The forecast for end-use electricity support in transportation in Germany shows a consistent decline from 2024 to 2028. In 2023, the value was 58.30 million USD, Constant = 2020. With the forecasted values of 55.04 million USD in 2024, reducing further in subsequent years, there is a clear downward trend, presenting a year-on-year decrease of approximately 5.9% in 2025, 6.3% in 2026, 6.6% in 2027, and 7.1% in 2028. The compound annual growth rate (CAGR) over the five-year period is approximately -6.5%, indicating a steady decline in support allocation for electric transportation.
Future trends to watch for include:
- Technological advancements in electric vehicle (EV) efficiency, reducing energy consumption.
- Policy shifts toward renewable energy incentives impacting electricity's role in transportation.
- Market dynamics if there's a surge in EV adoption rates.