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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: - November 2023
Monthly Insights - (November 2023 vs November 2022)
- 11932 Total BEVs Registered so far (since 2019)
- Increase of BEV Registrations (443 vs 283) by +56,54% YoY
- Increase of PHEV Registrations (996 vs 466) by +113,73% YoY
- Increase of BEV Market share (4,24% vs 3,50%)
- Increase of PHEV Market share (9,53% vs 5,77%)
- Decrease of ICE Market share (54,13% vs 58,33%)