The forecast for total support on all fossil fuels for consumers in the US indicates a declining trend from 2024 to 2028, with values decreasing from 4.27 billion USD to 3.58 billion USD in constant 2020 dollars. Compared to 2023, support in 2024 is unchanged. Year-on-year, there is a decrease of approximately 4.22% in 2025, 4.16% in 2026, 4.34% in 2027, and 4.53% in 2028. The compound annual growth rate (CAGR) over the five-year period suggests an average annual decrease of approximately 4.31%.
Future trends to watch for include:
- The sustainability of this downward trend in fossil fuel support, potentially influenced by policy changes and shifts towards renewable energy.
- Market responses to government initiatives aimed at reducing carbon emissions and promoting cleaner energy sources.
- Economic factors such as technological advancements in renewable energy and their impact on consumer demand for fossil fuels.