In 2023, the number of petrol passenger cars in Italy was recorded at approximately 18.973 million. From 2024 onwards, forecasted data suggests a steady year-on-year increase in the volume of petrol passenger cars, with minor increments each year, reaching 19.545 million by 2028. The year-on-year growth rate from 2024 to 2025 is approximately 0.61%, and for 2025 to 2026, it remains similar, demonstrating modest growth. The compound annual growth rate (CAGR) over the forecast period from 2024 to 2028 is about 0.72%.
Future trends to watch for:
- Shifts towards electric and hybrid vehicles could affect petrol car demand.
- Government regulations and incentives aimed at reducing emissions may further influence the market.
- Technological advancements and fuel efficiency improvements may impact petrol car purchasing decisions.