Latvia Electric Car Market (2025-2031) | Growth, Companies, Segmentation, Size & Revenue, Industry, Analysis, Value, Trends, Outlook, Share, Forecast, Competitive Landscape
Market Forecast By Configuration (Vehicle Congfiguration, Hatchback, Multi-purpose Vehicle, Sedan, Sports Utility Vehicle), By Fuel Category (BEV, FCEV, HEV, PHEV) And Competitive Landscape
| Product Code: ETC7910064 | 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 |
Latvia Electric Car Market Top 5 Importing Countries and Market Competition (HHI) Analysis
The electric car import market in Latvia continues to thrive in 2024, with significant shipments coming from neighboring countries such as Estonia, Lithuania, and Germany. The high Herfindahl-Hirschman Index (HHI) indicates a concentrated market, with top exporters dominating the import landscape. The impressive compound annual growth rate (CAGR) of 61.19% from 2020 to 2024 highlights the rapid expansion of the electric car market in Latvia. Moreover, the remarkable growth rate of 123.88% from 2023 to 2024 suggests a surge in demand for electric vehicles, underlining the country`s increasing focus on sustainable transportation solutions.
Key Highlights of the Report:
- Latvia Electric Car Market Outlook
- Market Size of Latvia Electric Car Market, 2024
- Forecast of Latvia Electric Car Market, 2031
- Historical Data and Forecast of Latvia Electric Car Revenues & Volume for the Period 2021- 2031
- Latvia Electric Car Market Trend Evolution
- Latvia Electric Car Market Drivers and Challenges
- Latvia Electric Car Price Trends
- Latvia Electric Car Porter's Five Forces
- Latvia Electric Car Industry Life Cycle
- Historical Data and Forecast of Latvia Electric Car Market Revenues & Volume By Configuration for the Period 2021- 2031
- Historical Data and Forecast of Latvia Electric Car Market Revenues & Volume By Vehicle Congfiguration for the Period 2021- 2031
- Historical Data and Forecast of Latvia Electric Car Market Revenues & Volume By Hatchback for the Period 2021- 2031
- Historical Data and Forecast of Latvia Electric Car Market Revenues & Volume By Multi-purpose Vehicle for the Period 2021- 2031
- Historical Data and Forecast of Latvia Electric Car Market Revenues & Volume By Sedan for the Period 2021- 2031
- Historical Data and Forecast of Latvia Electric Car Market Revenues & Volume By Sports Utility Vehicle for the Period 2021- 2031
- Historical Data and Forecast of Latvia Electric Car Market Revenues & Volume By Fuel Category for the Period 2021- 2031
- Historical Data and Forecast of Latvia Electric Car Market Revenues & Volume By BEV for the Period 2021- 2031
- Historical Data and Forecast of Latvia Electric Car Market Revenues & Volume By FCEV for the Period 2021- 2031
- Historical Data and Forecast of Latvia Electric Car Market Revenues & Volume By HEV for the Period 2021- 2031
- Historical Data and Forecast of Latvia Electric Car Market Revenues & Volume By PHEV for the Period 2021- 2031
- Latvia Electric Car Import Export Trade Statistics
- Market Opportunity Assessment By Configuration
- Market Opportunity Assessment By Fuel Category
- Latvia Electric Car Top Companies Market Share
- Latvia Electric Car Competitive Benchmarking By Technical and Operational Parameters
- Latvia Electric Car Company Profiles
- Latvia Electric Car Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Electric Car Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Electric Car Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Car Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Electric Car Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Electric Car Market - Industry Life Cycle |
3.4 Latvia Electric Car Market - Porter's Five Forces |
3.5 Latvia Electric Car Market Revenues & Volume Share, By Configuration, 2021 & 2031F |
3.6 Latvia Electric Car Market Revenues & Volume Share, By Fuel Category, 2021 & 2031F |
4 Latvia Electric Car Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latvia Electric Car Market Trends |
6 Latvia Electric Car Market, By Types |
6.1 Latvia Electric Car Market, By Configuration |
6.1.1 Overview and Analysis |
6.1.2 Latvia Electric Car Market Revenues & Volume, By Configuration, 2021- 2031F |
6.1.3 Latvia Electric Car Market Revenues & Volume, By Vehicle Congfiguration, 2021- 2031F |
6.1.4 Latvia Electric Car Market Revenues & Volume, By Hatchback, 2021- 2031F |
6.1.5 Latvia Electric Car Market Revenues & Volume, By Multi-purpose Vehicle, 2021- 2031F |
6.1.6 Latvia Electric Car Market Revenues & Volume, By Sedan, 2021- 2031F |
6.1.7 Latvia Electric Car Market Revenues & Volume, By Sports Utility Vehicle, 2021- 2031F |
6.2 Latvia Electric Car Market, By Fuel Category |
6.2.1 Overview and Analysis |
6.2.2 Latvia Electric Car Market Revenues & Volume, By BEV, 2021- 2031F |
6.2.3 Latvia Electric Car Market Revenues & Volume, By FCEV, 2021- 2031F |
6.2.4 Latvia Electric Car Market Revenues & Volume, By HEV, 2021- 2031F |
6.2.5 Latvia Electric Car Market Revenues & Volume, By PHEV, 2021- 2031F |
7 Latvia Electric Car Market Import-Export Trade Statistics |
7.1 Latvia Electric Car Market Export to Major Countries |
7.2 Latvia Electric Car Market Imports from Major Countries |
8 Latvia Electric Car Market Key Performance Indicators |
9 Latvia Electric Car Market - Opportunity Assessment |
9.1 Latvia Electric Car Market Opportunity Assessment, By Configuration, 2021 & 2031F |
9.2 Latvia Electric Car Market Opportunity Assessment, By Fuel Category, 2021 & 2031F |
10 Latvia Electric Car Market - Competitive Landscape |
10.1 Latvia Electric Car Market Revenue Share, By Companies, 2024 |
10.2 Latvia Electric Car Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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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