A Differentiated and Compelling Investment Opportunity
The Market Potential for Smart EVs is Massive and Growing
Passenger EV Market (~7.7mm annual units sold by 2025E)(1)
LMD EV Market (~470k annual units sold by 2025E) (2)
(Units in thousands)
(Units in millions)
United States
-34% CAGR
4.0
1.1
0.2
2020E
2025E
2030E
Europe
~29% CAGR
5.9
2.0
0.5
0.9
China
~30% CAGR
12.6
4.6
2020E
2025E
2030E
2020E
2025E
2030E
U.S., Europe, and China
-49% CAGR
1,680
470
30
2020E
2025E
2030E
Passenger EV Market Drivers
-
Global CO2 emission legislation continues to tighten
-
15 - 20 countries have fixed dates to end Internal Combustion Engine sales
-
European CO2 legislation in 2020 drives tripling of BEV sales
Last Mile Delivery Market Drivers
Urbanization and e-commerce leading to new target to
reduce pollution in cities
New European and Chinese regulations restrict or ban
the use of Internal Combustion Engine LCVs
CAFE, EU and Chinese GHG emission regulations
expected to encourage BE LCV adoption going forward
Source:
Note:
(1)
(2)
Bloomberg NEF Electric Vehicle Outlook as of May 2020.
LCV = Light Commercial Vehicle.
Represents EVmarket in the United States, Europe and China, and excludes the rest of the world.
LMD EV market defined as Bloomberg NEF LCV EV market for U.S., Europe, and China.
2021 FARADAY FUTURE
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PROPRIETARY AND CONFIDENTIALView entire presentation