In 2023, Italy ranked highest in global tax expenditure on end-use electricity at $34.21 million, followed by Germany at $29.82 million. The United States stood at $16.63 million. Notably, Canada experienced a significant increase of 98.71% compared to 2022, while most other countries showed moderate changes. Germany, Colombia, and Austria saw declines of -3.55%, -5.65%, and -2.2%, respectively. Despite gains in Italy and France, Moldova and Ireland experienced slight reductions.
Future trends to watch include the potential for continued growth in Canadian expenditures due to policy shifts, while European countries may see stabilization or gradual decline as energy efficiency programs and renewable integrations continue to influence national strategies.
Top countries in Tax Expenditure on End-Use Electricity for All Beneficiaries or Sectors Share by Country (Million US Dollars, Constant = 2020)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 34.21 | 2023 | +6.25% | +8.64% | View data |
| 2 | 2 Germany | 29.82 | 2023 | -4.83% | -3.55% | View data |
| 3 | 3 United States | 16.63 | 2023 | -0.81% | +3.47% | View data |
| 4 | 4 Greece | 10.36 | 2023 | +3.25% | +1.59% | View data |
| 5 | 5 Canada | 8.95 | 2023 | +30.6% | +98.71% | View data |
| 6 | 6 France | 4.06 | 2023 | +9.29% | +7.62% | View data |
| 7 | 7 Finland | 2.14 | 2023 | +1.87% | +0.55% | View data |
| 8 | 8 Austria | 1.02 | 2023 | -2.19% | -2.2% | View data |
| 9 | 9 Colombia | 0.91 | 2023 | -8.55% | -5.65% | View data |
| 10 | 10 Moldova | 0.48 | 2023 | -2.09% | -3.47% | View data |
