In 2023, solid fossil fuel consumption in the UK's transport equipment sector stood at 23.89 thousand tonnes of oil equivalent. Starting from 2024, the forecast indicates a declining trend, with a year-on-year reduction of about 5.75% from 2024 to 2028. The compound annual growth rate (CAGR) over the five years projects a consistent annual decrease of approximately 5.78%.
Future trends to watch for include the impact of the UK’s commitment to decreasing fossil fuel dependency and increasing the adoption of renewable energy sources in the transport sector. Policy changes and advances in transport technology could further influence this downward trend.
