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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: - February 2025
Monthly Insights - (February 2025 vs February 2024)
📈 Registrations
22461 Total BEVs Registered so far (since 2019)
- 🔋BEV: ↑ Increase +23,58%(718 vs 581)
- 🔌PHEV: ↑ Increase +16,19%(610 vs 525)
- 🔀HEV: ↑ Increase +12,49%(4998 vs 4443)
- 🔥ICE: ↓ Decrease -40,83%(3492 vs 5902)
📊 Market Share
- 🔋BEV: ↑ Increase +2,24%(7,31% vs 5,07%)
- 🔌PHEV: ↑ Increase +1,63%(6,21% vs 4,58%)
- 🔀HEV: ↑ Increase +12,10% — best month on record! 🏆(50,90% vs 38,80%)
- 🔥ICE: ↓ Decrease −15,97%(35,57% vs 51,54%)