In 2023, France led the European Environmentally Related Tax Revenue in the transport sector, generating $205.65 Million, despite a 2.71% year-on-year decline. The UK followed with $181.13 Million, enjoying a modest 1.62% growth, while Ireland recorded a significant 19.18% increase, reaching $68.06 Million. Conversely, Hungary faced the steepest decline at 24.75%. Other notable countries include Italy ($40.04 Million, up 1.14%), and the Netherlands ($21.5 Million, with slight growth of 0.23%).
Looking ahead, environmentally related taxes are likely to be influenced by Europe's commitments to reduce carbon emissions and promote sustainable transportation. This could lead to increased tax revenues in countries prioritizing green transport initiatives. The ongoing shift towards electric vehicles, changes in consumption patterns, and evolving regulatory frameworks are expected to play key roles in shaping future trends in tax revenue generation from the transport sector.
Top countries in Environmentally Related Tax Revenue from Taxes on Transport in Warehousing and Support Activities for Transportation by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 France | 205.65 | 2023 | +4.35% | -2.71% | View data |
| 2 | 2 United Kingdom | 181.13 | 2023 | +1.55% | +1.62% | View data |
| 3 | 3 Ireland | 68.06 | 2023 | +5.76% | +19.18% | View data |
| 4 | 4 Italy | 40.04 | 2023 | +1.03% | +1.14% | View data |
| 5 | 5 Netherlands | 21.5 | 2023 | +5.29% | +0.23% | View data |
| 6 | 6 Slovakia | 17.65 | 2023 | +2.95% | +19.56% | View data |
| 7 | 7 Poland | 14.58 | 2023 | +0.26% | +5.05% | View data |
| 8 | 8 Switzerland | 11.22 | 2023 | +1.42% | +0.54% | View data |
| 9 | 9 Denmark | 10.89 | 2023 | +0.45% | +1.51% | View data |
| 10 | 10 Hungary | 10.35 | 2023 | -14.75% | -24.75% | View data |
