In 2023, the level of air pollution-related transport tax revenue in the US was substantial, laying the groundwork for a steady increase in the following years. In the forecast from 2024 to 2028, tax revenues are expected to rise consistently each year, starting from $26.81 billion in 2024 to reach $29.69 billion by 2028. The projected year-on-year growth shows moderate increases, reflecting a positive trend in revenue generation from this sector. Overall, the compound annual growth rate (CAGR) over the projected period is indicative of a gradual strengthening trend in tax revenues.

Future trends to watch for:

Implementation of stricter environmental regulations may accelerate revenue growth.
Technological advancements in green transport could potentially moderate revenue increases as pollution decreases.
Evolving public and political sentiment towards carbon emissions may influence fiscal policies and revenue expectations.