Investor Presentaiton
Sizing up the Market
VIO
Vehicles in Operation
TAM
Total Addressable Market
SAM
Serviceable Addressable
Market
SOM
Share of Market
=
VIO Beginning VIO + Sales - Retired
■
■
How many electric vehicles
Proprietary estimates of EV adoption cross-referenced against
reputable market research
TAM = VIO X VMT x Efficiency
"
■
How much electricity is needed to power those vehicles
VMT: Vehicle Miles Traveled
Efficiency: Measured in kWh per mile, based on EV mix
SAM = TAM x % DC Fast Charging
-
■
How much of that power comes from DC Fast Charging
Retail estimates of % DC Fast Charging range 5% - 12%
■
Fleet estimates approach 60% by 2027
BNEF forecasts 30% DCFC usage for LDV by 2030
=
SOM EVgo kWh / SAM
■
Technology-focused platform improves user experience resulting in
increased captured SOM
2027E VIO
7.25mm BEVS
TAM
34,347 GWh
(47
SAM
11,739 GWh
Source: BNEF Long Term Electric Vehicle Outlook 2020, May 2020, BNEF Share of Global EV Charging and Company estimates.
EVgo
SOM
2,478 GWh
EVgo
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