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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: - March 2024

Quarterly Insights - (2024 Q1 vs 2023 Q1)

  • Increase of BEV Registrations (1580 vs 1392) by +13,51% YoY
  • Increase of PHEV Registrations (2012 vs 1766) by +13,93% YoY
  • Decrease of ICE Registrations (19394 vs 21439) by -9,54% YoY
  • Increase of BEV Market share (4,31% vs 4,12%)
  • Increase of PHEV Market share (5,48% vs 5,23%)
  • Decrease of ICE Market share (52,86% vs 63,46%)
See Previous Insights

Monthly Insights - (March 2024 vs March 2023)

  • 14089 Total BEVs Registered so far (since 2019)
  • Decrease of ICE Registrations (6573 vs 7913) by -16,93% YoY
  • Decrease of ICE Market share (52,68% vs 59,56%)
See Previous Insights
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