The forecast for road motor vehicle ownership in the UK shows a steady increase from 612.95 units per thousand persons in 2024 to 625.48 by 2028. This represents an average annual growth of approximately 0.5% over the five-year period. Motor vehicle ownership in 2023 stood at 609.23 units per thousand persons, which indicates a mild increase over recent years as well.
Future trends to watch include the potential impact of policy changes promoting electric vehicles, technological advancements in autonomous driving, and shifts in consumer preferences towards shared mobility solutions. These factors may influence the growth rate of vehicle ownership in the UK.
