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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: - February 2021
Monthly Insights - (February 2021 vs February 2020)
- 1264 Total BEVs Registered so far (since 2019)
- Increase of BEV Registrations (68 vs 33) by +106,06% YoY
- Increase of PHEV Registrations (259 vs 28) by +825,00% YoY
- Decrease of ICE Registrations (4884 vs 6865) by -28,86% YoY
- Increase of BEV Market share (1,02% vs 0,42%)
- Increase of PHEV Market share (3,87% vs 0,36%)
- Decrease of ICE Market share (73,00% vs 87,32%)