Forecast: Plug-in Hybrid Electric Vehicle Registrations in Poland

Analyzing the plug-in hybrid electric vehicle (PHEV) registrations in Poland, we observe steady growth from 2015 to 2023. The data reveals a substantial increase from 0.221 thousand units in 2015 to 10.09 thousand units in 2023. Between 2022 and 2023, the year-on-year variation highlighted a modest growth of 4.36%, indicating a slight deceleration compared to previous years. The compound annual growth rate (CAGR) over the last five years averages at 69.35%, showcasing a robust upward trend over the analyzed period.

Several points of interest include:

• The highest year-on-year growth was recorded between 2019 and 2020 at 267.46%.
• Post-2020, growth rates have remained positive but are showing signs of stabilization.
• The CAGR from 2015 to 2023 consistently remained high, particularly peaking in years such as 2020 (82.74%) and 2021 (94.24%).

Future trends to watch for:

Looking forward, forecasted data suggests a gradual growth rate, with a forecasted 5-year CAGR of 1.48% from 2023 to 2028 and an overall growth rate of 7.63%. This indicates a market that is slowly maturing with stabilizing growth rates. Factors such as government policies, technological advancements, and consumer adoption rates will play crucial roles in shaping the future trends of PHEV registrations in Poland.