In 2023, the ownership of road motor vehicles in Italy stood at 945.74 units per thousand persons. Forecasts for the upcoming years highlight a consistent increase in vehicle ownership, with values projected to rise annually from 950.28 units per thousand persons in 2024 to 967.7 units per thousand persons by 2028.
Year-on-year variation indicates the following percentage increases:
- 2025: +0.48%
- 2026: +0.46%
- 2027: +0.45%
- 2028: +0.43%
The last five years show a Compound Annual Growth Rate (CAGR) of approximately 0.46%, suggesting a steady rise in vehicle ownership.
Future trends to watch for include the impact of environmental policies on vehicle ownership, the potential increase in electric vehicle adoption, and possible shifts in consumer behavior towards shared mobility services, which could influence the overall growth rate of road motor vehicle ownership in Italy.
