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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: - June 2023
Quarterly Insights - (2023 Q2 vs 2022 Q2)
- Increase of BEV Registrations (1820 vs 781) by +133,03% YoY - best quarter so far!
- Increase of PHEV Registrations (1854 vs 1533) by +20,94% YoY - best quarter so far!
- Increase of BEV Market share (4,97% vs 2,41%) - best quarter so far!
- Increase of PHEV Market share (5,07% vs 4,73%)
- Decrease of ICE Market share (60,41% vs 64,10%) - worst quarter so far!
Monthly Insights - (June 2023 vs June 2022)
- 9342 Total BEVs Registered so far (since 2019)
- Increase of BEV Registrations (637 vs 318) by +100,31% YoY
- Increase of PHEV Registrations (695 vs 475) by +46,32% YoY
- Increase of BEV Market share (4,76% vs 2,87%)
- Increase of PHEV Market share (5,19% vs 4,28%)
- Decrease of ICE Market share (59,65% vs 60,75%)