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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: - December 2024
Monthly Insights - (December 2024 vs December 2023)
📈 Registrations
21216 Total BEVs Registered so far (since 2019)
- 🔋BEV: ↑ Increase +87,35%(1081 vs 577)
- 🔌PHEV: ↑ Increase +8,41%(722 vs 666)
- 🔀HEV: ↑ Increase +27,98%(3970 vs 3102)
- 🔥ICE: ↓ Decrease -24,85% — worst month on record! 💀(2933 vs 3903)
📊 Market Share
- 🔋BEV: ↑ Increase +5,42% — best month on record! 🏆(12,42% vs 7,00%)
- 🔌PHEV: ↑ Increase +0,22%(8,29% vs 8,07%)
- 🔀HEV: ↑ Increase +8,00%(45,60% vs 37,60%)
- 🔥ICE: ↓ Decrease −13,63% — worst month on record! 💀(33,69% vs 47,32%)
Quarterly Insights - (2024 Q4 vs 2023 Q4)
📈 Registrations
- 🔋BEV: ↑ Increase +116,23% — best quarter on record! 🏆(3105 vs 1436)
- 🔌PHEV: ↓ Decrease -21,32%(2199 vs 2795)
- 🔀HEV: ↑ Increase +29,54%(13369 vs 10320)
- 🔥ICE: ↓ Decrease -32,81% — worst quarter on record! 💀(10375 vs 15441)
📊 Market Share
- 🔋BEV: ↑ Increase +5,90% — best quarter on record! 🏆(10,69% vs 4,79%)
- 🔌PHEV: ↓ Decrease −1,75%(7,57% vs 9,32%)
- 🔀HEV: ↑ Increase +11,61%(46,02% vs 34,41%)
- 🔥ICE: ↓ Decrease −15,76% — worst quarter on record! 💀(35,72% vs 51,48%)
Yearly Insights - (2024 vs 2023)
📈 Registrations
- 🔋BEV: ↑ Increase +36,49% — best year on record! 🏆(8707 vs 6379)
- 🔌PHEV: ↓ Decrease -6,50% — best year on record! 🏆(8262 vs 8836)
- 🔀HEV: ↑ Increase +41,08% — best year on record! 🏆(57898 vs 41039)
- 🔥ICE: ↓ Decrease -20,46% — worst year on record! 💀(62263 vs 78281)
BEV-PHEV mix moved in favor of BEV this year: (51,31% - 48,69%) compared to last year: (41,93% - 58,07%)
📊 Market Share
- 🔋BEV: ↑ Increase +1,61% — best year on record! 🏆(6,35% vs 4,74%)
- 🔌PHEV: ↓ Decrease −0,55% — best year on record! 🏆(6,02% vs 6,57%)
- 🔀HEV: ↑ Increase +11,72% — best year on record! 🏆(42,22% vs 30,50%)
- 🔥ICE: ↓ Decrease −12,79% — worst year on record! 💀(45,40% vs 58,19%)