Key Market Indicators
The number of electric vehicle registrations in Bulgaria is projected to rise to approximately 391 units by 2028, up from 302 units in 2023. This marks an average annual growth rate of 3.9%. Since 2019, the Bulgarian electric vehicle market has seen a yearly increase of 6.5%. In the 2023 rankings, Bulgaria held the 25th position, with Latvia surpassing it by registering 302 units. Leading the chart in electric vehicle registrations are Sweden, Italy, and the Netherlands, taking the second, third, and fourth spots respectively.
