Investor Presentaiton
13
CV Market is Core to PHINIA
Resilient CV Market
Quick recovery during the
Global Financial Crisis
24.6%
CAGR ('09-11)
2008 2009 2010 2011
Post-COVID resiliency
7.0%
CAGR (22-25)
2020
2022 2025E
ICE to Remain Dominant Technology
98%
92%
83%
3.9
4.0
2.9
0.3
0.7
BEV
0.1
2.8
3.5
3.3
ICE and
Hybrid
2022
2026E
2030E
Not directly tied to consumer spending
CVs and associated maintenance are non-discretionary
purchases for fleet owners
Better visibility on production outlook given order books and
longer manufacturing lead times
We see significant challenges for BEV adoption in CV, Industrial,
Off-Highway and long-haul trucking
Share gain opportunity through supplier consolidation and
leveraging our leading alternative fuel technology
Source: IHS.
Commercial vehicle unit volume
PHINIAView entire presentation