Allego Investor Presentation Deck
Electrification of
European Automotive
Market is Accelerating
||||||
XEV penetration of new cars in Europe
expected to reach 39% in 2025E, ramping
up to ~80% by 2035E
In contrast, expected XEV penetration in the
U.S. is 23% in 2025E and 52% in 2030E
European regulations continue to tighten,
with multiple countries banning ICE sales by
2030 and the EU Parliament banning ICE
vehicle sales by 2035 supporting solid
growth fundamentals
Allego>
Sales XEV units ('000s)
Source: BNEF (September 2022); US XEV penetration rates updated
for the Inflation Reduction Act.
18,000
15,000
12,000
9,000
6,000
3,000
0
200
XEV Penetration Sales Forecasts: Europe vs. U.S.
# of XEV models
300
100
O
77
I
200
82
204
XEV (EU)
39.1%
22.9%
89
New XEV Models Introduced: Europe vs. North America
216
101
228
XEV (U.S.)
4Q2022E
ill
108
XEV penetration (EU)
236
59.8%
51.8%
1Q2023E
110
237
111
239
XEV penetration (U.S.)
■ Europe
112
240
78%
115
241
100.0%
80.0%
60.0%
40.0%
20.0%
0.0%
North America
116
241
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