FHWA Forecasts of Vehicle Miles Traveled (VMT): Spring 2021

United States. Federal Highway Administration. Office of Highway Policy Information

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FHWA Forecasts of Vehicle Miles Traveled (VMT): Spring 2021

2021-05-01
By United States. Federal Highway Administration. Office of Highway Policy Information

[PDF-585.15 KB]

English

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Corporate Creators:

United States. Federal Highway Administration. Office of Highway Policy Information
Subject/TRT Terms:

[+]

Forecasting Traffic Forecasting Trend (Statistics) Vehicle Miles Of Travel
Resource Type:

Tech Report
Geographical Coverage:

United States
Corporate Publisher:

United States. Federal Highway Administration. Office of Highway Policy Information
Abstract:

FHWA has constructed a national vehicle miles traveled (VMT) forecasting model where future VMT growth rates can be estimated for three major economic scenarios - normal, pessimistic, and optimistic growth. The normal growth scenario represents the most Likely economic outlook reflects IHS' assessment of most probable future trends in U.S. population, employment, capital investment, productivity growth, and aggregate economic output, with stable energy prices. The pessimistic economic outlook reflects slower growth in employment, investment, productivity, and output compared to historical norms, with volatile and generally increasing energy prices. The optimistic economic outlook reflects unusually rapid growth in employment, investment, productivity, and economic output, as well as stable or declining energy prices. The VMT projection information is updated annually in the month of May based on IHS Inc.'s spring release of our nation’s long term economic data.
Format:

PDF
Collection(s):

Federal Highway Administration
Main Document Checksum:

[+]

urn:sha256:9a8c8399e36ac19daebb8ad260734da75c191b1c52fbd8221950d2bd114680f5
Download URL:

https://rosap.ntl.bts.gov/view/dot/57554/dot_57554_DS1.pdf
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FHWA Forecasts of Vehicle Miles Traveled (VMT): Spring 2021

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