Forecast: Volume of Road Motor Vehicle Traffic in Australia

The volume of road motor vehicle traffic in Australia stood at 235.74 billion vehicle-kilometers in 2023. Forecasts indicate a declining trend over the next five years, with values predicted to drop to 232.45, 228.74, 225.06, 221.42, and 217.82 billion vehicle-kilometers from 2024 to 2028 respectively. The year-on-year variations indicate a consistent decrease of approximately 1.6% each year from 2024 onwards. Over the whole forecasted period, the compound annual growth rate (CAGR) suggests an average annual decline of about 1.6%.

Future trends to watch for:

  • The impact of electric vehicle adoption and government policies promoting green transportation.
  • Possible shifts in commuting patterns due to changing work environments post-pandemic.
  • Technological advancements in autonomous vehicles which might influence traffic volumes.

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