Lightning-induced voltage waveforms on an overhead wire are analyzed by solving the Telegrapher's equation, in combination with numerical calculations of electric fields from return stroke currents as inducing sources. Based on an equivalent circuit newly developed for an explanation of this method, the roles of the vertical and horizontal electric fields in generating the induced voltage are studied, respectively. By numerical calculations, it is pointed out that the crest value of the lightning-induced voltage waveform at the end of the line is greatly affected by the ground conductivity and the lightning striking points. The accuracy of the computed results is ensured by comparison with the experimental results obtained from a geometrical model on a finitely conducting ground. >