The share of household expenditure for vehicles in France's total transport expenses has been steadily declining. In 2023, the value stood at 22.5%. From 2024 to 2028, a decreasing trend is evident, with shares dropping from 22.18% to 20.85%, representing a year-on-year decline of around 1.6–1.8%. Over this five-year period, the compound annual growth rate (CAGR) shows a consistent shrinking in vehicle expenditure share.
Future trends to watch for include:
- Increasing adoption of electric vehicles and their impact on household budgets.
- Government policies incentivizing alternative transport methods might further decrease vehicle expenditure.
- Potential economic factors that could alter transport expenditure priorities.