In 2023, the number of petrol passenger cars, including hybrids, in Italy stood at 17.5 million. Forecasts predict a continuous decline from 2024 to 2028, with values dropping from 17.466 million to 16.971 million. This indicates a year-on-year decrease of approximately 0.73% from 2023 to 2024, stabilizing to an average downward trend of 0.7% per year. Over the five-year period from 2024 to 2028, the compound annual growth rate (CAGR) reflects a steady decline.
Future trends to watch for include the increasing adoption of electric vehicles and further government incentives to reduce carbon emissions, potentially accelerating the decline in petrol car numbers. Additionally, advancements in hybrid technology could influence consumer preferences, impacting the market dynamics significantly.
