From 2013 to 2019, energy consumption in the Canadian transport sector showed variability, with growth between 2013-2018 followed by significant declines in 2019-2020. The recent years (2020-2022) saw minimal growth, with a CAGR of -2.01%. The forecasted data shows a slight but steady annual growth rate (0.09% CAGR) from 2023 to 2028.
Future trends in energy consumption for transportation in Canada include increased adoption of electric vehicles, advancements in fuel efficiency, and potential regulatory changes towards greener energy alternatives. Monitoring technological developments and sustainability initiatives will be critical for accurate forecasting.
