Passenger car registrations in the Netherlands saw significant fluctuations over the past decade. From 2013 to 2018, the market experienced various ups and downs, with notable growth in 2015 and 2018. A sharp decline occurred in 2020 due to external factors, possibly due to the global pandemic. Recovery began in 2021, with a substantial jump in 2022 and a steady increase up to 2023, reaching 411.88 thousand registered cars. The year-on-year variation from 2022 to 2023 was 14.12%, with a five-year CAGR of -1.47% for recent years, suggesting moderate decline over that period.
Looking to the future, forecasts from 2024 to 2028 predict a gradual decline, with a five-year CAGR of -0.9%. Upcoming years indicate a slow yet consistent reduction in passenger car registrations. Key trends to watch include advancements in electric vehicle technology, changes in consumer preferences towards sustainable transport, and evolving government policies on climate and mobility.
