In 2023, Italy and Spain led European Environmentally Related Tax Revenues from motor vehicle manufacturing pollution, contributing $2.45M and $2.39M respectively. The Czech Republic showed the highest growth rate with an 8.77% increase, while Belgium experienced a significant decline of 14.25%. Growth remained modest in Romania, Slovakia, and Malta, whereas Switzerland, Denmark, and Bulgaria saw decreases. Slovenia, though small in volume, displayed an impressive 18.71% surge, signifying potential future prominence. The compound annual growth rate reveals uneven trends across the continent, with regions facing diverse economic and regulatory influences.
Future trends to monitor include:
- Upcoming EU regulations impacting pollution taxation systems, particularly in countries with declining revenues.
- The growing adoption of electric vehicles, potentially reducing pollution tax revenue.
- Economic fluctuations influencing manufacturing sectors and their subsequent tax contributions.
Top countries in Environmentally Related Tax Revenue from Taxes on Pollution in Manufacturing of Motor Vehicles, Trailers and Semi-Trailers by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 2.45 | 2023 | -1.08% | -3.37% | View data |
| 2 | 2 Spain | 2.39 | 2023 | +8.85% | +1.26% | View data |
| 3 | 3 Czech Republic | 0.85 | 2023 | +4.15% | +8.77% | View data |
| 4 | 4 Slovakia | 0.48 | 2023 | +1.98% | +3.4% | View data |
| 5 | 5 Denmark | 0.37 | 2023 | +0.34% | -6.35% | View data |
| 6 | 6 Serbia | 0.29 | 2023 | -0.22% | -3.5% | View data |
| 7 | 7 Belgium | 0.24 | 2023 | -20.19% | -14.25% | View data |
| 8 | 8 Switzerland | 0.076 | 2023 | -1.39% | -1.46% | View data |
| 9 | 9 Malta | 0.04 | 2023 | +11.79% | +2.6% | View data |
| 10 | 10 Romania | 0.027 | 2023 | +1.87% | +3.46% | View data |
