Austria's diesel passenger car market shows a general upward trajectory from 2013 to 2019, peaking at approximately 2.779 million units in 2019. However, from 2020 onwards, the market experienced a notable decline, falling to around 2.7002 million units by 2023. Over the past two years, the year-on-year variation has been approximately -0.83%. The compound annual growth rate (CAGR) over the last five years is estimated at -0.57%, indicating a downward trend.
Looking ahead, the anticipated CAGR from 2024 to 2028 is projected at -0.66%. The forecast suggests that the number of diesel passenger cars will continue to decline, reaching an estimated 2.5907 million units by 2028. The projected five-year growth rate is -3.26%, emphasizing a steady reduction in diesel passenger car numbers.
Future trends to watch include the increasing adoption of electric and hybrid vehicles, potential legislative measures targeting emissions, and ongoing technological advancements in more sustainable automotive solutions. These factors are expected to accelerate the decline in diesel car usage in Austria.
