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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: - December 2021
Yearly Insights - (2021 vs 2020)
- Increase of BEV Registrations (2176 vs 681) by +219,53% YoY - best year so far!
- Increase of PHEV Registrations (4789 vs 1451) by +230,05% YoY - best year so far!
- Increase of BEV Market share (2,16% vs 0,84%) - best year so far!
- Increase of PHEV Market share (4,75% vs 1,79%) - best year so far!
- Decrease of ICE Market share (69,99% vs 82,90%) - worst year so far!
Quarterly Insights - (2021 Q4 vs 2020 Q4)
- Increase of BEV Registrations (687 vs 394) by +74,37% YoY - best quarter so far!
- Increase of PHEV Registrations (1475 vs 859) by +71,71% YoY - best quarter so far!
- Decrease of ICE Registrations (11911 vs 15887) by -25,03% YoY - worst quarter so far!
- Increase of BEV Market share (3,59% vs 1,88%) - best quarter so far!
- Increase of PHEV Market share (7,70% vs 4,10%) - best quarter so far!
- Decrease of ICE Market share (62,17% vs 75,90%) - worst quarter so far!
Monthly Insights - (December 2021 vs December 2020)
- 3303 Total BEVs Registered so far (since 2019)
- Increase of BEV Registrations (293 vs 188) by +55,85% YoY
- Decrease of ICE Registrations (3410 vs 4689) by -27,28% YoY - worst month so far!
- Increase of BEV Market share (5,18% vs 2,92%) - best month so far!
- Increase of PHEV Market share (8,01% vs 7,79%) - best month so far!
- Decrease of ICE Market share (60,30% vs 72,78%) - worst month so far!