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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: - November 2024
Monthly Insights - (November 2024 vs November 2023)
- 20135 Total BEVs Registered so far (since 2019)
- Increase of BEV Registrations (1106 vs 443) by +149,66% YoY - best month so far!
- Decrease of ICE Registrations (4110 vs 5659) by -27,37% YoY
- Increase of BEV Market share (10,37% vs 4,24%) - best month so far!
- Decrease of ICE Market share (38,52% vs 54,13%)