Key Market Indicators
Estonia is poised to see a significant increase in electric vehicle registrations, with projections indicating a rise to approximately 1,460 units by 2028. This marks a substantial growth from the 836 units registered in 2023, reflecting an average annual growth rate of 8.3%. Since 2019, the Estonian market for electric vehicles has seen an impressive year-on-year increase of nearly 48%. In 2023, Estonia held the 23rd position globally in electric vehicle registrations. Slovakia, however, surpassed Estonia with the same number of 836 units. In the broader European context, Sweden, Italy, and the Netherlands secured the second, third, and fourth positions, respectively, in the ranking for electric vehicle registrations in 2023.
