In 2023, the tax expenditure on coal for transportation in the UK stood at a lower value compared to the forecasted 2024 value of 9.95 million USD. The projected increase from 2024 to 2028 reflects a gradual growth in tax expenditure, with a compound annual growth rate (CAGR) indicating a steady upward trend over these years. Every forecasted year shows a consistent year-on-year increase of approximately 1.3% to 1.5%, suggesting a cautious but positive outlook for coal use in transportation due to sustained demand or policy shifts favoring traditional fuels.

Future trends to watch for:

Potential shifts in UK energy policy affecting coal in transportation due to environmental regulations.
Adoption of alternative energy sources which could influence coal’s role and expenditure in transportation.
Technological advancements that could improve coal usage efficiency and reduce taxes.