Latvia Light Electric Vehicles (LEVs) Market (2025-2031) | Share, Trends, Revenue, Size, Value, Industry, Forecast, Analysis, Companies, Outlook, Segmentation & Growth

Name: Latvia Light Electric Vehicles (LEVs) Market (2025-2031) | Forecast & Outlook Growth
Creator: 6Wresearch
License: https://www.6wresearch.com/privacy-policy

Market Forecast By Application (Personal Mobility, Shared Mobility, Recreation & Sports, Commercial), By Vehicle Category (2-wheelers, 3-wheelers, 4-wheelers), By Power Output (Less than 6 kW, 6-9 kW, 9-15 kW) And Competitive Landscape

Product Code: ETC5874645	Publication Date: Nov 2023	Updated Date: Nov 2025	Product Type: Market Research Report
Publisher: 6Wresearch	Author: Ravi Bhandari	No. of Pages: 60	No. of Figures: 30	No. of Tables: 5

Latvia Light Electric Vehicles (Levs) Market Top 5 Importing Countries and Market Competition (HHI) Analysis

The Latvia light electric vehicles (LEVs) import market experienced significant growth in 2024, with top exporting countries being Estonia, Germany, Netherlands, Lithuania, and Czechia. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting a competitive landscape dominated by a few key players. The impressive compound annual growth rate (CAGR) of 66.84% from 2020 to 2024 showcases the increasing demand for LEVs in Latvia. Moreover, the remarkable growth rate of 96.0% from 2023 to 2024 highlights the accelerating pace of adoption in the market, signaling a promising outlook for the industry.

Latvia Light Electric Vehicles (Levs) Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

Latvia Light Electric Vehicles (LEVs) Market Outlook
Market Size of Latvia Light Electric Vehicles (LEVs) Market, 2024
Forecast of Latvia Light Electric Vehicles (LEVs) Market, 2031
Historical Data and Forecast of Latvia Light Electric Vehicles (LEVs) Revenues & Volume for the Period 2021-2031
Latvia Light Electric Vehicles (LEVs) Market Trend Evolution
Latvia Light Electric Vehicles (LEVs) Market Drivers and Challenges
Latvia Light Electric Vehicles (LEVs) Price Trends
Latvia Light Electric Vehicles (LEVs) Porter`s Five Forces
Latvia Light Electric Vehicles (LEVs) Industry Life Cycle
Historical Data and Forecast of Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume By Application for the Period 2021-2031
Historical Data and Forecast of Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume By Personal Mobility for the Period 2021-2031
Historical Data and Forecast of Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume By Shared Mobility for the Period 2021-2031
Historical Data and Forecast of Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume By Recreation & Sports for the Period 2021-2031
Historical Data and Forecast of Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume By Commercial for the Period 2021-2031
Historical Data and Forecast of Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume By Vehicle Category for the Period 2021-2031
Historical Data and Forecast of Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume By 2-wheelers for the Period 2021-2031
Historical Data and Forecast of Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume By 3-wheelers for the Period 2021-2031
Historical Data and Forecast of Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume By 4-wheelers for the Period 2021-2031
Historical Data and Forecast of Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume By Power Output for the Period 2021-2031
Historical Data and Forecast of Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume By Less than 6 kW for the Period 2021-2031
Historical Data and Forecast of Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume By 6-9 kW for the Period 2021-2031
Historical Data and Forecast of Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume By 9-15 kW for the Period 2021-2031
Latvia Light Electric Vehicles (LEVs) Import Export Trade Statistics
Market Opportunity Assessment By Application
Market Opportunity Assessment By Vehicle Category
Market Opportunity Assessment By Power Output
Latvia Light Electric Vehicles (LEVs) Top Companies Market Share
Latvia Light Electric Vehicles (LEVs) Competitive Benchmarking By Technical and Operational Parameters
Latvia Light Electric Vehicles (LEVs) Company Profiles
Latvia Light Electric Vehicles (LEVs) Key Strategic Recommendations

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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 Light Electric Vehicles (LEVs) Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Light Electric Vehicles (LEVs) Market - Industry Life Cycle

3.4 Latvia Light Electric Vehicles (LEVs) Market - Porter's Five Forces

3.5 Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume Share, By Application, 2021 & 2031F

3.6 Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume Share, By Vehicle Category, 2021 & 2031F

3.7 Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume Share, By Power Output, 2021 & 2031F

4 Latvia Light Electric Vehicles (LEVs) Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Government subsidies and incentives for electric vehicles

4.2.2 Growing environmental awareness and emphasis on sustainability

4.2.3 Increasing urbanization and focus on reducing traffic congestion in cities

4.3 Market Restraints

4.3.1 Limited charging infrastructure for electric vehicles

4.3.2 High upfront cost of light electric vehicles compared to traditional vehicles

4.3.3 Range anxiety and perceived limitations of electric vehicles

5 Latvia Light Electric Vehicles (LEVs) Market Trends

6 Latvia Light Electric Vehicles (LEVs) Market Segmentations

6.1 Latvia Light Electric Vehicles (LEVs) Market, By Application

6.1.1 Overview and Analysis

6.1.2 Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume, By Personal Mobility, 2021-2031F

6.1.3 Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume, By Shared Mobility, 2021-2031F

6.1.4 Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume, By Recreation & Sports, 2021-2031F

6.1.5 Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume, By Commercial, 2021-2031F

6.2 Latvia Light Electric Vehicles (LEVs) Market, By Vehicle Category

6.2.1 Overview and Analysis

6.2.2 Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume, By 2-wheelers, 2021-2031F

6.2.3 Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume, By 3-wheelers, 2021-2031F

6.2.4 Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume, By 4-wheelers, 2021-2031F

6.3 Latvia Light Electric Vehicles (LEVs) Market, By Power Output

6.3.1 Overview and Analysis

6.3.2 Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume, By Less than 6 kW, 2021-2031F

6.3.3 Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume, By 6-9 kW, 2021-2031F

6.3.4 Latvia Light Electric Vehicles (LEVs) Market Revenues & Volume, By 9-15 kW, 2021-2031F

7 Latvia Light Electric Vehicles (LEVs) Market Import-Export Trade Statistics

7.1 Latvia Light Electric Vehicles (LEVs) Market Export to Major Countries

7.2 Latvia Light Electric Vehicles (LEVs) Market Imports from Major Countries

8 Latvia Light Electric Vehicles (LEVs) Market Key Performance Indicators

8.1 Average charging station availability per capita in urban areas

8.2 Percentage of new car registrations that are light electric vehicles

8.3 Investment in infrastructure for electric vehicles, such as charging stations and battery swapping stations

9 Latvia Light Electric Vehicles (LEVs) Market - Opportunity Assessment

9.1 Latvia Light Electric Vehicles (LEVs) Market Opportunity Assessment, By Application, 2021 & 2031F

9.2 Latvia Light Electric Vehicles (LEVs) Market Opportunity Assessment, By Vehicle Category, 2021 & 2031F

9.3 Latvia Light Electric Vehicles (LEVs) Market Opportunity Assessment, By Power Output, 2021 & 2031F

10 Latvia Light Electric Vehicles (LEVs) Market - Competitive Landscape

10.1 Latvia Light Electric Vehicles (LEVs) Market Revenue Share, By Companies, 2024

10.2 Latvia Light Electric Vehicles (LEVs) Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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Export potential assessment - trade Analytics for 2030

Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.

By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.

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