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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: - June 2024

Quarterly Insights - (2024 Q2 vs 2023 Q2)

  • Increase of PHEV Registrations (2019 vs 1854) by +8,90% YoY
  • Decrease of ICE Registrations (20624 vs 22107) by -6,71% YoY
  • Decrease of ICE Market share (49,86% vs 60,41%) - worst quarter so far!
See Previous Insights

Monthly Insights - (June 2024 vs June 2023)

  • 15850 Total BEVs Registered so far (since 2019)
  • Increase of BEV Registrations (752 vs 637) by +18,05% YoY
  • Decrease of ICE Registrations (6356 vs 7990) by -20,45% YoY
  • Increase of BEV Market share (5,31% vs 4,76%)
  • Decrease of ICE Market share (44,91% vs 59,65%) - worst month so far!
See Previous Insights
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