In 2023, the value of fossil fuel consumption support in the US was 4.92% of energy-related tax revenue. Forecasts from 2024 to 2028 indicate a continuous decline, with values decreasing from 4.77% in 2024 to 4.16% by 2028. Year-on-year percentage reductions are observed in the forecasted period. This trend represents a compounded average decrease year-on-year over the projected five-year span.

Future trends to watch for include:

Potential policy changes that could further impact fossil fuel support.
Technological advancements in renewable energy sources influencing fossil fuel demand.
Societal and consumer preference shifts towards sustainable energy options.
Economic factors that could either accelerate or slow the decline in fossil fuel support.