Page 2 California Auto Outlook Gasoline, 61.6% Electric (BEV), 21.4% Hybrid, 11.1% Plug In Hybrid (PHEV), 3.4% Diesel, 2.3% Fuel Cell, 0.2% Annual Registrations and Market Share Quarterly Registrations and Market Share 2019 2020 2021 2022 2023 4Q '22 1Q '23 2Q '23 3Q '23 4Q '23 Electric registrations 99049 92393 161863 260687 380891 Electric registrations 76501 87816 102991 100151 89933 Electric share 5.2% 5.8% 9.1% 16.4% 21.4% Electric share 19.0% 20.5% 21.8% 22.3% 21.1% Hybrid regs. (excl. plug ins) 92279 97945 160225 144794 197368 Hybrid regs. (excl. plug ins) 34841 36814 51163 52700 56691 Hybrid share (excl. plug ins) 4.9% 6.1% 9.0% 9.1% 11.1% Hybrid share (excl. plug ins) 8.7% 8.6% 10.8% 11.7% 13.3% Plug in hybrid regs. 48360 29151 54414 42578 59725 Plug in hybrid regs. 11107 14359 15136 15068 15162 Plug in hybrid share 2.6% 1.8% 3.1% 2.7% 3.4% Plug in hybrid share 2.8% 3.3% 3.2% 3.4% 3.6% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 2016 2017 2018 2019 2020 2021 2022 2023 Market Share Electric Hybrid (excl. plug ins) Plug in Hybrid 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 1Q '22 2Q '22 3Q '22 4Q '22 1Q '23 2Q '23 3Q '23 4Q '23 Market Share Electric Hybrid (excl. plug ins) Plug in Hybrid Vehicle Powertrain Dashboard Annual Quarterly Data sourced from Experian Automotive. Hybrid vehicle registrations and market share excludes mild hybrids. BEV market share increased to 21.4 percent last year. BEV market share declined in 4Q ‘23. Market Share for all Powertrain Types - 2023 California and U.S. Markets California BEV market share 2023: 21.4% ❏ Gasoline powered vehicles accounted for 61.6 percent of state new vehicle registrations in 2023. ❏ ICE market share (including gasoline and diesel vehicles) was 63.9 percent last year, down from 71.6 percent in 2022 and 88.4 percent in 2018. ❏ Combined share for BEVs, PHEVs, hybrids, and fuel cell vehicles was 35.9 percent in 2023, up from just 11.6 percent in 2018. Hybrid and Electric Vehicle Market Share U.S. BEV market share 2023: 7.5% California share of U.S. BEV registrations 2023: 33.8% Data sourced from Experian Automotive. Hybrid vehicle registrations and market share excludes mild hybrids. Data sourced from Experian Automotive. 31 California New Car Dealer Quarterly
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