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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 2024
Monthly Insights - (July 2024 vs July 2023)
📈 Registrations
16732 Total BEVs Registered so far (since 2019)
- 🔋BEV: ↑ Increase +53,93% — best month on record! 🏆(882 vs 573)
- 🔌PHEV: ↑ Increase +18,83%(814 vs 685)
- 🔀HEV: ↑ Increase +43,91%(5421 vs 3767)
- 🔥ICE: ↓ Decrease -30,88%(5091 vs 7365)
📊 Market Share
- 🔋BEV: ↑ Increase +2,60% — best month on record! 🏆(7,22% vs 4,62%)
- 🔌PHEV: ↑ Increase +1,14%(6,67% vs 5,53%)
- 🔀HEV: ↑ Increase +14,00%(44,40% vs 30,40%)
- 🔥ICE: ↓ Decrease −17,74% — worst month on record! 💀(41,70% vs 59,44%)