Metals Company SPAC
BETTER METALS FOR EVs
Surge in EV demand will test
the limits of metals supply.
Global electric vehicle sales
Millions of units¹
1.4
2020
7.0
>35x
2025
21.8
LO
LO
TO
2030
55.5
LO
2040
¹ New Energy Outlook 2020, BloombergNEF, October 2020. Includes both passenger and commercial vehicles.
2 Company press releases.
3 Market exchange rates as of February 8, 2021 per FactSet (financial data provider).
OEM commitments to EV development
Public commitments²
COO
Audi
DAIMLER
FCA
FIAT CHRYSLER AUTOMOBILES
~$18bn³
investment in
electromobility and
hybridization through 2025
~$84bn³
committed to R&D and capex spend,
with a particular focus
on electrification and
digitalization through 2025
~$11bn³
investment in development
and production of EVs
Ford
gm
$22bn
committed towards
electrification through 2025
~$27bn
committed to EVs and AVs
through 2025
~$42bn³
towards electromobility and
hybridization through 2025
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