In the third quarter of 2023, the number of licensed motor vehicles increased by 3,968 compared to the previous quarter, reaching a total of 436,007 by the end of September 2023.
These vehicles were categorised as follows: 73.9% were passenger cars, 14.2% were commercial and agricultural vehicles, and 11.3% were motorcycles, E-bikes, PA-bikes, E-kick scooters, quadricycles, and All-Terrain Vehicles (ATVs).
Buses and minibuses constituted less than 1% of the total.
The average daily increase in licensed motor vehicles during the quarter was 43. Additionally, 6,386 newly licensed motor vehicles were introduced during this period. Of these, 56.0% were passenger cars, and 18.4% were motorcycles, PA-bikes, and E-bikes.
Among these newly licensed vehicles, 60.2% were classified as ‘new,’ while 39.8% were categorised as ‘used.’
Throughout the third quarter of 2023, 5,856 motor vehicles were taken off the road due to various restrictions.
Of these, 40.5% were placed in garages, 34.3% were resold, and 22.8% were scrapped. Additionally, 3,621 motor vehicles had their restrictions lifted during the same period, with the majority either being resold (51.9%) or placed in garages (47.3%).
As of September 2023, 58.2% of the total motor vehicles had petrol-powered engines, while 35.9% were diesel-powered. Electric and plug-in hybrid vehicles accounted for 3.7% of the stock, totalling 15,960 vehicles.
Compared to the previous quarter, there were notable increases in plug-in hybrid (diesel-electric), electric, and combined (diesel-LPG) vehicles, with growth rates of 20.6%, 13.4%, and 10.8% respectively. Read full NSO report here.