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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: - October 2023
Monthly Insights - (October 2023 vs October 2022)
- 11489 Total BEVs Registered so far (since 2019)
- Increase of BEV Registrations (416 vs 241) by +72,61% YoY
- Increase of PHEV Registrations (1133 vs 592) by +91,39% YoY - best month so far!
- Increase of BEV Market share (3,68% vs 3,09%)
- Increase of PHEV Market share (10,04% vs 7,59%) - best month so far!
- Decrease of ICE Market share (52,07% vs 62,92%)