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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: - August 2023

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Monthly Insights - (August 2023 vs August 2022)

📈 Registrations

  • 10318 Total BEVs Registered so far (since 2019)

  • 🔋BEV: ↑ Increase +103,54%
    (403 vs 198)
  • 🔌PHEV: ↑ Increase +66,93%
    (636 vs 381)
  • 🔀HEV: ↑ Increase +50,82%
    (3018 vs 2001)
  • 🔥ICE: ↑ Increase +3,87%
    (6314 vs 6079)

📊 Market Share

  • 🔋BEV: ↑ Increase +1,60%
    (3,89% vs 2,29%)
  • 🔌PHEV: ↑ Increase +1,73%
    (6,13% vs 4,40%)
  • 🔀HEV: ↑ Increase +6,00%
    (29,10% vs 23,10%)
  • 🔥ICE: ↓ Decrease −9,32%
    (60,88% vs 70,20%)
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