Page 2 California Auto Outlook Gasoline, 53.7% Electric (BEV), 21.2% Hybrid, 19.1% Plug In Hybrid (PHEV), 3.8% Diesel, 2.2% Fuel Cell, 0.0% Annual Registrations and Market Share Quarterly Registrations and Market Share 2021 2022 2023 2024 YTD '25 3Q '24 4Q '24 1Q '25 2Q '25 3Q '25 ZEV registrations 164473 262265 382403 385613 292927 ZEV registrations 101470 93217 95729 87807 109391 ZEV share 9.3% 16.6% 21.7% 22.0% 21.2% ZEV share 23.8% 21.4% 20.9% 18.2% 24.7% Hybrid regs. (excl. plug ins) 160017 144389 196224 258327 264567 Hybrid regs. (excl. plug ins) 64043 76575 82584 98425 83558 Hybrid share (excl. plug ins) 9.1% 9.1% 11.1% 14.8% 19.1% Hybrid share (excl. plug ins) 15.0% 17.5% 18.0% 20.4% 18.9% PHEV regs. 54254 42471 60670 61248 52965 PHEV regs. 14725 15633 17229 18949 16787 PHEV share 3.1% 2.7% 3.4% 3.5% 3.8% PHEV share 3.4% 3.6% 3.8% 3.9% 3.8% 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% 4Q '23 1Q '24 2Q '24 3Q '24 4Q '24 1Q '25 2Q '25 3Q '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 21.2% during the first nine months of 2025. Market Share for all Powertrain Types - YTD 2025 thru September California and U.S. Markets California ZEV market share YTD 2025 21.2% ❏ Gasoline powered vehicles accounted for 53.7 percent of state new vehicle registrations during the first nine months of this year. ❏ Gasoline-powered vehicle market share (including gasoline and diesel vehicles) was 55.9 percent so far this year, down from 59.7 percent in 2024. Gasoline-powered vehicle share could move slightly higher due to the expiration of federal government ZEV incentives, but sales of hybrids should accelerate in the coming months. ❏ Combined share for BEVs, PHEVs, hybrids, and fuel cell vehicles was 44.1 percent so far this year, up from just 11.6 percent in 2018. Electric and Hybrid Vehicle Market Share U.S. ZEV market share YTD 2025 8.4% California share of U.S. ZEV registrations YTD 2025 28.4% Data sourced from Experian Automotive. Data sourced from Experian Automotive. ZEV market share increased from 18.2% in Q2 ‘25 to 24.7% in Q3 ‘25. 28 California New Car Dealer Quarterly
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