Page 2 California Auto Outlook Gasoline, 54.0% Electric (BEV), 20.9% Hybrid, 19.4% Plug In Hybrid (PHEV), 3.5% Diesel, 2.2% Fuel Cell, 0.0% Annual Registrations and Market Share Quarterly Registrations and Market Share 2021 2022 2023 2024 2025 4Q '24 1Q '25 2Q '25 3Q '25 4Q '25* ZEV registrations 164453 262209 382335 385513 378216 ZEV registrations 93166 95561 87464 109099 86092 ZEV share 9.3% 16.6% 21.7% 22.0% 20.9% ZEV share 21.4% 20.9% 18.2% 24.8% 20.1% Hybrid regs. (excl. plug ins) 161076 144900 196211 258273 351391 Hybrid regs. (excl. plug ins) 76541 82512 98280 83540 87059 Hybrid share (excl. plug ins) 9.1% 9.2% 11.1% 14.8% 19.4% Hybrid share (excl. plug ins) 17.6% 18.0% 20.4% 19.0% 20.4% PHEV regs. 53166 41919 60517 60839 63701 PHEV regs. 15454 17055 18885 16702 11059 PHEV share 3.0% 2.7% 3.4% 3.5% 3.5% PHEV share 3.5% 3.7% 3.9% 3.8% 2.6% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 2017 2018 2019 2020 2021 2022 2023 2024 2025 Market Share ZEVs Hybrids (excl. plug ins) PHEVs 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 1Q '24 2Q '24 3Q '24 4Q '24 1Q '25 2Q '25 3Q '25 4Q '25* Market Share ZEVs Hybrids (excl. plug ins) PHEVs Vehicle Powertrain Dashboard Annual Quarterly *Due to customary processing delays, vehicle registration data lags the reporting of actual sales. This has impacted the measurement of ZEV market share during the last few months of 2025. ZEV sales were high in the second half of September due to the expiration of federal government tax credits, but many of these transactions were likely recorded as October registrations, inflating the measurement of BEV share in 4Q ’25. BEV share for the entire fourth quarter (October through December) was 20.1 percent vs. just 12.8% in November and December. The two-month figure is more reflective of BEV share following the expiration of the tax credits. Data sourced from Experian Automotive. ZEVs are full battery electric vehicles and include fuel cell vehicles. PHEVs are plug in hybrids. ZEV share fell from 22.0% in 2024 to 20.9% in 2025. Market Share for all Powertrain Types - 2025 California and U.S. Markets California ZEV market share 2025 20.9% ❏ Gasoline powered vehicles accounted for 54.0 percent of state new vehicle registrations in 2025. ❏ ICE vehicle market share (including gasoline and diesel vehicles) was 56.2 percent last year, down from 59.7 percent in 2024. ICE vehicle share should move slightly higher due to the expiration of federal government ZEV incentives, while sales of hybrids should continue to accelerate this year. ❏ Combined share for BEVs, PHEVs, hybrids, and fuel cell vehicles was 43.8 percent last year, up from just 11.6 percent in 2018. Electric and Hybrid Vehicle Market Share U.S. ZEV market share 2025 8.2% California share of U.S. ZEV registrations 2025 28.5% Data sourced from Experian Automotive. Data sourced from Experian Automotive. ZEV market share declined from 24.8% in Q3 ‘25 to 20.1% in Q4 ‘25. (See note below about 4Q figures.) 25 California New Car Dealer Quarterly
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