Page 2 California Auto Outlook Gasoline, 55.4% Electric (BEV), 20.8% Hybrid, 17.9% Plug In Hybrid (PHEV), 3.7% Diesel, 2.2% Fuel Cell, 0.0% Annual Registrations and Market Share Quarterly Registrations and Market Share 2021 2022 2023 2024 YTD '25 1Q '24 2Q '24 3Q '24 4Q '24 1Q '25 ZEV registrations 164564 262382 382573 386469 96416 ZEV registrations 89821 101253 101692 93703 96416 ZEV share 9.3% 16.6% 21.7% 22.0% 20.8% ZEV share 21.0% 22.0% 23.8% 21.3% 20.8% Hybrid regs. (excl. plug ins) 160055 144428 196267 258828 82833 Hybrid regs. (excl. plug ins) 56030 61729 64190 76879 82833 Hybrid share (excl. plug ins) 9.1% 9.1% 11.1% 14.8% 17.9% Hybrid share (excl. plug ins) 13.1% 13.4% 15.0% 17.5% 17.9% PHEV regs. 54272 42475 59495 60690 17046 PHEV regs. 15682 14925 14676 15407 17046 PHEV share 3.1% 2.7% 3.4% 3.5% 3.7% PHEV share 3.7% 3.2% 3.4% 3.5% 3.7% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 2017 2018 2019 2020 2021 2022 2023 2024 YTD '25 Market Share ZEVs Hybrids (excl. plug ins) PHEVs 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 2Q '23 3Q '23 4Q '23 1Q '24 2Q '24 3Q '24 4Q '24 1Q '25 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 share fell from 22.0% in 2024 to 20.8% in 1Q ‘25. Market Share for all Powertrain Types - YTD 2025 thru March California and U.S. Markets California ZEV market share YTD 2025 20.8% ❏ Gasoline powered vehicles accounted for 55.4 percent of state new vehicle registrations during the first three months of this year. ❏ ICE market share (including gasoline and diesel vehicles) was 57.6 so far 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 42.4 percent in the first quarter of 2025, up from just 11.6 percent in 2018. Electric and Hybrid Vehicle Market Share U.S. ZEV market share YTD 2025 8.5% California share of U.S. ZEV registrations YTD 2025 28.9% Data sourced from Experian Automotive. Data sourced from Experian Automotive. ZEV market share declined from 21.3% in Q4 ‘24 to 20.8% in Q1 ‘25. 32 California New Car Dealer Quarterly
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