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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: - May 2024
Monthly Insights - (May 2024 vs May 2023)
📈 Registrations
15098 Total BEVs Registered so far (since 2019)
- 🔋BEV: ↓ Decrease -43,75%(405 vs 720)
- 🔌PHEV: ↓ Decrease -10,90%(646 vs 725)
- 🔀HEV: ↑ Increase +61,01% — best month on record! 🏆(5988 vs 3719)
- 🔥ICE: ↓ Decrease -13,70%(6726 vs 7794)
📊 Market Share
- 🔋BEV: ↓ Decrease −2,62%(2,94% vs 5,56%)
- 🔌PHEV: ↓ Decrease −0,90%(4,69% vs 5,59%)
- 🔀HEV: ↑ Increase +14,80% — best month on record! 🏆(43,50% vs 28,70%)
- 🔥ICE: ↓ Decrease −11,29%(48,86% vs 60,15%)