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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 2022
Yearly Insights - (2022 vs 2021)
- Increase of BEV Registrations (2827 vs 2176) by +29,92% YoY - best year so far!
- Increase of PHEV Registrations (5493 vs 4789) by +14,70% YoY - best year so far!
- BEV-PHEV mix moved in favor of BEV this year: (33,98% - 66,02%) compared to last year: (31,24% - 68,76%)
- Decrease of ICE Registrations (68049 vs 70636) by -3,66% YoY
- Increase of BEV Market share (2,68% vs 2,16%) - best year so far!
- Increase of PHEV Market share (5,21% vs 4,75%) - best year so far!
- Decrease of ICE Market share (64,60% vs 69,99%) - worst year so far!
Quarterly Insights - (2022 Q4 vs 2021 Q4)
- Increase of BEV Registrations (834 vs 687) by +21,40% YoY - best quarter so far!
- Increase of PHEV Registrations (1573 vs 1475) by +6,64% YoY - best quarter so far!
- Increase of BEV Market share (3,73% vs 3,59%) - best quarter so far!
- Decrease of ICE Market share (61,39% vs 62,17%) - worst quarter so far!
Monthly Insights - (December 2022 vs December 2021)
- 6130 Total BEVs Registered so far (since 2019)
- Increase of BEV Registrations (310 vs 293) by +5,80% YoY
- Increase of PHEV Registrations (515 vs 453) by +13,69% YoY