Key Market Indicators
The Czech Republic's electric vehicle (EV) registrations are projected to hit approximately 25,290 units by 2028, up from around 12,510 units in 2023. This marks an average annual growth rate of 10.8%. Since 2019, the Czech EV market has experienced a significant uptick, with an average yearly increase of 66.4%. This surge highlights the country's accelerating shift towards sustainable transportation. In 2023, the Czech Republic ranked 17th globally in terms of EV registrations, with Hungary slightly ahead, also registering about 12,510 units. Leading the charge in this ranking were Sweden, Italy, and the Netherlands, securing the 2nd, 3rd, and 4th spots respectively.
