In 2023, India's climate change-related transport tax revenue stood at approximately $11.37 billion USD. Comparing this to the 2024 forecast of $11.66 billion reveals a growth rate of about 2.55%. The subsequent years show consistent year-on-year growth rates: 2.49% in 2025, 2.51% in 2026, 2.29% in 2027, and 2.23% in 2028. The compound annual growth rate (CAGR) from 2023 to 2028 is approximately 2.41%, reflecting steady growth in policy-driven revenue enhancement related to climate change.

Future trends to watch for:

India's evolving policies on climate change and their impact on transport taxation.
Technological advances in clean energy transport solutions that may affect tax strategies.
International collaboration and agreements influencing local tax regulations.