Between 2013 and 2023, road passenger transport movements by passenger cars in the US remained relatively steady with minor fluctuations, except for a significant drop in 2020 attributable to the COVID-19 pandemic. In 2023, the movement stood at 6.254 trillion passenger kilometers, an increase of 4.27% from the previous year. The overall CAGR for the period from 2018 to 2023 was 0.83%, suggesting modest growth interrupted by the pandemic.
Future projections indicate consistent growth in road passenger transport by passenger cars, with a forecast CAGR of 0.95% from 2024 to 2028. This demonstrates a stable but slightly accelerating trend in passenger movements, reaching 6.6372 trillion passenger kilometers by 2028.
Future trends to watch for:
- Impact of emerging technologies such as autonomous vehicles on travel patterns.
- Influence of environmental policies on passenger car usage.
- Potential shifts in mobility preferences due to urbanization and changing societal trends.
- Economic factors, including fuel prices and economic growth, impacting passenger transport volumes.