83 | 2023 | -0.95% | -2.05% | View data |
