The forecasted tax expenditure on all fossil fuels for all beneficiaries or sectors in the United States shows a consistent decline from 2024 to 2028. Starting at $5.41 billion in 2024, the expenditure is projected to decrease to $4.44 billion by 2028. The year-on-year declines are reflective of shifting policies and increased efforts to phase out reliance on fossil fuels. The Compound Annual Growth Rate (CAGR) over these years indicates a steady reduction, emphasizing the trend towards sustainable energy solutions.

Future trends to watch include:

Legislative changes aimed at reducing fossil fuel subsidies.
Market shifts towards renewable energy sources.
Technological advancements in clean energy that may further reduce dependence on fossil fuels.