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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)
📈 Registrations
19029 Total BEVs Registered so far (since 2019)
- 🔋BEV: ↑ Increase +120,67% — best month on record! 🏆(918 vs 416)
- 🔌PHEV: ↓ Decrease -33,80%(750 vs 1133)
- 🔀HEV: ↑ Increase +20,97%(4672 vs 3862)
- 🔥ICE: ↓ Decrease -43,32%(3332 vs 5879)
📊 Market Share
- 🔋BEV: ↑ Increase +5,81% — best month on record! 🏆(9,49% vs 3,68%)
- 🔌PHEV: ↓ Decrease −2,29%(7,75% vs 10,04%)
- 🔀HEV: ↑ Increase +14,10% — best month on record! 🏆(48,30% vs 34,20%)
- 🔥ICE: ↓ Decrease −17,62% — worst month on record! 💀(34,45% vs 52,07%)