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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: - May 2025
Monthly Insights - (May 2025 vs May 2024)
📈 Registrations
24612 Total BEVs Registered so far (since 2019)
- 🔋BEV: ↑ Increase +84,20%(746 vs 405)
- 🔌PHEV: ↑ Increase +65,02%(1066 vs 646)
- 🔀HEV: ↑ Increase +24,60% — best month on record! 🏆(7461 vs 5988)
- 🔥ICE: ↓ Decrease -4,85%(6400 vs 6726)
📊 Market Share
- 🔋BEV: ↑ Increase +1,82%(4,76% vs 2,94%)
- 🔌PHEV: ↑ Increase +2,11%(6,80% vs 4,69%)
- 🔀HEV: ↑ Increase +4,10%(47,60% vs 43,50%)
- 🔥ICE: ↓ Decrease −8,03%(40,83% vs 48,86%)