The global tax expenditure on end-use electricity for transportation in 2023 reveals varied investment levels across countries. Italy leads with $60.19 million, followed by Germany at $58.33 million, and France at $34.41 million. The United States shows a significant rise to $0.87 million (28.83% YoY), indicating increasing adoption of electric transportation. Conversely, Colombia's $0.09 million reflects a 2.85% decline, suggesting slower growth in electric vehicle incentives.
Future trends to watch include the increasing push toward electric mobility in developed countries and the potential for emerging market subsidies to stimulate similar growth patterns as seen in Europe and the U.S.
Top countries in Tax Expenditure on End-Use Electricity for Transportation by Country
| # | 5 Countries | Million US Dollars, Constant = 2020 | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 60.19 | 2023 | +23.23% | +6.13% | View data |
| 2 | 2 Germany | 58.33 | 2023 | -5.35% | -3.41% | View data |
| 3 | 3 France | 34.41 | 2023 | +9.25% | +7.94% | View data |
| 4 | 4 United States | 0.87 | 2023 | +1.76% | +28.83% | View data |
| 5 | 5 Colombia | 0.09 | 2023 | -4.26% | -2.85% | View data |
