The share of passenger cars in total road motor vehicles in Finland has shown a consistent decline from 73.82% in 2013 to 72.85% in 2023. From 2019 to 2023, the annual decrease has averaged around 0.15% annually. Year-on-year, the share decreased by 0.13% in 2022 and continued the trend with a 0.11% drop in 2023. Over a five-year period, we observe a compound annual growth rate (CAGR) decline of -0.06%, indicating a gradual but steady reduction in the dominance of passenger cars within the overall mix of road motor vehicles.

Future trends to watch for:

Increased adoption of electric vehicles (EVs) and its potential effect on the overall composition of road motor vehicles.
Impact of policies promoting public transportation and shared mobility solutions.
Shifts in consumer preferences towards more sustainable or alternative modes of transportation.