Piedmont Lithium Project Portfolio
EV DEMAND PROJECTED TO GROW DRAMATICALLY
Demand has Exceeded Expectations; Supply has Struggled to Keep Up
ELECTRIC VEHICLE SALES AND PENETRATION RATE
FORECASTS
Q4 2021 FORECAST VS. Q4 2022 FORECAST
100
90
80
70
60
50
40
30
20
10
2020
MATERIAL-CONSTRAINED VS. UNCONSTRAINED ELECTRIC VEHICLE
SALES FORECAST
(MM UNITS)
80%
70
70%
60
60
60%
50
50
50%
40
40%
30
30%
20
20%
20
10%
0%
2025
2030
2035
2040
Q4'22 Sales Forecast
Q4'21 Penetration Rate
Q4'22 Penetration Rate
I Q4'21 Sales Forecast
Source: Benchmark Minerals Intelligence Lithium Forecast
20
10
10
2020
2025
â– Material-constrained sales forecast
Source: Battery Material Review, Westbeck Capital estimates
2030
2035
Unconstrained sales forecast
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PIEDMONT
LITHIUMView entire presentation