Key Market Indicators
Lithuania's electric vehicle (EV) registrations are projected to nearly double to 1,800 units by 2028 from the current 900 units in 2023, according to recent market data. This growth represents a compound annual growth rate (CAGR) of 10.2%. The Lithuanian EV market has seen a significant surge since 2019, with a year-on-year increase of 44.8%. In the ranking of European countries for EV registrations in 2023, Lithuania secured the 22nd spot. Estonia slightly edged out Lithuania with 909 registered units. Leading the pack in this ranking were Sweden, Italy, and the Netherlands, occupying the second, third, and fourth positions respectively.
