The number of petrol passenger cars in Austria has been experiencing steady yet moderate growth over the past decade. In 2023, this figure stood at 2.3786 million. Over the last two years, there was a slight deceleration with year-on-year variations of 1.54% in 2022 and 1.58% in 2021, compared to a more robust annual growth of 2.42% in earlier years such as 2017. Over the past five years, the compound annual growth rate (CAGR) has marginally decreased from 2.31% to 1.82%, indicating a steady but slowed pace of increase.

Future projections for the next five years suggest a continuing moderate growth trajectory with a forecasted 5-year CAGR of 1.13%, resulting in an overall growth rate of 5.78% by 2028, reaching approximately 2.5539 million petrol passenger cars.

Future trends to watch for:

Impact of electric vehicle (EV) adoption policies and incentives.
Changes in consumer preferences towards more environmentally friendly transportation options.
Technological advancements in petrol and alternative fuel engines.