California’s commitment to promoting eco-friendly transportation achieved remarkable progress in the initial six months of 2023, witnessing a remarkable 11.6 percent year-on-year surge in new light vehicle registrations, bringing the total to an impressive 905,752 units.
However, the real standout during this period was the state’s dedication to electrification, exemplified by the extraordinary sales of plug-in electric cars, which outpaced the general market significantly.
The substantial year-on-year growth presents immense opportunities for manufacturers of electric vehicles (EVs).
In H1 2023, California successfully registered 220,624 new plug-in cars, commanding a substantial share of over 24 percent in the overall market.
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The year-on-year growth of plug-ins, particularly battery-electric vehicles (BEVs), reached a staggering figure of over 40 percent, showcasing the rapid adoption and acceptance of electric cars among consumers.
Leading the pack were battery-electric vehicles, boasting an impressive 191,041 registrations, capturing an enviable market share of 21.1 percent. Meanwhile, plug-in hybrid vehicles secured a respectable 3.3 percent with 29,583 registrations.
A notable achievement was the registration of over 100,000 BEVs in Q2 alone, setting a milestone for a single quarter. In contrast, non-rechargeable hybrid registrations experienced a substantial decline of approximately a quarter compared to the previous year, accounting for only 38,629 units.
An optimistic outlook was presented in the Q2 2023 data for plug-in electric car registrations. Let’s delve into the numbers:
- Battery-Electric Vehicles (BEVs): 103,516 registrations, capturing an impressive market share of 22.7 percent.
- Plug-In Hybrid Vehicles (PHEVs): 13,113 registrations, accounting for 2.9 percent of the market share.
- Total Plug-Ins: 116,629 registrations, commanding a solid 25.6 percent market share.
- Non-Rechargeable Hybrids (HEVs): 38,629 registrations, claiming an 8.5 percent market share.
- Total xEVs (all electrified vehicles): 155,258 registrations, accounting for a significant 34.1 percent market share.
The undeniable popularity of electric vehicles was further evident in the list of most-registered models in their respective subcategories, with Tesla’s Model Y and Model 3 leading the charge.
In a historic achievement, Tesla outperformed Toyota in new registrations during Q2, solidifying its position as the dominant player in the BEV segment, boasting an astounding market share of nearly 67 percent.
California’s efforts to foster greener transportation have yielded impressive results, with the state leading the way in embracing electric vehicles and promoting sustainable mobility.
The surge in plug-in electric car registrations reflects a growing awareness and acceptance of cleaner and more environmentally responsible transportation options.
As the trend continues, it will undoubtedly drive innovation and investment in the electric vehicle sector, creating a greener and more sustainable future for California and beyond.