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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: - March 2024

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Monthly Insights - (March 2024 vs March 2023)

📈 Registrations

  • 14089 Total BEVs Registered so far (since 2019)

  • 🔋BEV: ↓ Decrease -24,17%
    (549 vs 724)
  • 🔌PHEV: ↓ Decrease -16,18%
    (689 vs 822)
  • 🔀HEV: ↑ Increase +21,95% — best month on record! 🏆
    (4667 vs 3827)
  • 🔥ICE: ↓ Decrease -16,93%
    (6573 vs 7913)

📊 Market Share

  • 🔋BEV: ↓ Decrease −1,05%
    (4,40% vs 5,45%)
  • 🔌PHEV: ↓ Decrease −0,67%
    (5,52% vs 6,19%)
  • 🔀HEV: ↑ Increase +8,60%
    (37,40% vs 28,80%)
  • 🔥ICE: ↓ Decrease −6,88%
    (52,68% vs 59,56%)

Quarterly Insights - (2024 Q1 vs 2023 Q1)

📈 Registrations

  • 🔋BEV: ↑ Increase +13,51%
    (1580 vs 1392)
  • 🔌PHEV: ↑ Increase +13,93%
    (2012 vs 1766)
  • 🔀HEV: ↑ Increase +49,21% — best quarter on record! 🏆
    (13705 vs 9185)
  • 🔥ICE: ↓ Decrease -9,54%
    (19394 vs 21439)

📊 Market Share

  • 🔋BEV: ↑ Increase +0,19%
    (4,31% vs 4,12%)
  • 🔌PHEV: ↑ Increase +0,25%
    (5,48% vs 5,23%)
  • 🔀HEV: ↑ Increase +10,16% — best quarter on record! 🏆
    (37,35% vs 27,19%)
  • 🔥ICE: ↓ Decrease −10,60%
    (52,86% vs 63,46%)
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