The forecasted tax expenditure on end-use electricity for transportation in the US is expected to increase modestly from 2024 to 2028. With a progression from $880,000 in 2024 to $910,000 by 2028, the year-on-year growth rates vary slightly. In 2024, the value stood at $880,000. The annual percentage increase shows slight stability, with a significant jump occurring in 2028, representing a cumulative CAGR of about 0.85% from 2024 to 2028.
Looking forward, keep an eye on:
- Shifts in transportation technology affecting electricity usage.
- Policies promoting electric vehicle adoption influencing expenditure.
- Infrastructure development impacting the tax expenditure dynamics.
