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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: - February 2023
Monthly Insights - (February 2023 vs February 2022)
- 6798 Total BEVs Registered so far (since 2019)
- Increase of BEV Registrations (395 vs 135) by +192,59% YoY - best month so far!
- Increase of PHEV Registrations (497 vs 488) by +1,84% YoY
- Increase of BEV Market share (3,97% vs 1,59%)
- Decrease of ICE Market share (62,54% vs 63,66%)