Forecast: Tax Expenditure on All Fossil Fuels for Transportation in France

In 2023, France's tax expenditure on all fossil fuels for transportation stood at 5.43 billion USD. The forecast for the period from 2024 to 2028 indicates a steady increase in expenditure: 5.71 billion USD (2024), 5.99 billion USD (2025), 6.27 billion USD (2026), 6.55 billion USD (2027), and 6.83 billion USD (2028). This represents an average annual growth rate (CAGR) of approximately 5.72% over the forecasted years.

Key points to consider for future trends:

  • Potential policy shifts favoring renewable energy could impact fossil fuel tax expenditures.
  • Technological advancements in transportation may reduce reliance on fossil fuels.
  • Macroeconomic factors and geopolitical events could influence fuel prices and consumption patterns.

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