The 2023 analysis of global tax expenditure on end-use electricity indicates that Italy leads with $34.13 million, showing a notable 7.51% increase from 2022. Germany follows with $28.33 million, despite a 5.28% decline. The United States is third at $18.21 million, up by 4.7%. Greece and Canada report $9.9 million and $8.76 million respectively, with Greece seeing a slight decrease and Canada experiencing a substantial 96.04% jump. Finland, Austria, and Ireland complete the ranking, each with slight variations.
Future trends to watch include:
- Potential shifts in energy policy, which may impact expenditure levels.
- Technological advancements in energy efficiency and renewable integration.
- Economic conditions affecting electricity demand and pricing structures globally.
- Adoptability and investment in green energy solutions intensifying across major economies.
Top countries in Tax Expenditure on End-Use Electricity for All Beneficiaries or Sectors Share by Country (Million US Dollars)
| # | 8 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Italy | 34.13 | 2023 | +6.01% | +7.51% | View data |
| 2 | 2 Germany | 28.33 | 2023 | -5.98% | -5.28% | View data |
| 3 | 3 United States | 18.21 | 2023 | +0.16% | +4.7% | View data |
| 4 | 4 Greece | 9.9 | 2023 | +1.51% | -0.99% | View data |
| 5 | 5 Canada | 8.76 | 2023 | +30.14% | +96.04% | View data |
| 6 | 6 Finland | 2.41 | 2023 | +1.33% | +2.19% | View data |
| 7 | 7 Austria | 1.06 | 2023 | -2.11% | -2.33% | View data |
| 8 | 8 Ireland | 0.18 | 2023 | +9.79% | -2.14% | View data |
