The volume of road traffic in Australia is projected to decrease steadily from 2024 to 2028. In 2023, this volume stood at 11.50 million units (vehicle-km) per motor vehicle. Forecasts indicate a decline to 11.32 in 2024, 11.13 in 2025, 10.94 in 2026, 10.76 in 2027, and 10.59 in 2028. Year-on-year declines are as follows: -1.59% from 2024 to 2025, -1.71% from 2025 to 2026, -1.64% from 2026 to 2027, and -1.58% from 2027 to 2028, averaging a CAGR of approximately -1.65% over these five years.
Future trends to watch for include changes in urban mobility patterns, the adoption rate of electric and autonomous vehicles, and policy changes related to emissions and traffic management. Advances in public transportation and changes in work-from-home trends may also impact these projections.
