The forecast for Canada's total support on end-use electricity from 2024 to 2028 shows a consistent year-on-year growth of approximately 9.09%. Starting at 0.01% of GDP in 2024, it is expected to increase incrementally to 0.014% by 2028, marking a steady upward trend. The compound annual growth rate (CAGR) over this five-year period is 8.89%, indicating healthy and sustained growth in this sector's support as part of the GDP.
Future trends to watch for include potential policy changes impacting renewable energy incentives, technological advancements increasing efficiency, and global economic influences. Monitoring these factors will be crucial in forecasting longer-term support dynamics.
