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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: - January 2023
Monthly Insights - (January 2023 vs January 2022)
- 6403 Total BEVs Registered so far (since 2019)
- Increase of BEV Registrations (273 vs 92) by +196,74% YoY
- Increase of PHEV Registrations (447 vs 271) by +64,94% YoY
- Increase of BEV Market share (2,59% vs 1,66%)