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Terminology
BEV = Battery Electric Vehicles
PHEV = Plug-in Hybrid Electric Vehicles (internal combustion engine with larger battery and plug)
NEV = New Electric Vehicles - Rechargeable (with plug) total of BEV + PHEV
HEV = Hybrid Electric Vehicles (internal combustion engine with small battery and no plug)
ICE = Internal Combustion Engine Vehicles without battery
MoM % = Month over Month Registrations % Growth/Decline
QoQ % = Quarter over Quarter Registrations % Growth/Decline
YoY % = Year over Year Registrations % Growth/Decline
Key Insights: - November 2021
Monthly Insights - (November 2021 vs November 2020)
- 3010 Total BEVs Registered so far (since 2019)
- Increase of BEV Registrations (295 vs 114) by +158,77% YoY
- Increase of PHEV Registrations (547 vs 226) by +142,04% YoY - best month so far!
- Decrease of ICE Registrations (4476 vs 5780) by -22,56% YoY
- Increase of BEV Market share (4,12% vs 1,49%) - best month so far!
- Increase of PHEV Market share (7,63% vs 2,96%)
- Decrease of ICE Market share (62,44% vs 75,64%) - worst month so far!