| Product Code: ETC7910116 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The electric three-wheeler import shipments to Latvia in 2024 continued to see significant growth, with a high concentration of imports from Estonia, Germany, Netherlands, Sweden, and Austria. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market. The impressive compound annual growth rate (CAGR) of 89.5% from 2020 to 2024 reflects the increasing demand for electric three-wheelers in Latvia. Moreover, the growth rate of 46.66% from 2023 to 2024 suggests a continued upward trajectory in the market, making it an attractive sector for investment and further analysis.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Electric Three-Wheeler Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Electric Three-Wheeler Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Electric Three-Wheeler Market - Industry Life Cycle |
3.4 Latvia Electric Three-Wheeler Market - Porter's Five Forces |
3.5 Latvia Electric Three-Wheeler Market Revenues & Volume Share, By End Use, 2021 & 2031F |
3.6 Latvia Electric Three-Wheeler Market Revenues & Volume Share, By Battery Type, 2021 & 2031F |
4 Latvia Electric Three-Wheeler Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government incentives and subsidies for electric vehicles in Latvia |
4.2.2 Increasing environmental awareness and focus on sustainable transportation solutions |
4.2.3 Growing demand for cost-effective and efficient urban commuting options in Latvia |
4.3 Market Restraints |
4.3.1 Limited charging infrastructure for electric vehicles in Latvia |
4.3.2 Higher upfront cost of electric three-wheelers compared to traditional vehicles |
4.3.3 Lack of awareness and education about the benefits of electric three-wheelers among consumers in Latvia |
5 Latvia Electric Three-Wheeler Market Trends |
6 Latvia Electric Three-Wheeler Market, By Types |
6.1 Latvia Electric Three-Wheeler Market, By End Use |
6.1.1 Overview and Analysis |
6.1.2 Latvia Electric Three-Wheeler Market Revenues & Volume, By End Use, 2021- 2031F |
6.1.3 Latvia Electric Three-Wheeler Market Revenues & Volume, By Passenger Carrier, 2021- 2031F |
6.1.4 Latvia Electric Three-Wheeler Market Revenues & Volume, By Goods Carrier, 2021- 2031F |
6.2 Latvia Electric Three-Wheeler Market, By Battery Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Electric Three-Wheeler Market Revenues & Volume, By Li-ion, 2021- 2031F |
6.2.3 Latvia Electric Three-Wheeler Market Revenues & Volume, By Lead Acid, 2021- 2031F |
7 Latvia Electric Three-Wheeler Market Import-Export Trade Statistics |
7.1 Latvia Electric Three-Wheeler Market Export to Major Countries |
7.2 Latvia Electric Three-Wheeler Market Imports from Major Countries |
8 Latvia Electric Three-Wheeler Market Key Performance Indicators |
8.1 Average daily usage of electric three-wheelers in urban areas |
8.2 Number of charging stations for electric vehicles per capita |
8.3 Percentage of market penetration of electric three-wheelers in the overall vehicle market in Latvia |
9 Latvia Electric Three-Wheeler Market - Opportunity Assessment |
9.1 Latvia Electric Three-Wheeler Market Opportunity Assessment, By End Use, 2021 & 2031F |
9.2 Latvia Electric Three-Wheeler Market Opportunity Assessment, By Battery Type, 2021 & 2031F |
10 Latvia Electric Three-Wheeler Market - Competitive Landscape |
10.1 Latvia Electric Three-Wheeler Market Revenue Share, By Companies, 2024 |
10.2 Latvia Electric Three-Wheeler Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |