Industry revenue of »retail sale of automotive fuel in specialised stores« in Latvia 2011-2023
The growth of the electric and hybrid vehicle market is set to further impact the industry in the medium to long term. Apart from being eco-friendly, the fuel costs for hybrid vehicles are far lower. The government is offering various benefits on electric vehicles such as subsidies on vehicle operating tax and free parking in various parking lots across the country. Experts predict that the number of electric vehicles in the country will exceed 36,000 by 2030.