The energy consumption in Singapore's transport sector has seen a noticeable decline from 2013 to 2023, decreasing from 13.94 units to 11.71 units, representing a -16% overall reduction. The recent annual variations show a clear trend of decreasing consumption with a -3.3% year-on-year drop in 2023. Over the previous five years, the compound annual growth rate (CAGR) averaged around -2.0%. The forecast suggests continued decline, projecting a value of 9.75 units by 2028, corresponding to a -13.79% change over the next five years with an average CAGR of -2.92%.
Future trends to watch for include advancements in public transportation infrastructure, increased adoption of electric and hybrid vehicles, and stringent environmental policies aimed at reducing carbon footprints, all likely contributing to continued decreases in energy consumption in Singapore's transport sector.
