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Terminology

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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: - January 2025

Monthly Insights - (January 2025 vs January 2024)

  • 21743 Total BEVs Registered so far (since 2019)
  • Increase of BEV Registrations (527 vs 450) by +17,11% YoY
  • Decrease of ICE Registrations (4264 vs 6919) by -38,37% YoY
  • Increase of BEV Market share (4,94% vs 3,53%)
  • Increase of PHEV Market share (7,06% vs 6,25%)
  • Decrease of ICE Market share (39,99% vs 54,22%)
See Previous Insights
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