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Terminology

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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

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Monthly Insights - (February 2023 vs February 2022)

📈 Registrations

  • 6798 Total BEVs Registered so far (since 2019)

  • 🔋BEV: ↑ Increase +192,59% — best month on record! 🏆
    (395 vs 135)
  • 🔌PHEV: ↑ Increase +1,84%
    (497 vs 488)
  • 🔀HEV: ↑ Increase +15,08%
    (2839 vs 2467)
  • 🔥ICE: ↑ Increase +15,05%
    (6229 vs 5414)

📊 Market Share

  • 🔋BEV: ↑ Increase +2,38%
    (3,97% vs 1,59%)
  • 🔌PHEV: ↓ Decrease −0,75%
    (4,99% vs 5,74%)
  • 🔀HEV: ↓ Decrease −0,50%
    (28,50% vs 29,00%)
  • 🔥ICE: ↓ Decrease −1,12%
    (62,54% vs 63,66%)
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