Key Market Indicators
Portugal's electric vehicle (EV) registrations are projected to soar to approximately 73,000 units by 2028, up from around 40,000 units in 2023. This marks an average annual growth rate of 9.3%. Since 2019, the Portuguese market has seen a significant annual increase of nearly 39%. In 2023, Portugal ranked 13th globally in EV registrations, with Austria surpassing it by registering 40,270 units. Leading the rankings were Sweden, Italy, and the Netherlands, holding the second, third, and fourth positions, respectively.
