In 2023, the final consumption of renewables and biofuels in the transport equipment sector in Germany amounted to 402.45 Gigawatthours. Forecasted data from 2024 to 2028 shows a steady increase, starting at 422.36 Gigawatthours in 2024 and reaching 496.25 Gigawatthours by 2028. The year-on-year growth rates are approximately 5.93% from 2024 to 2025, 4.48% from 2025 to 2026, 3.42% from 2026 to 2027, and 2.65% from 2027 to 2028, reflecting a deceleration over time. The compound annual growth rate (CAGR) from 2024 to 2028 is estimated at 4.07%.
Future trends to watch include:
- Policy changes promoting further adoption of renewables.
- Technological advancements improving efficiency.
- Market demand fluctuations driven by economic conditions and consumer preferences.