In 2023, the tax expenditure on coal for consumers in the US was approximately $234 million. Forecast data suggests a gradual decline from $233.43 million in 2024 to $232.47 million by 2028. The year-on-year variation indicates a minor decrease, averaging a Compound Annual Growth Rate (CAGR) of around -0.1% over the five-year period.
Future trends to watch for include potential policy shifts towards renewable energy incentives, which could further reduce dependency on coal and impact tax expenditures. Additionally, the implementation of stricter environmental regulations may accelerate this decline.
