The forecasted climate change-related transport tax revenue in the US shows a steady but slow upward trend from 2024 to 2028, increasing from $23.29 billion PPP in 2024 to $24.31 billion PPP in 2028. Given that 2023 had a recorded value of $23 billion PPP, the year-on-year growth signifies an annual average growth rate (CAGR) around 1%, indicative of consistent but moderate increases.
Future trends to watch for:
- Regulatory changes and policy shifts aiming to combat climate change.
- Technological advancements promoting greener transport solutions.
- Potential economic impacts from decarbonization initiatives across the transport sector.