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Terminology

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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: - October 2022

Monthly Insights - (October 2022 vs October 2021)

  • 5537 Total BEVs Registered so far (since 2019)
  • Increase of BEV Registrations (241 vs 99) by +143,43% YoY
  • Increase of PHEV Registrations (592 vs 475) by +24,63% YoY - best month so far!
  • Increase of BEV Market share (3,09% vs 1,56%)
  • Increase of PHEV Market share (7,59% vs 7,50%)
  • Decrease of ICE Market share (62,92% vs 63,53%)
See Previous Insights
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