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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: - September 2024
Quarterly Insights - (2024 Q3 vs 2023 Q3)
- Increase of BEV Registrations (2261 vs 1731) by +30,62% YoY - best quarter so far!
- Decrease of ICE Registrations (11870 vs 19294) by -38,48% YoY - worst quarter so far!
- Increase of BEV Market share (7,53% vs 5,07%) - best quarter so far!
- Decrease of ICE Market share (39,53% vs 56,47%) - worst quarter so far!
Monthly Insights - (September 2024 vs September 2023)
- 18111 Total BEVs Registered so far (since 2019)
- Increase of BEV Registrations (865 vs 755) by +14,57% YoY
- Decrease of ICE Registrations (3562 vs 5615) by -36,56% YoY
- Increase of BEV Market share (8,95% vs 6,62%) - best month so far!
- Decrease of ICE Market share (36,85% vs 49,23%) - worst month so far!