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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: - January 2024

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Monthly Insights - (January 2024 vs January 2023)

📈 Registrations

  • 12959 Total BEVs Registered so far (since 2019)

  • 🔋BEV: ↑ Increase +64,84%
    (450 vs 273)
  • 🔌PHEV: ↑ Increase +78,52%
    (798 vs 447)
  • 🔀HEV: ↑ Increase +82,41% — best month on record! 🏆
    (4595 vs 2519)
  • 🔥ICE: ↓ Decrease -5,18%
    (6919 vs 7297)

📊 Market Share

  • 🔋BEV: ↑ Increase +0,94%
    (3,53% vs 2,59%)
  • 🔌PHEV: ↑ Increase +2,01%
    (6,25% vs 4,24%)
  • 🔀HEV: ↑ Increase +12,10%
    (36,00% vs 23,90%)
  • 🔥ICE: ↓ Decrease −15,04%
    (54,22% vs 69,26%)
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