Key Market Indicators
The Finnish electric vehicle (EV) market is projected to experience significant growth, with registrations expected to nearly double by 2028. According to industry forecasts, the number of EV registrations in Finland will reach approximately 76,000 units by 2028, up from around 39,000 units in 2023. This represents a compound annual growth rate (CAGR) of 10.2%. Since 2019, Finland's EV market has shown a robust upward trajectory, with an average annual growth rate of 47.2%. In 2023, Finland ranked 14th globally in terms of EV registrations. Portugal narrowly surpassed Finland, also registering approximately 39,000 units. Leading the rankings, Sweden, Italy, and the Netherlands occupied the second, third, and fourth positions, respectively, in EV registrations for 2023. This data underscores a growing trend towards electric mobility across Europe, with multiple countries making significant strides in the adoption of electric vehicles.