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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: - May 2024
Monthly Insights - (May 2024 vs May 2023)
- 15098 Total BEVs Registered so far (since 2019)
- Decrease of ICE Registrations (6726 vs 7794) by -13,70% YoY
- Decrease of ICE Market share (48,86% vs 60,15%)