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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: - July 2024
Monthly Insights - (July 2024 vs July 2023)
- 16732 Total BEVs Registered so far (since 2019)
- Increase of BEV Registrations (882 vs 573) by +53,93% YoY - best month so far!
- Increase of PHEV Registrations (814 vs 685) by +18,83% YoY
- Decrease of ICE Registrations (5091 vs 7365) by -30,88% YoY
- Increase of BEV Market share (7,22% vs 4,62%) - best month so far!
- Increase of PHEV Market share (6,67% vs 5,53%)
- Decrease of ICE Market share (41,70% vs 59,44%) - worst month so far!