The 2023 data shows that China, Australia, and Italy lead in global tax expenditure on fossil fuels for transportation, with China showing a significant 6.11% increase. France and Sweden also experienced notable growth at 6.45% and 7.84% respectively. Conversely, Brazil and Greece faced substantial declines at -25.66% and -12.02%. The United States saw a decrease of -3.43%, indicating a potential shift in policies or usage patterns.
Future trends to watch:
- Shifts in energy policies globally might lead to decreased expenditures as countries adopt cleaner energy alternatives.
- Political factors and economic conditions in countries like Ukraine and Russia could drive unpredictable changes in expenditure.
- Technological advancements in transport efficiency and fuel alternatives will likely play a critical role in reducing fossil fuel dependency.
Top countries in Tax Expenditure on All Fossil Fuels for Transportation Share by Country (Million US Dollars, Constant = 2020)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 17.32 | 2023 | +6.1% | +6.11% | View data |
| 2 | 2 Australia | 15.76 | 2023 | +4.83% | +3.46% | View data |
| 3 | 3 Italy | 14.95 | 2023 | +5.45% | +2.35% | View data |
| 4 | 4 France | 14.1 | 2023 | +6.68% | +6.45% | View data |
| 5 | 5 Switzerland | 5.84 | 2023 | +11.76% | +0.57% | View data |
| 6 | 6 South Africa | 5.14 | 2023 | +7.54% | +2.46% | View data |
| 7 | 7 Ireland | 4.6 | 2023 | +8.59% | +0.48% | View data |
| 8 | 8 Sweden | 3.82 | 2023 | +0.022% | +7.84% | View data |
| 9 | 9 Argentina | 3.08 | 2023 | -2.23% | -0.29% | View data |
| 10 | 10 Israel | 2.83 | 2023 | +3.63% | +1.08% | View data |
