In 2023, total support for all fossil fuels in transportation in the US was 1.07 billion USD. The support is projected to steadily increase from 2024 through 2028, with the value rising from 1.08 billion USD in 2024 to 1.13 billion USD in 2028. This consistent year-on-year growth reflects a gradual increase of approximately 1% annually. The five-year compound annual growth rate (CAGR) from 2024 to 2028 is expected to be around 1.1%.
Future trends to watch for include shifts in government policy aimed at reducing fossil fuel reliance, potential advances in alternative transportation technologies, and fluctuations in global oil prices that could impact support levels. Additionally, economic growth and changes in consumer behavior towards sustainable transport can influence these projections.
