Page 7 ICE 80.8% Hybrid 11.1% Electric (BEV) 7.1% Plug In Hybrid (PHEV) 1.0% 1.0% 2.1% 3.8% 5.8% 6.0% 7.1% 2020 2021 2022 2023 2024 2025* 2025 Economic Impact Study ELECTRIC VEHICLES Texas franchised new vehicle dealerships: Leading the way for electric vehicle sales Dealerships are making large scale investments to prepare for the sale and service of electric vehicles: Total estimated dealership expenses between 2020 and 2025 to prepare for the sale and service of electric vehicles: Average number of electric vehicle chargers installed at new vehicle dealerships by the end of 2025: 3.2 $291,450,000 Battery electric vehicle (BEV) sales in Texas increased steadily between 2020 and 2025. BEV market share in 2025 exceeded 7%. Franchised dealerships are accounting for a significantly larger share of the market: BEV Share of Texas New Retail Light Vehicle Market Franchised Dealership Share of State BEV Market in 2020: 14.7% Franchised Dealership Share of State BEV Market in 2025*: 45.0% Data sourced from Experian Automotive. * 2025 is year to date through November. Battery electric vehicles accounted for 7.1% of industry new vehicle registrations in 2025, up from 6.0% in 2024. Market Share for all Powertrain Types - 2025* ICE (internal combustion engine) market share was 80.8% in 2025, down from 97.2% in 2020. Combined share for BEVs, PHEVs, and hybrids was 19.2% in 2025, up from just 2.8% in 2020. Data sourced from Experian Automotive. * 2025 is year to date through November. DEALERS’ CHOICE 46
RkJQdWJsaXNoZXIy MTg3NDExNQ==