Here is a list of major declared candidates and other potential 2024 hopefuls in both the Democratic and Republican parties.
Political analysts say there is little benefit to him jumping into the race too soon, with the election still 19 months away.
In the meantime, he can continue to look presidential, although he still has poor approval ratings in opinion surveys.
The former Kansas congressman was one of Trump's most loyal lieutenants and initially backed his false claims of a stolen presidential election in 2020.
Several of his key staff, though, have recently joined the DeSantis camp, however, suggesting that Youngkin, is not going to run in 2024.