Average of 63 new licensed motor vehicles per day registered during 2024’s second quarter

During 2024’s second quarter, an average of 64 motor vehicles were newly registered per day.

Figures published on Tuesday (today), by the National Statistics Office (NSO), indicate that the stock of licensed motor vehicles increased by 765 over the previous quarter.

Overall, the number of registered motor vehicles stood at 440,163. Of these, 74.4 per cent were passenger cars, 14.3 per cent were commercial and agricultural motor vehicles and 10.7 per cent were motorcycles, E-bikes, PA-bikes, E-kick scooters, quadricycles and All-Terrain Vehicles (ATVs).

On the other hand, buses and minibuses amounted to less than one per cent.

Furthermore, during the quarter under review, the stock of licensed motor vehicles increased at a net average of eight per day.

This year’s second quarter marked a notable increase of more than 35,000 vehicles within the span of three years. The stock of licensed motor vehicles has increased gradually since the first quarter of 2021, when the figure stood at 404,303.

Interestingly, when compared to the previous quarter, a shift was noted between electric and hybrid vehicles.

While electric vehicles decreased by 14.2 per cent, plug-in hybrid vehicles (diesel-electric) increased by 22.2 per cent, mild hybrid vehicles (diesel-electric) increased by eight per cent and mild hybrid (petrol-electric) increased by 5.8 per cent.

Meanwhile, petrol-powered engines held the biggest share on the market with 58.5 per cent (257,483 vehicles) of total registered vehicles using that type of fuel while 35.5 per cent (156,347 vehicles) were diesel-powered.