In 2023, the average expenditure per household on transportation in Canada was recorded, and from 2024 onwards, forecasted data shows a gradual increase from CAD 13.24 thousand in 2024 to CAD 13.67 thousand in 2028. The year-on-year variation reveals a steady trend with a consistent rise each year, showcasing a stable growth rate in expenditures.
Future trends to watch for:
- Potential disruptions in oil prices which may affect transportation costs.
- Evolution of public transportation systems and their impact on household spending.
- Technological advancements in electric vehicles and the adoption rate among Canadian households.
