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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: - August 2023
Monthly Insights - (August 2023 vs August 2022)
- 10318 Total BEVs Registered so far (since 2019)
- Increase of BEV Registrations (403 vs 198) by +103,54% YoY
- Increase of PHEV Registrations (636 vs 381) by +66,93% YoY
- Increase of BEV Market share (3,89% vs 2,29%)
- Increase of PHEV Market share (6,13% vs 4,40%)
- Decrease of ICE Market share (60,88% vs 70,20%)