Latest data from the National Statistics Office show that during the third quarter of 2024, the stock of licensed motor vehicles increased by 3,030 over the previous quarter.

It noted that the stock of licensed motor vehicles increased at a net average rate of 33 motor vehicles per day.

The majority of newly licensed motor vehicles, 3,579 or 63.7% of the total, were passenger cars, followed by motorcycles/E-bikes/PA-bikes with 1,114 or 19.8 per cent.

Petrol-powered engines accounted for 58.4% of the total, followed by diesel-powered engines (35.3%), and electric and plug-in hybrid engines (3.6%).

The NSO said that compared to the second quarter of this year, increases of 9.4%, 9.1% and 5.6% were registered in electric, plug-in hybrid (diesel-electric), and mild hybrid (petrol-electric) motor vehicles respectively.

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