In the first quarter of 2024, the total stock of licensed motor vehicles increased by 831 compared to the previous quarter, reaching 439,398 by March 2024.
Passenger cars constituted the majority at 74.1 %, followed by commercial and agricultural vehicles at 14.2 %, and motorcycles/E-bikes/PA-bikes, E-kick scooters, quadricycles, and ATVs at 11.1 %.
During this period, the net average increase in licensed motor vehicles was nine per day. Newly licensed vehicles amounted to 5,637, with 72.3% being passenger cars.
Among newly licensed vehicles, 56.3% were new, and 43.7% were used. About 8,348 vehicles were taken off the road due to various restrictions, with the majority being garaged or resold.
At the end of March 2024, 58.2% of vehicles were petrol-powered, 35.6% were diesel-powered, and electric/plug-in hybrid vehicles accounted for 3.8% of the total stock.
Notable increases were seen in combined (diesel-LPG), mild hybrid (petrol-electric), and mild hybrid (diesel-electric) vehicles compared to the previous quarter.
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