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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: - May 2022
Monthly Insights - (May 2022 vs May 2021)
- 4271 Total BEVs Registered so far (since 2019)
- Increase of BEV Registrations (234 vs 98) by +138,78% YoY
- Increase of PHEV Registrations (525 vs 455) by +15,38% YoY
- Increase of BEV Market share (1,95% vs 0,90%)
- Increase of PHEV Market share (4,38% vs 4,19%)
- Decrease of ICE Market share (67,67% vs 74,40%)