The total support for fossil fuels for consumers in the US is projected to steadily decrease from 2024 to 2028. In 2023, the total support stood at 4.77 Billion US Dollars. From 2024, a year-on-year decrease in value is observed with percentages of -1.71% in 2025, -1.73% in 2026, -1.76% in 2027, and -1.80% in 2028. The Compound Annual Growth Rate (CAGR) over the forecasted five-year period (2024-2028) is about -1.75%.
Future trends to watch for include:
- Increased policy regulation aimed at reducing fossil fuel reliance.
- Technological advancements that may lead to shifts in energy consumption.
- Potential shifts in consumer behavior in favor of renewable energy sources.
