In 2023, China dominated global fossil fuel support for transportation purposes, with substantial investments compared to other nations. Australia, Italy, France, and Switzerland also featured prominently, though significantly lower than China. While the United States and Russia had notable contributions, these were markedly less than leading European countries. Interestingly, financial support in countries like Indonesia and Colombia declined sharply, whereas Ukraine saw a dramatic 35.27% increase in support, reflecting regional policy shifts.
Future trends indicate that as countries strive towards sustainability, the share of support may shift. Possible growing investments could be expected in green technologies, reducing reliance on fossil fuels, while geopolitical dynamics and policy changes could result in varied levels of fiscal support across nations. Additionally, observing economic recovery post-pandemic and its impact on transportation energy demands will be crucial for anticipating future trends.
Top countries in Total Support 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 | 37.19 | 2023 | -1.78% | +1.1% | View data |
| 2 | 2 Australia | 11.37 | 2023 | +4.83% | +3.45% | View data |
| 3 | 3 Italy | 10.79 | 2023 | +5.45% | +2.35% | View data |
| 4 | 4 France | 10.16 | 2023 | +6.31% | +5.93% | View data |
| 5 | 5 Switzerland | 4.21 | 2023 | +11.75% | +0.56% | View data |
| 6 | 6 South Africa | 3.71 | 2023 | +7.54% | +2.46% | View data |
| 7 | 7 Ireland | 3.35 | 2023 | +8.63% | +0.5% | View data |
| 8 | 8 Sweden | 2.76 | 2023 | +0.022% | +7.84% | View data |
| 9 | 9 Chile | 2.58 | 2023 | +10.41% | +6.71% | View data |
| 10 | 10 Argentina | 2.53 | 2023 | -1.26% | -5.58% | View data |
