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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: - February 2024
Monthly Insights - (February 2024 vs February 2023)
- 13540 Total BEVs Registered so far (since 2019)
- Increase of BEV Registrations (581 vs 395) by +47,09% YoY
- Increase of PHEV Registrations (525 vs 497) by +5,63% YoY
- Decrease of ICE Registrations (5902 vs 6229) by -5,25% YoY
- Increase of BEV Market share (5,07% vs 3,97%)
- Decrease of ICE Market share (51,54% vs 62,54%)