Forecast: Number of Plug-In Hybrid Petrol-Electric Passenger Cars in Denmark

In Denmark, the number of plug-in hybrid petrol-electric passenger cars has experienced significant growth from 0.556 thousand units in 2015 to 87.58 thousand units by 2023. The value for 2023 reflects a 27.94% year-on-year increase, signifying robust market expansion. The compound annual growth rate (CAGR) over the last five years stands at 72.73%, indicating substantial and accelerating adoption rates over this period.

Recent trends show a year-on-year variation of:

• 2022: 39.32% increase

• 2023: 27.94% increase

Historical growth has been driven by significant percentage increases, including notable spikes in 2018 (190.99%) and 2020 (201.84%). The projected data for the coming years continue to show positive growth albeit at a decelerated pace, with an expected CAGR of 11.11% from 2024 to 2028, culminating in 180.38 thousand units by 2028, translating to a total growth rate of 69.35% over this period.

Future trends to watch for include advancements in hybrid technology, government incentives for electric vehicles, and evolving consumer preferences for sustainable transportation solutions. These factors are likely to influence market dynamics and further drive the adoption of plug-in hybrid vehicles in Denmark.