Forecast: Tax Expenditure on Coal for Consumers in the US

The forecasted tax expenditure on coal for consumers in the US shows a steady and slight annual increase from 2024 to 2028. Starting at $234.65 million in 2024, it is set to rise by approximately 0.3% each year, reaching $237.33 million by 2028. Compared to 2023, this represents a sustainable trend, highlighting a consistent but minor upward shift within this period.

Future trends to watch include:

  • Potential policy changes towards renewable energy sources, which could impact coal taxation.
  • Fluctuating coal market prices due to global economic factors.
  • Technological advancements impacting coal consumption and related tax revenues.

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