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Terminology

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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: - February 2024

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Monthly Insights - (February 2024 vs February 2023)

📈 Registrations

  • 13540 Total BEVs Registered so far (since 2019)

  • 🔋BEV: ↑ Increase +47,09%
    (581 vs 395)
  • 🔌PHEV: ↑ Increase +5,63%
    (525 vs 497)
  • 🔀HEV: ↑ Increase +56,50%
    (4443 vs 2839)
  • 🔥ICE: ↓ Decrease -5,25%
    (5902 vs 6229)

📊 Market Share

  • 🔋BEV: ↑ Increase +1,10%
    (5,07% vs 3,97%)
  • 🔌PHEV: ↓ Decrease −0,41%
    (4,58% vs 4,99%)
  • 🔀HEV: ↑ Increase +10,30% — best month on record! 🏆
    (38,80% vs 28,50%)
  • 🔥ICE: ↓ Decrease −11,00%
    (51,54% vs 62,54%)
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