Forecast: Number of Plug-In Hybrid Petrol-Electric Passenger Cars in Austria

The number of plug-in hybrid petrol-electric passenger cars in Austria steadily increased from 385 units in 2013 to 49,790 units in 2023. Significant growth rates were observed especially in 2020 and 2021, with year-on-year variations of 87.29% and 87.67% respectively. Over the last five years, the compound annual growth rate (CAGR) has been strong at 55.55%.

For the forecasted period from 2023 to 2028, growth is expected to continue but at a more moderate pace. By 2028, the number of units is projected to reach 95,330 with an anticipated five-year CAGR of 9.69%.

Future trends to watch for include policy changes, advancements in battery technology, and shifts in consumer preferences toward sustainable mobility options, which could further drive the market for plug-in hybrid vehicles.