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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: - March 2021
Quarterly Insights - (2021 Q1 vs 2020 Q1)
- Increase of BEV Registrations (419 vs 71) by +490,14% YoY - best quarter so far!
- Increase of PHEV Registrations (878 vs 88) by +897,73% YoY - best quarter so far!
- Decrease of ICE Registrations (17097 vs 18658) by -8,37% YoY
- Increase of BEV Market share (1,79% vs 0,33%)
- Increase of PHEV Market share (3,75% vs 0,41%)
- Decrease of ICE Market share (72,94% vs 87,22%) - worst quarter so far!
Monthly Insights - (March 2021 vs March 2020)
- 1546 Total BEVs Registered so far (since 2019)
- Increase of BEV Registrations (282 vs 20) by +1.310,00% YoY - best month so far!
- Increase of PHEV Registrations (296 vs 22) by +1.245,45% YoY
- Increase of BEV Market share (3,14% vs 0,53%) - best month so far!
- Increase of PHEV Market share (3,29% vs 0,59%)
- Decrease of ICE Market share (72,96% vs 85,47%)