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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: - March 2025
Monthly Insights - (March 2025 vs March 2024)
📈 Registrations
23236 Total BEVs Registered so far (since 2019)
- 🔋BEV: ↑ Increase +41,17%(775 vs 549)
- 🔌PHEV: ↓ Decrease -2,76%(670 vs 689)
- 🔀HEV: ↑ Increase +29,55%(6046 vs 4667)
- 🔥ICE: ↓ Decrease -20,34%(5236 vs 6573)
📊 Market Share
- 🔋BEV: ↑ Increase +1,69%(6,09% vs 4,40%)
- 🔌PHEV: ↓ Decrease −0,26%(5,26% vs 5,52%)
- 🔀HEV: ↑ Increase +10,10%(47,50% vs 37,40%)
- 🔥ICE: ↓ Decrease −11,54%(41,14% vs 52,68%)
Quarterly Insights - (2025 Q1 vs 2024 Q1)
📈 Registrations
- 🔋BEV: ↑ Increase +27,85%(2020 vs 1580)
- 🔌PHEV: ↑ Increase +1,04%(2033 vs 2012)
- 🔀HEV: ↑ Increase +17,94%(16163 vs 13705)
- 🔥ICE: ↓ Decrease -33,01%(12992 vs 19394)
📊 Market Share
- 🔋BEV: ↑ Increase +1,77%(6,08% vs 4,31%)
- 🔌PHEV: ↑ Increase +0,64%(6,12% vs 5,48%)
- 🔀HEV: ↑ Increase +11,32% — best quarter on record! 🏆(48,67% vs 37,35%)
- 🔥ICE: ↓ Decrease −13,74%(39,12% vs 52,86%)