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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)
📈 Registrations
20135 Total BEVs Registered so far (since 2019)
- 🔋BEV: ↑ Increase +149,66% — best month on record! 🏆(1106 vs 443)
- 🔌PHEV: ↓ Decrease -27,01%(727 vs 996)
- 🔀HEV: ↑ Increase +40,85%(4727 vs 3356)
- 🔥ICE: ↓ Decrease -27,37%(4110 vs 5659)
📊 Market Share
- 🔋BEV: ↑ Increase +6,13% — best month on record! 🏆(10,37% vs 4,24%)
- 🔌PHEV: ↓ Decrease −2,72%(6,81% vs 9,53%)
- 🔀HEV: ↑ Increase +12,20%(44,30% vs 32,10%)
- 🔥ICE: ↓ Decrease −15,61%(38,52% vs 54,13%)