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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: - October 2024
Monthly Insights - (October 2024 vs October 2023)
- 19029 Total BEVs Registered so far (since 2019)
- Increase of BEV Registrations (918 vs 416) by +120,67% YoY - best month so far!
- Decrease of ICE Registrations (3332 vs 5879) by -43,32% YoY
- Increase of BEV Market share (9,49% vs 3,68%) - best month so far!
- Decrease of ICE Market share (34,45% vs 52,07%) - worst month so far!