The number of passenger cars in Italy has shown steady growth from 2013 to 2023, starting at 36.963 million in 2013 and reaching 40.028 million in 2023. During this period, the annual growth rate varied, with a notable peak in 2016 at 1.41%. However, recent years have experienced a gradual slowdown, with a growth rate of 0.25% in 2023.
From 2020 to 2023, the Compound Annual Growth Rate (CAGR) reflected a decelerating trend, moving from 1.24% in 2020 to 0.51% in 2023. Looking ahead, the forecast indicates a continued but subdued increase in the number of passenger cars, with an expected CAGR of 0.2% from 2024 to 2028.
Future trends to watch for include a potential shift towards electric vehicles (EVs) as part of Italy's push for sustainability, regulatory changes affecting car ownership and usage, and advancements in shared mobility and autonomous driving technologies.
