In 2023, passenger car ownership in Switzerland stood at 546 units per 1,000 inhabitants. The forecasted data from 2024 to 2028 shows no variation, maintaining a steady value of 546 units per 1,000 inhabitants each year. This stability suggests a period of stagnation in the growth of car ownership.
Year-on-year, the passenger car ownership rate is expected to remain flat at 0% growth, indicating no significant short-term changes. Over the last two years, the car ownership rate has also exhibited no variation. The Compound Annual Growth Rate (CAGR) for the forecasted period of 2024 to 2028 is 0%, revealing no average annual growth in car ownership.
Future trends to watch for include shifts in public transportation usage, changes in urban mobility solutions such as car-sharing, and the impact of policies promoting electric and autonomous vehicles. Monitoring these factors will be crucial in understanding any potential shifts in car ownership rates beyond 2028.
