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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: - August 2021
Monthly Insights - (August 2021 vs August 2020)
- 2375 Total BEVs Registered so far (since 2019)
- Increase of BEV Registrations (68 vs 50) by +36,00% YoY
- Increase of PHEV Registrations (323 vs 96) by +236,46% YoY
- Decrease of ICE Registrations (4190 vs 5925) by -29,28% YoY - worst month so far!
- Increase of BEV Market share (1,10% vs 0,73%)
- Increase of PHEV Market share (5,21% vs 1,40%)
- Decrease of ICE Market share (67,58% vs 86,46%) - worst month so far!