The forecasted tax expenditure on end-use electricity in the US from 2024 to 2028 remains steady at $1.13 billion annually. This consistency indicates no expected year-on-year variation from 2024 to 2028. In 2023, the expenditure stood at $1.13 billion, thereby showing a stable trend with no fluctuations or CAGR over the five-year period. This stagnation may reflect stable electricity prices and consistent tax policy impacts on the sector.
Future trends to watch for include:
- Potential legislative changes in energy policies affecting tax expenditures.
- Technological advancements in renewable energy that might alter electricity consumption and subsequently tax dynamics.
- Evolving economic factors which could influence energy demand and expenditure patterns.