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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: - January 2024
Monthly Insights - (January 2024 vs January 2023)
- 12959 Total BEVs Registered so far (since 2019)
- Increase of BEV Registrations (450 vs 273) by +64,84% YoY
- Increase of PHEV Registrations (798 vs 447) by +78,52% YoY
- Decrease of ICE Registrations (6919 vs 7297) by -5,18% YoY
- Increase of BEV Market share (3,53% vs 2,59%)
- Increase of PHEV Market share (6,25% vs 4,24%)
- Decrease of ICE Market share (54,22% vs 69,26%)