| Product Code: ETC7920663 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Summon Dutta | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The market for importing right-hand drive electric vehicles in Latvia saw significant growth in 2024, with top exporting countries being Estonia, Germany, Netherlands, Sweden, and Austria. The Herfindahl-Hirschman Index (HHI) remained at a high concentration level, indicating a competitive market. The compound annual growth rate (CAGR) from 2020 to 2024 was an impressive 89.5%, showcasing the increasing demand for electric vehicles in Latvia. The growth rate from 2023 to 2024 stood at 46.66%, highlighting the accelerated pace of adoption in the market.

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 Right Hand Drive Electric Vehicle Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Right Hand Drive Electric Vehicle Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Right Hand Drive Electric Vehicle Market - Industry Life Cycle |
3.4 Latvia Right Hand Drive Electric Vehicle Market - Porter's Five Forces |
3.5 Latvia Right Hand Drive Electric Vehicle Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Latvia Right Hand Drive Electric Vehicle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Government incentives and subsidies for electric vehicles |
4.2.2 Growing environmental awareness and focus on reducing carbon emissions |
4.2.3 Advancements in technology leading to improved range and performance of electric vehicles |
4.3 Market Restraints |
4.3.1 High initial cost of electric vehicles compared to traditional gasoline vehicles |
4.3.2 Limited charging infrastructure in Latvia for electric vehicles |
4.3.3 Consumer concerns over battery life and charging times |
5 Latvia Right Hand Drive Electric Vehicle Market Trends |
6 Latvia Right Hand Drive Electric Vehicle Market, By Types |
6.1 Latvia Right Hand Drive Electric Vehicle Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Right Hand Drive Electric Vehicle Market Revenues & Volume, By Vehicle Type, 2021- 2031F |
6.1.3 Latvia Right Hand Drive Electric Vehicle Market Revenues & Volume, By Passenger Vehicle, 2021- 2031F |
6.1.4 Latvia Right Hand Drive Electric Vehicle Market Revenues & Volume, By Commercial Vehicle, 2021- 2031F |
7 Latvia Right Hand Drive Electric Vehicle Market Import-Export Trade Statistics |
7.1 Latvia Right Hand Drive Electric Vehicle Market Export to Major Countries |
7.2 Latvia Right Hand Drive Electric Vehicle Market Imports from Major Countries |
8 Latvia Right Hand Drive Electric Vehicle Market Key Performance Indicators |
8.1 Number of public charging stations in Latvia |
8.2 Average battery range of electric vehicles available in the market |
8.3 Percentage of government budget allocated to support electric vehicle adoption |
8.4 Average maintenance cost of electric vehicles compared to traditional vehicles |
8.5 Adoption rate of electric vehicles among corporate fleets in Latvia |
9 Latvia Right Hand Drive Electric Vehicle Market - Opportunity Assessment |
9.1 Latvia Right Hand Drive Electric Vehicle Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Latvia Right Hand Drive Electric Vehicle Market - Competitive Landscape |
10.1 Latvia Right Hand Drive Electric Vehicle Market Revenue Share, By Companies, 2024 |
10.2 Latvia Right Hand Drive Electric Vehicle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |