In 2023, the expenditure on road transport vehicles in Norway stood at 450 million Euros. The forecast from 2024 to 2028 shows a year-on-year percentage decline in expenditure: -1.07% in 2024, -1.08% in 2025, -1.06% in 2026, -1.06% in 2027, and -1.05% in 2028. Over the period from 2024 to 2028, the compound annual growth rate (CAGR) indicates an average annual decrease of roughly -1.06% per year.
Future trends to watch for include advancements in electric vehicle technology, government policies favoring green transport solutions, and potential fluctuations in the global economic environment. These factors could influence the demand and expenditure on road transport vehicles in Norway in the coming years.
