In 2023, the tax expenditure on coal for electricity generation in the US stood at a certain level, serving as the baseline for forecasts. From 2024 to 2028, there is a gradual decrease in tax expenditures, indicating a slight downward trend. Specifically, the year-on-year decreases are subtle, ranging from 0.22% to 0.12%. The compound annual growth rate (CAGR) for this period is negative, reflecting a consistent decline over five years.
Future trends to watch for include potential policy shifts towards renewable energy investments, regulatory changes affecting coal usage, and economic factors influencing overall energy production costs which could further impact tax expenditures on coal in the long term.
