In 2023, the US climate change-related transport tax revenue marked an actual value. The forecast from 2024 to 2028 predicts a gradual rise, with a year-on-year increase of about 0.81% to 0.84%. The Compound Annual Growth Rate (CAGR) over these five years stands at approximately 0.83%, indicating a steady growth trajectory in environmental tax revenue percentages.
Trends to watch for the future include:
- The impact of federal and state policy changes directed at reducing emissions.
- Potential advancements in sustainable transportation technologies influencing revenue streams.
- Consumer adoption of greener vehicles, possibly altering tax structures.