The air pollution-related transport tax revenue in the US was $23.44 Billion in 2023 and is forecasted to increase steadily from 2024 to 2028. Year-on-year percentage growth is forecasted to average around 1.04% over this period. The compound annual growth rate (CAGR) from 2024 to 2028 is approximately 1.03%, indicating modest but stable growth in tax revenue.
For future trends, watch for:
- The impact of stringent environmental regulations that could increase tax rates.
- Technological advancements in transportation reducing the underlying causes of pollution, possibly affecting future revenue.
- Shifts in political and legislative priorities concerning environmental policies that might impact tax structures.