The share of passenger cars in total road motor vehicles in Chile stood at 69.39% in 2023. From 2013 to 2023, the share increased steadily and is expected to continue this upward trajectory, reaching 70.68% by 2028. This reflects a consistent annual growth, with a year-on-year increase ranging from 0.37% to 0.28% over the last two years. The forecasted 5-year CAGR is 0.29%, leading to a total 5-year forecasted growth rate of 1.48%.
In the future, trends to watch for include technological advancements in electric vehicles, changes in consumer preferences towards sustainable transport options, and government policies aimed at reducing emissions. These factors could further influence the share of passenger cars in the total vehicle fleet.
