The forecast indicates a gradual decline in tax expenditure on all fossil fuels for consumers in the US from 2024 to 2028, starting at 3.77 billion USD and decreasing to 3.66 billion USD by 2028, all values expressed in constant 2020 dollars. In 2023, the actual expenditure was slightly higher. The year-on-year analysis reflects a modest percentage decline each year, averaging a steady CAGR over the period.
Future trends to watch for include policy changes affecting fossil fuel taxation, potential shifts in consumer energy preferences, and advancements in renewable energy technologies. These factors could further influence expenditure trends post-2028.
