The share of passenger cars in total road motor vehicles in Australia is projected to see a slight decline from 73.5% in 2024 to 73.25% by 2028. This represents a year-on-year variation of approximately -0.12% to -0.05%. The Compound Annual Growth Rate (CAGR) over these five years is approximately -0.08%, indicating minimal but consistent decreases. The share stood at 73.58% in 2023, marking a similar gradual decline pattern.
Future trends to watch for include the impact of increased adoption of electric and alternative-fuel vehicles, evolving urban mobility preferences, and potential regulatory changes promoting more sustainable transport options. Additionally, shifts toward shared mobility services could further impact the long-term share of passenger cars within the total vehicle population.
