First Quarter 2025 0 25000 50000 75000 100000 125000 150000 175000 200000 225000 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 New vehicle registrations Years KEY TRENDS IN SAN DIEGO COUNTY NEW VEHICLE MARKET LONG TERM TRENDS Annual New Retail Light Vehicle Registrations in County Market - 2015 thru 2024 The graph on the left shows annual new retail light vehicle registrations from 2015 thru 2024. The grey bars show the actual totals in each year. The blue line represents average registrations between 2015 and 2019 and the orange line is the average between 2020 and 2024. The pandemic and subsequent supply chain issues in 2022 clearly took a toll on the market. Average registrations between 2020 and 2024 were 138,912 units, well below the previous five year average of 155,982. Postponed purchases that accrued during the past five years should provide some support for the market in 2025. Average annual registrations between 2015 and 2019: 155,982 Average annual registrations between 2020 and 2024: 138,912 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 30.0% 35.0% 40.0% Electric (BEV) Plug In Hybrid (PHEV) COMPARISON OF METRO AREA MARKETS BEV and PHEV Share in Selected Metro Area Markets - YTD 2025 thru March Markets are shown from left (highest) to right (lowest) based on combined BEV and PHEV market share. Data sourced from Experian Automotive. Combined market share for BEVs and PHEVs in San Diego county was above average compared to the other markets. BEV market share was higher than 20% in four California markets and Denver. BEV share in the county was 22.4% and PHEV share was 4.4%. U.S. shares were 9.6% for BEVs and 2.3% for PHEVs.
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