San Francisco Is Going Electric
Metro area is first in the US to hit 50% electrified new retail registrations.

The registrations included both fully electric models and hybrids.
IMAGE: Pexels/Daniel Andraski
In what could be a milestone for electric-vehicle adoption in the U.S., electrified vehicles make up half of San Francisco-area new retail registrations, reaching that first in March, S&P Global Mobility reported.
It’s the first major American metropolitan area to attain that level of electrified-vehicle ownership and represents more than three times the U.S. level of 16.6%, the research and data provider said.
The San Francisco percentage continued to grow, reaching a new record of 53% in April.
The registrations included both fully electric models and hybrids. Breaking down the registrations between the two, EVs made up 34% of registrations, more than four times the 7.3% U.S. average, and hybrids comprised 15.8%, compared to 9.3% for the U.S.
S&P’s analysis shows that buyers of electrified vehicles in the Bay Area skew financially well off. About 47% have a household income surpassing $200,000.
In an ironic note, the report says that one of the highest zip code penetrations of electrified registrations in the Bay Area is in San Ramon, where oil and gas giant Chevron has its headquarters.
Originally posted on Auto Dealer Today
More Industry

EV Sales Recover in Q2
The EV sales roller coaster continues as numbers show improvement, but industry experts predict a year-over-year third-quarter decline and fourth-quarter jump.
Read More →
The Cheapest Hybrids to Fuel
The powertrain is increasing in popularity, in no small part due to its fuel economy. A new report lists the most efficient hybrids on the market.
Read More →
Hybrids and SUVs Gaining Ground
The most recent Kelley Blue Book Brand Watch found that only two nonluxury brands increased in shopper consideration, buoyed by their hybrid and SUV offerings.
Read More →
Dealership Profits Decline
While new and used retail sales stagnated, dealerships have been particularly supported by fixed operations and finance-and-insurance profits, according to a new report.
Read More →
New Mexico Stores Change Hands
Three dealerships owned by three brothers are renamed for a new partnership bridging the founders’ family and a new auto retail leader.
Read More →
International Automakers Overpower Domestic Output
As the current U.S. administration pushes for domestic automotive production, a new report sheds light on the prevalence of international automakers here.
Read More →
World EV Adoption Set to Grow
A new report says the segment, despite recent setbacks in some regions, is poised for acceleration as many countries look to reduce pollution.
Read More →
Black Book: Weekly Market Update
Wholesale automotive auction business stayed steady last week as bidders encountered lower prices, analysts observed.
Read More →
Pricing Transparency Drives Purchase Consideration
An annual study by JD Power found that clear pricing matters to consumers on automaker websites, so much so that it increases their purchase consideration.
Read More →
Black Book: Weekly Market Update
Used-vehicle market depreciation was the prevailing story in the wholesale market last week.
Read More →