The forecast for climate change-related transport tax revenue in India shows a rising trend from 2024 to 2028, starting at 36.55 billion USD PPP in 2024 and reaching 39.82 billion USD PPP by 2028. The average year-on-year growth is about 2.3%, indicating a steady increase. Previously, in 2023, the revenue stood at approximately 35.8 billion USD PPP. This continuous upward trend reflects the increasing focus on leveraging tax revenue for climate change initiatives through transport sector reform. The compound annual growth rate (CAGR) over this forecast period will be around 2.3%.
Future trends to watch for include policy changes that could accelerate the shift to more sustainable transport modes and rising investment in infrastructure that supports electric vehicles, which may further impact tax revenue dynamics. Observing how these variables interact with consumer behavior and technological advancements could be crucial in understanding long-term outcomes.
