Investor Presentaiton
+ INFLATION REDUCTION ACT
$370 billion US dedicated to the climate agenda
» Incentives for the purchase of electric vehicles
Measures for the development of charging
infrastructure
» Eligibility criteria for credits related to battery
composition, component source
After 2024, critical minerals that are mined,
processed, or recycled in a "foreign entity of
concern" will prevent EV manufacturers from
receiving the clean vehicle credit.
» Manufacturers are rushing to find alternatives to
Chinese supplies
NMG offers procurement that complies with US
requirements
NMG.com + NYSE: NMG | TSXV: NOU | FSE: NM9A
GWh
1,300
1,200
1,100
1,000
900
800
700
Jan-22
The IRA impact: US gigafactory capacity pipeline
overtakes Europe for first time
US adds record battery capacity after the signing of IRA in August
US announced IRA in August
Feb-22
Mar-22
Apr-22
May-22
Jun-22
Jul-22
US battery capacity
pipeline to 2031
SOURCE: BENCHMARK GIGAFACTORY ASSESSMENT
EuAug-22
Sep-22
Oct-22
Nov-22
Europe battery capacity
pipeline to 2031
Dec-22
Jan-23
Feb-23
Mar-23
Apr-23
May-23
+BENCHMARK
+ 23 +
PROPRIETARY & CONFIDENTIAL
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