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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: - September 2023
Monthly Insights - (September 2023 vs September 2022)
📈 Registrations
11073 Total BEVs Registered so far (since 2019)
- 🔋BEV: ↑ Increase +167,73% — best month on record! 🏆(755 vs 282)
- 🔌PHEV: ↑ Increase +191,78% — best month on record! 🏆(1100 vs 377)
- 🔀HEV: ↑ Increase +50,40%(3936 vs 2617)
- 🔥ICE: ↑ Increase +5,31%(5615 vs 5332)
📊 Market Share
- 🔋BEV: ↑ Increase +3,34% — best month on record! 🏆(6,62% vs 3,28%)
- 🔌PHEV: ↑ Increase +5,26% — best month on record! 🏆(9,64% vs 4,38%)
- 🔀HEV: ↑ Increase +4,10% — best month on record! 🏆(34,50% vs 30,40%)
- 🔥ICE: ↓ Decrease −12,71% — worst month on record! 💀(49,23% vs 61,94%)
Quarterly Insights - (2023 Q3 vs 2022 Q3)
📈 Registrations
- 🔋BEV: ↑ Increase +144,84%(1731 vs 707)
- 🔌PHEV: ↑ Increase +117,52% — best quarter on record! 🏆(2421 vs 1113)
- 🔀HEV: ↑ Increase +47,84%(10721 vs 7252)
- 🔥ICE: ↑ Increase +1,14%(19294 vs 19076)
📊 Market Share
- 🔋BEV: ↑ Increase +2,56% — best quarter on record! 🏆(5,07% vs 2,51%)
- 🔌PHEV: ↑ Increase +3,14%(7,09% vs 3,95%)
- 🔀HEV: ↑ Increase +5,62% — best quarter on record! 🏆(31,38% vs 25,76%)
- 🔥ICE: ↓ Decrease −11,30% — worst quarter on record! 💀(56,47% vs 67,77%)