The tax expenditure on end-use electricity for transportation in the US shows a consistent forecasted growth pattern from 2024 to 2027, with values increasing from $870,000 to $900,000. This indicates a steady year-on-year growth of approximately 1.1%, maintaining momentum through 2025 and 2026. In 2023, the expenditure stood at $860,000, reflecting a linear trend projected to stabilize in 2028.
Future trends to watch for include:
- Potential shifts in governmental policies affecting tax incentives for electric transportation.
- Technological advancements in electric vehicle charging infrastructure.
- Consumer adoption rates of electric vehicles which could influence the tax expenditure trajectory.