In 2023, the United Kingdom led with the highest environmentally related tax revenue from transport in machinery and equipment repair and installation. France and Germany followed, despite Germany's modest growth. Slovenia and Hungary saw significant growth, at 5.78% and 37.58%, respectively, showcasing potential upside trends. Conversely, Greece and Ireland faced notable declines at -7.92% and -5.8%. Overall, variance highlighted regional differences in fiscal policies related to environmental transport taxes.
Emerging trends to watch include increased tax diversification to drive green technology initiatives, shifts in cross-border tax policies in the EU, and potential fluctuations due to geopolitical and economic changes affecting transport and machinery sectors.
Top countries in Environmentally Related Tax Revenue from Taxes on Transport in Repair and Installation of Machinery and Equipment Share by Country (Million US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 40.18 | 2023 | +5.4% | +3.3% | View data |
| 2 | 2 France | 27.57 | 2023 | +2.12% | -0.9% | View data |
| 3 | 3 Germany | 7.39 | 2023 | -0.62% | +0.23% | View data |
| 4 | 4 Denmark | 5.78 | 2023 | -1.57% | -2.55% | View data |
| 5 | 5 Switzerland | 4.58 | 2023 | +1.58% | +0.91% | View data |
| 6 | 6 Norway | 3.09 | 2023 | +2.98% | +0.36% | View data |
| 7 | 7 Austria | 2.93 | 2023 | +3.35% | +3.02% | View data |
| 8 | 8 Ireland | 2.45 | 2023 | +9.3% | -5.8% | View data |
| 9 | 9 Poland | 1.97 | 2023 | -0.46% | -0.66% | View data |
| 10 | 10 Greece | 1.45 | 2023 | -8.91% | -7.92% | View data |
