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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 2022
Quarterly Insights - (2022 Q1 vs 2021 Q1)
- Increase of BEV Registrations (505 vs 419) by +20,53% YoY
- Increase of PHEV Registrations (1274 vs 878) by +45,10% YoY
- Decrease of ICE Registrations (14486 vs 17097) by -15,27% YoY
- Increase of BEV Market share (2,25% vs 1,79%)
- Increase of PHEV Market share (5,68% vs 3,75%)
- Decrease of ICE Market share (64,53% vs 72,94%)
Monthly Insights - (March 2022 vs March 2021)
- 3808 Total BEVs Registered so far (since 2019)
- Increase of PHEV Registrations (515 vs 296) by +73,99% YoY
- Decrease of ICE Registrations (5335 vs 6555) by -18,61% YoY
- Increase of BEV Market share (3,30% vs 3,14%)
- Increase of PHEV Market share (6,12% vs 3,29%)
- Decrease of ICE Market share (63,38% vs 72,96%)