The global tax expenditure on fossil fuels for transportation varies significantly across countries. In 2024, China leads with significant expenditure, followed by Australia and Italy. European countries like France, Switzerland, and Sweden also maintain noteworthy levels. Developed nations such as the United States and Germany show lower expenditures relative to their industrial capabilities. Over the last year, notable increases occurred in Russia and Belgium, while Brazil and Greece showed substantial declines. The compound annual growth rate over five years highlights strong increases in China and lower trends in Brazil and Spain.
Future trends to watch include potential shifts due to geopolitical tensions, changes in environmental policies, and technological advances in transportation. Nations transitioning to cleaner energy sources or implementing stringent climate policies may see decreasing trends in fossil fuel tax expenditures. Conversely, countries with growing economies and transport demands might experience increased expenditure to meet their energy needs.
Top countries in Tax Expenditure on All Fossil Fuels for Transportation by Country
| # | 10 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 6,920 | 2023 | +6.1% | +6.11% | View data |
| 2 | 2 Australia | 6,300 | 2023 | +4.83% | +3.46% | View data |
| 3 | 3 Italy | 5,970 | 2023 | +5.45% | +2.35% | View data |
| 4 | 4 France | 5,640 | 2023 | +6.68% | +6.45% | View data |
| 5 | 5 Switzerland | 2,330 | 2023 | +11.76% | +0.57% | View data |
| 6 | 6 South Africa | 2,050 | 2023 | +7.54% | +2.46% | View data |
| 7 | 7 Ireland | 1,840 | 2023 | +8.59% | +0.48% | View data |
| 8 | 8 Sweden | 1,530 | 2023 | +0.022% | +7.84% | View data |
| 9 | 9 Argentina | 1,230 | 2023 | -2.23% | -0.29% | View data |
| 10 | 10 Israel | 1,130 | 2023 | +3.63% | +1.08% | View data |
