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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: - May 2023

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Monthly Insights - (May 2023 vs May 2022)

📈 Registrations

  • 8705 Total BEVs Registered so far (since 2019)

  • 🔋BEV: ↑ Increase +207,69%
    (720 vs 234)
  • 🔌PHEV: ↑ Increase +38,10%
    (725 vs 525)
  • 🔀HEV: ↑ Increase +19,24%
    (3719 vs 3119)
  • 🔥ICE: ↓ Decrease -3,98%
    (7794 vs 8117)

📊 Market Share

  • 🔋BEV: ↑ Increase +3,61% — best month on record! 🏆
    (5,56% vs 1,95%)
  • 🔌PHEV: ↑ Increase +1,21%
    (5,59% vs 4,38%)
  • 🔀HEV: ↑ Increase +2,70%
    (28,70% vs 26,00%)
  • 🔥ICE: ↓ Decrease −7,52%
    (60,15% vs 67,67%)
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