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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 2023
Monthly Insights - (March 2023 vs March 2022)
📈 Registrations
7522 Total BEVs Registered so far (since 2019)
- 🔋BEV: ↑ Increase +160,43% — best month on record! 🏆(724 vs 278)
- 🔌PHEV: ↑ Increase +59,61% — best month on record! 🏆(822 vs 515)
- 🔀HEV: ↑ Increase +67,12% — best month on record! 🏆(3827 vs 2290)
- 🔥ICE: ↑ Increase +48,32%(7913 vs 5335)
📊 Market Share
- 🔋BEV: ↑ Increase +2,15% — best month on record! 🏆(5,45% vs 3,30%)
- 🔌PHEV: ↑ Increase +0,07%(6,19% vs 6,12%)
- 🔀HEV: ↑ Increase +1,60%(28,80% vs 27,20%)
- 🔥ICE: ↓ Decrease −3,82%(59,56% vs 63,38%)
Quarterly Insights - (2023 Q1 vs 2022 Q1)
📈 Registrations
- 🔋BEV: ↑ Increase +175,64% — best quarter on record! 🏆(1392 vs 505)
- 🔌PHEV: ↑ Increase +38,62% — best quarter on record! 🏆(1766 vs 1274)
- 🔀HEV: ↑ Increase +48,55%(9185 vs 6183)
- 🔥ICE: ↑ Increase +48,00%(21439 vs 14486)
📊 Market Share
- 🔋BEV: ↑ Increase +1,87% — best quarter on record! 🏆(4,12% vs 2,25%)
- 🔌PHEV: ↓ Decrease −0,45%(5,23% vs 5,68%)
- 🔀HEV: ↓ Decrease −0,35%(27,19% vs 27,54%)
- 🔥ICE: ↓ Decrease −1,07%(63,46% vs 64,53%)