In 2023, the total end-use electricity support for transportation in the US stood at significantly lower values as the series rapidly increases from 2024 onward. From 2024 to 2028, forecasted values show a steady annual increase of $10,000 each year, reaching a plateau at $900,000 in 2027 and 2028. The compounding annual growth rate (CAGR) over the five-year forecast period suggests a modest yet consistent expansion in this sector, highlighting the growth trajectory of electric transportation.

Future trends to watch for:

Technological advancements in battery efficiency could impact electricity demands.
Regulatory policies and incentives promoting electric vehicles may further drive the market.
Potential disruptions from alternative energy sources could influence electricity costs and supply.