Page 6 Georgia Auto Outlook POWERTRAINS FIVE KEY TRENDS 1. 2. BEV market share fell to 5.1% in 1Q ‘26, down from 8.9%. 3. 4. 5. ICE, BEV, PHEV, AND HYBRID MARKET SHARE % Change in Registrations by Powertrain Type YTD ‘26 thru Mar. vs YTD ‘25 Data sourced from Experian Automotive. Hybrid registrations exclude mild hybrids. BEV registrations declined 46.2% during the first three months of 2026 vs. year earlier. Hybrid vehicle registrations increased 4.5% so far this year vs. the 6.7% drop in the overall market. Plug-in-hybrids had the largest percentage decline in 1Q ‘26 versus year earlier. BEV/PHEV market share was highest in the Small Luxury SUV segment (see graph below). % Share of Industry Registrations by Powertrain Type POWERTRAIN SHARES FOR VEHICLE SEGMENTS Percent Share of Segment Registrations by Powertrain Type - YTD 2026 thru March The graph above shows market share by powertrain type for eight vehicle segments. Gray bars show ICE market share, green is hybrids, and blue is combined share for BEVs and PHEVs. Luxury segments are shown on the right side of the graph. BEV/PHEV share exceeded 22% for Luxury Cars and Small Luxury SUVs. Hybrids accounted for 28.7% of the Non Luxury Car segment. Data sourced from Experian Automotive. 4.5% -3.3% -46.2% -49.6% -60.0% -50.0% -40.0% -30.0% -20.0% -10.0% 0.0% 10.0% Hybrid ICE Electric (BEV) Plug In Hybrid (PHEV) % change in registrations Non Luxury Cars Pickups Vans Small Non Luxury SUVs Mid Size and Large Non Luxury SUVs Luxury Cars Small Luxury SUVs Mid Size and Large Luxury SUVs ICE 70.4% 91.4% 72.8% 81.5% 86.0% 74.6% 53.4% 78.4% Hybrid 28.7% 7.1% 25.2% 15.3% 12.0% 2.6% 3.9% 9.1% BEVs + PHEVs 0.9% 1.5% 2.0% 3.3% 2.0% 22.8% 42.8% 12.5% 70.4% 91.4% 72.8% 81.5% 86.0% 74.6% 53.4% 78.4% 0.0% 20.0% 40.0% 60.0% 80.0% 100.0% % share of segment YTD thru March YTD '25 YTD '26 Hybrid 12.3% 13.7% Electric (BEV) 8.9% 5.1% Plug In Hybrid (PHEV) 1.3% 0.7% Quarterly 4Q '25 1Q '26 Hybrid 13.1% 13.7% Electric (BEV) 8.7% 5.1% Plug In Hybrid (PHEV) 0.9% 0.7% THE GENERATOR 28
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