The United Kingdom leads in environmentally related tax revenue from transport taxes within the sector, with a significant figure compared to other European nations. France and Norway follow, though Norway showed a slight decline, while other countries like Switzerland and Portugal experienced positive growth in 2023. Notably, countries such as Romania and Cyprus faced drastic declines, with Romania seeing almost a 20% decrease. Looking at the five-year average, Switzerland and Portugal demonstrate strong growth, whereas Bulgaria and the Nordic countries showed fluctuation, with Iceland witnessing a significant drop in 2023.
Future trends to watch involve the increasing adoption of electric vehicles and tightening EU environmental regulations, potentially affecting tax revenues. Countries with aggressive green initiatives, such as the Netherlands and Portugal, may experience continued growth, while others might witness challenges as they adapt to new transportation technologies and consumer behaviors.
Top countries in Environmentally Related Tax Revenue from Taxes on Transport in Wholesale and Retail Trade and Repair of Motor Vehicles and Motorcycles Share by Country (Million US Dollars PPP = 2015)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 25.57 | 2023 | +1% | +0.72% | View data |
| 2 | 2 France | 12.47 | 2023 | +2.04% | +0.15% | View data |
| 3 | 3 Norway | 11.81 | 2023 | -2.15% | -2.24% | View data |
| 4 | 4 Netherlands | 7.96 | 2023 | +5.92% | +2.07% | View data |
| 5 | 5 Portugal | 6.55 | 2023 | +5.33% | +3.93% | View data |
| 6 | 6 Belgium | 5.63 | 2023 | +1.61% | +1.66% | View data |
| 7 | 7 Switzerland | 5.02 | 2023 | +6.13% | +19.34% | View data |
| 8 | 8 Austria | 3.88 | 2023 | +3.53% | +3.72% | View data |
| 9 | 9 Slovenia | 3.68 | 2023 | +9.09% | +2.3% | View data |
| 10 | 10 Denmark | 3.17 | 2023 | +1.15% | -0.92% | View data |
