In 2023, the tax expenditure on end-use electricity for all beneficiaries or sectors in the US was below the forecasted values starting from 2024. The year-on-year increase for 2024 is negligible. From 2025 to 2028, the trend shows a steady growth with an annual increase of approximately 6% to 10% per year in tax expenditure relative to GDP. The Compound Annual Growth Rate (CAGR) over this period is consistent, displaying a continued slight elevation, indicating an upward trajectory.

Future trends to watch for:

Shifts in policy that may affect electricity taxation.
Changes in electricity consumption patterns due to technological advancements or environmental policies.
Impact of renewable energy adoption on overall tax expenditure.