The analysis of global recurrent household motor vehicles tax revenue indicates significant variances among countries, with Kazakhstan leading the cohort in 2024 at $182.72 million, reflecting a positive year-on-year change. Bulgaria also shows a robust increase with its revenue reaching $131.22 million, accompanied by a significant growth rate. Countries like Mongolia and the United States have shown consistent growth over the past years, though the latter remains lower at $1.22 million in 2024. Meanwhile, European countries such as Italy and Spain exhibit declining trends, with revenues substantially lower compared to earlier years. Among the lowest, Portugal reports decreasing revenue over five years, standing at $0.29 million.
In the future, economic and policy shifts regarding vehicle ownership and taxation, possibly influenced by environmental considerations, will be crucial factors affecting the fiscal intake from motor vehicle taxes. Monitoring the impact of electric vehicle adoption on tax structures will be essential as countries strive for sustainable transport solutions.
Top countries in Recurrent Household Motor Vehicles Tax Revenue Perceived by a Local Government by Country
| # | 10 Countries | Million US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Kazakhstan | 182.72 | 2023 | +2.27% | +1.73% | View data |
| 2 | 2 Bulgaria | 131.22 | 2023 | +3.86% | +2.84% | View data |
| 3 | 3 Mongolia | 17.15 | 2023 | +2.23% | +2.03% | View data |
| 4 | 4 Italy | 5.73 | 2023 | +0.47% | -0.13% | View data |
| 5 | 5 Morocco | 3.28 | 2023 | +5.29% | +6.93% | View data |
| 6 | 6 Nicaragua | 2.05 | 2023 | +1.95% | +1.68% | View data |
| 7 | 7 Spain | 2 | 2023 | -0.04% | -0.81% | View data |
| 8 | 8 Netherlands | 1.61 | 2023 | +1.24% | +0.57% | View data |
| 9 | 9 United States | 1.22 | 2023 | +1.87% | +2.02% | View data |
| 10 | 10 Portugal | 0.29 | 2023 | +2.03% | +1.55% | View data |
