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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: - July 2023
Monthly Insights - (July 2023 vs July 2022)
- 9915 Total BEVs Registered so far (since 2019)
- Increase of BEV Registrations (573 vs 227) by +152,42% YoY
- Increase of PHEV Registrations (685 vs 355) by +92,96% YoY
- Decrease of ICE Registrations (7365 vs 7665) by -3,91% YoY
- Increase of BEV Market share (4,62% vs 2,09%)
- Increase of PHEV Market share (5,53% vs 3,26%)
- Decrease of ICE Market share (59,44% vs 70,44%)