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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: - August 2024
Monthly Insights - (August 2024 vs August 2023)
- 17246 Total BEVs Registered so far (since 2019)
- Increase of BEV Registrations (514 vs 403) by +27,54% YoY
- Decrease of ICE Registrations (3217 vs 6314) by -49,05% YoY - worst month so far!
- Increase of BEV Market share (6,30% vs 3,89%)
- Decrease of ICE Market share (39,46% vs 60,88%) - worst month so far!