The volume of road traffic in the US, stated in million units of vehicle kilometers per motor vehicle, showed a consistent downward trend from 2013 to 2023. In 2023, the value stood at 17.22 million units. The annual year-on-year variation exhibited fluctuations, with notable declines in years such as 2018 (-1.75%) and a more gradual decline in recent years, culminating in a -0.44% decrease from 2022 to 2023. The Compound Annual Growth Rate (CAGR) over the last five years prior to 2023 averaged -0.32%.
Forecasted data from 2024 to 2028 suggests a continued decline, with the volume anticipated to drop to 16.82 million units by 2028. The forecasted 5-year CAGR is -0.37%, translating to an overall growth rate of -1.83% over this period.
Future trends to watch for include advancements in autonomous vehicle technology, increased emphasis on sustainable transportation modes, and potential regulatory changes aimed at reducing vehicle emissions, all of which could significantly impact road traffic volumes.
