Forecast: Renewables and Biofuels Final Consumption in Transport Equipment Sector in Germany

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.

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