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Registration Data Shows Remarkable Hybrid Powertrain Growth – Vehicle Research

Registration Data Shows Remarkable Hybrid Powertrain Growth – Vehicle Research

by admin
April 2, 2025
in Auto News
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With a complete of two.8 million industrial registrations in Class 1 to eight in 2024, registrations had been flat in comparison with 2023, in keeping with knowledge from S&P International Mobility. The 12 months ended simply shy of pre-pandemic 2019 registrations by 200,000 models.


What automobile kind skilled essentially the most pronounced development price from 2019 to 2024? For those who guessed electrical autos (EVs) you’re partially appropriate — hybrids skilled a good better development. 

In accordance with knowledge from S&P International Mobility, industrial registrations for pure electrical autos (EVs) shot up from 4,000 models in 2019 to 87,000 models in 2024. In that very same interval, industrial registrations of hybrid-electric autos surged much more — from 13,000 models to 163,000 models. 

Whereas general registrations remained flat on this five-year span, key developments emerged, in keeping with Mark Hazel, affiliate director of economic automobile reporting for S&P International Mobility. 

US Industrial Automobile Registrations by Gasoline Sort:


Table showing commercial vehicle registrations 2019 to 2024

Industrial ICE automobile registrations have decreased by 7% since 2019.

Information: S&P International Mobility


Information as of Feb. 2025; Supply:S&P International Mobility TIPNet new registrations 2019–2024. ©2025 S&P International

Drivers of Hybrid & EV Registrations

“Our registration knowledge reveals a decline in diesel and inner combustion engine (ICE) autos and a surge in hybrid and electrical automobile adoption,” he mentioned, including that hybrid development is predominantly in passenger autos. 

By way of fleet sorts, Hazel mentioned the manufacturing and companies sectors, together with rental firms, have considerably contributed to the hybrid improve. 

Varied industrial sectors are adopting EVs, together with lease/rental, which have the largest fleets to start with. Bigger rental firms like Hertz, Enterprise, and Avis are shopping for EVs, whereas pharmaceutical firms are incorporating EVs into their gross sales fleets. 

Firms like Amazon, FedEx, Verizon, and Walmart are main the cost with EV cargo vans. Rivian has emerged as an early dominant participant within the EV cargo van market, commanding a 66% market share in 2024, in keeping with S&P knowledge. That is pushed by Rivian’s partnership with Amazon, the unique purchaser of its electrical van. 

2024 Industrial Registrations by the Numbers

General, registrations in Class 1 via Class 8 remained flat in 2024 in comparison with 2023, with a complete of two.8 million industrial registrations, in keeping with S&P International Mobility knowledge. The 12 months ended simply shy of pre-pandemic 2019 registrations by 200,000 models.

Taking a look at section specifics, Class 4 registrations elevated by 7%, whereas Class 5 registrations rose by 9%.

In the meantime, cargo van registrations have decreased by 18% since 2019 and by 2% from 2023. “This variation follows a pandemic-driven surge of cargo van registrations, pushed by the demand for last-mile supply autos,” Hazel mentioned. “Whereas supply fleets have expanded general on this interval, new van registrations have cooled.”

Industrial ICE automobile registrations have decreased by 7% since 2019, primarily on account of reductions in pickups and cargo vans. 

The diesel section has additionally contracted however to a lesser extent. Registrations dropped 2% from 2019 to 2024, affecting each tractor vehicles and straight vehicles. 

Although the general numbers are small, CNG registrations have elevated by 20% since 2019, with basic freight, sanitation, and refuse autos accounting for 80% of this development. 

Notable firms comparable to UPS and Waste Administration have been key contributors, utilizing CNG powerplants in tractor vehicles, terminal vehicles, and straight vehicles, Hazel mentioned. 



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