Page 2 California Auto Outlook Gasoline, 60.0% Electric (BEV), 20.9% Hybrid, 13.0% Plug In Hybrid (PHEV), 3.6% Diesel, 2.5% Fuel Cell, 0.0% Annual Registrations and Market Share Quarterly Registrations and Market Share 2020 2021 2022 2023 YTD '24 1Q '23 2Q '23 3Q '23 4Q '23 1Q '24 BEV registrations 92387 161865 260692 380562 90296 BEV registrations 87815 102946 100060 89741 90296 BEV share 5.8% 9.1% 16.4% 21.5% 20.9% BEV share 20.5% 21.8% 22.3% 21.2% 20.9% Hybrid regs. (excl. plug ins) 97971 160254 144790 197053 56291 Hybrid regs. (excl. plug ins) 36812 51092 52605 56544 56291 Hybrid share (excl. plug ins) 6.1% 9.1% 9.1% 11.1% 13.0% Hybrid share (excl. plug ins) 8.6% 10.8% 11.7% 13.3% 13.0% PHEV regs. 29162 54394 42579 59674 15698 PHEV regs. 14358 15126 15063 15127 15698 PHEV share 1.8% 3.1% 2.7% 3.4% 3.6% PHEV share 3.4% 3.2% 3.4% 3.6% 3.6% 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 2016 2017 2018 2019 2020 2021 2022 2023 YTD '24 Market Share BEVs Hybrids (excl. plug ins) PHEVs 0.0% 5.0% 10.0% 15.0% 20.0% 25.0% 2Q '22 3Q '22 4Q '22 1Q '23 2Q '23 3Q '23 4Q '23 1Q '24 Market Share BEVs Hybrids (excl. plug ins) PHEVs Vehicle Powertrain Dashboard Annual and Year-to-date Quarterly Data sourced from Experian Automotive. BEVs are full battery electric vehicles. PHEVs are plug in hybrids. Hybrid vehicle registrations and market share excludes mild hybrids. BEV market share fell from 21.5 percent in 2023 to 20.9 percent in 1Q ‘24. Market Share for all Powertrain Types - YTD ‘24 thru March California and U.S. Markets California BEV market share YTD ‘24 20.9% ❏ Gasoline powered vehicles accounted for 60 percent of state new vehicle registrations in 1Q ‘24. ❏ ICE market share (including gasoline and diesel vehicles) was 62.5 percent during the first three months of this year, down from 71.6 percent in 2022 and 88.4 percent in 2018. ❏ Combined share for BEVs, PHEVs, hybrids, and fuel cell vehicles was 37.5 percent in 1Q ‘24, up from just 11.6 percent in 2018. Hybrid and Electric Vehicle Market Share U.S. BEV market share YTD ‘24 7.4% California share of U.S. BEV registrations YTD ‘24 32.5% Data sourced from Experian Automotive. Data sourced from Experian Automotive. BEVs are full battery electric vehicles. 36 California New Car Dealer Quarterly
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