California Auto Outlook Gasoline, 57.5% Electric (BEV), 22.0% Hybrid, 14.7% Plug In Hybrid (PHEV), 3.5% Diesel, 2.3% Fuel Cell, 0.0% Annual Registrations and Market Share Quarterly Registrations and Market Share 2020 2021 2022 2023 2024 4Q '23 1Q '24 2Q '24 3Q '24 4Q '24 ZEV registrations 93066 164592 262440 382670 387368 ZEV registrations 89745 89868 101338 101888 94274 ZEV share 5.8% 9.3% 16.6% 21.7% 22.0% ZEV share 21.3% 21.0% 22.0% 23.7% 21.3% Hybrid regs. (excl. plug ins) 97536 160076 144427 196283 259133 Hybrid regs. (excl. plug ins) 56211 56054 61781 64319 76979 Hybrid share (excl. plug ins) 6.1% 9.1% 9.1% 11.1% 14.7% Hybrid share (excl. plug ins) 13.3% 13.1% 13.4% 15.0% 17.4% PHEV regs. 29083 54280 42479 59506 60800 PHEV regs. 15064 15698 14936 14721 15445 PHEV share 1.8% 3.1% 2.7% 3.4% 3.5% PHEV share 3.6% 3.7% 3.2% 3.4% 3.5% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 2016 2017 2018 2019 2020 2021 2022 2023 2024 Market Share ZEVs Hybrids (excl. plug ins) PHEVs 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 1Q '23 2Q '23 3Q '23 4Q '23 1Q '24 2Q '24 3Q '24 4Q '24 Market Share ZEVs Hybrids (excl. plug ins) PHEVs Vehicle Powertrain Dashboard Annual Quarterly Data sourced from Experian Automotive. ZEVs are full battery electric vehicles and include fuel cell vehicles. PHEVs are plug in hybrids. Hybrid vehicle registrations and market share excludes mild hybrids. ZEV market share was 22.0% in 2024, up from 21.7% in 2023. Market Share for all Powertrain Types - 2024 California and U.S. Markets California ZEV market share 2024 22.0% ❏ Gasoline powered vehicles accounted for 57.5 percent of state new vehicle registrations last year. ❏ ICE market share (including gasoline and diesel vehicles) was 59.8 percent in 2024, down from 71.6 percent in 2022 and 88.4 percent in 2018. ❏ Combined share for BEVs, PHEVs, hybrids, and fuel cell vehicles was 40.2 percent last year, up from just 11.6 percent in 2018. Electric and Hybrid Vehicle Market Share U.S. ZEV market share 2024 8.0% California share of U.S. ZEV registrations 2024 31.1% Data sourced from Experian Automotive. Data sourced from Experian Automotive. BEVs are full battery electric vehicles. ZEV market share declined from 23.7% in Q3 ‘24 to 21.3% in Q4. 31 California New Car Dealer Quarterly
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