Forecast: Share of Household Expenditure for Purchase of Vehicles in Total Household Expenditure for Transport in France

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.

Top Countries about Light Vehicle