Page 2 California Auto Outlook Gasoline, 58.3% Electric (BEV), 22.2% Hybrid, 13.8% Plug In Hybrid (PHEV), 3.4% Diesel, 2.3% Fuel Cell, 0.0% Annual Registrations and Market Share Quarterly Registrations and Market Share 2020 2021 2022 2023 YTD '24 3Q '23 4Q '23 1Q '24 2Q '24 3Q '24 BEV registrations 92057 161369 260051 379560 293109 BEV registrations 99728 89486 89746 101319 102044 BEV share 5.8% 9.1% 16.4% 21.5% 22.2% BEV share 22.4% 21.2% 20.9% 22.0% 23.7% Hybrid regs. (excl. plug ins) 97552 160100 144439 196334 182469 Hybrid regs. (excl. plug ins) 52391 56239 56134 61953 64382 Hybrid share (excl. plug ins) 6.1% 9.1% 9.1% 11.1% 13.8% Hybrid share (excl. plug ins) 11.7% 13.3% 13.1% 13.4% 14.9% PHEV regs. 29079 54287 42491 59520 45244 PHEV regs. 15023 15069 15662 14847 14735 PHEV share 1.8% 3.1% 2.7% 3.4% 3.4% PHEV share 3.4% 3.6% 3.7% 3.2% 3.4% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 2016 2017 2018 2019 2020 2021 2022 2023 YTD '24 Market Share BEVs Hybrids (excl. plug ins) PHEVs 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 4Q '22 1Q '23 2Q '23 3Q '23 4Q '23 1Q '24 2Q '24 3Q '24 Market Share BEVs Hybrids (excl. plug ins) PHEVs Vehicle Powertrain Dashboard Annual and Year-to-date Quarterly Data sourced from Experian Automotive. BEVs are full battery electric vehicles. PHEVs are plug in hybrids. Hybrid vehicle registrations and market share excludes mild hybrids. BEV market share was 22.2 percent during the first nine months of ‘24, up slightly from ‘23. Market Share for all Powertrain Types - YTD ‘24 thru September California and U.S. Markets California BEV market share YTD ‘24 22.2% ❏ Gasoline powered vehicles accounted for 58.3 percent of state new vehicle registrations during the first nine months of this year. ❏ ICE market share (including gasoline and diesel vehicles) was 60.6 percent during the first nine months of this 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 39.4 percent during the first nine months of 2024, up from just 11.6 percent in 2018. Hybrid and Electric Vehicle Market Share U.S. BEV market share YTD ‘24 7.9% California share of U.S. BEV registrations YTD ‘24 32.1% Data sourced from Experian Automotive. Data sourced from Experian Automotive. BEVs are full battery electric vehicles. 37 California New Car Dealer Quarterly
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