The energy consumption in transport in Sweden has shown a generally declining trend over the past decade, starting from 2013 with a few fluctuations. From a peak in 2014 of 22.25 units, it has generally declined year-on-year with minor increases in some years. The value stood at 20.84 units in 2023, showing a slight reduction of 0.62% from the previous year. The Compound Annual Growth Rate (CAGR) over the last 5 years is -0.93%, indicating a steady decrease in energy consumption.
Looking forward, forecasted data from 2024 to 2028 continue this downward trend with an anticipated average annual reduction. By 2028, energy consumption in the transport sector is projected to be at 20.49 units, marking a forecasted 5-year CAGR of -0.24% and an overall growth rate decrease of 1.21% over 5 years.
Future trends to watch for include:
- Advancements in fuel efficiency technologies
- Increased adoption of electric and hybrid vehicles
- Government policies promoting sustainable transport solutions
- Changes in consumer behavior towards environmentally friendly transport options
