Ryder 2022 Investor Day
EV Market Penetration and Adoption
U.S. MARKET EV PENETRATION ('000) 1
Heavy Duty EV Production
(Class 8)
2023
2024 ☐ 2025
Medium Duty EV Production
(Class 6-7)
Light Duty EV Production
(Class 3-5)
Ryder's U.S. Fleet Mix²
300
100
240
180
120
60
0
88820
300
240
180
120
60
0
EV Production Total Production
EV Production Total Production
EV Production Total Production
Total EV Production
12.6k
Total EV Production
8.2k
Total EV Production
2023
1%
2023
1%
2023
2024
2%
2024
3%
2024
2025
2%
2025
5%
2025
•
Timeline continues to elongate; market penetration expected to progress slowly
9%
33%
54%
74.4k
3%
"
10%
13%
• OEM pricing and government funding / mandates expected to have greatest
impact on adoption rates
•
Significant diesel fleet expected to remain for extended period given anticipated
EV production levels
• Predicted to grow faster than other
classes over next 5 years with more
attractive TCO benefit, battery range,
and charging infrastructure -
opportunity for Ryder
SUPPLY CHAIN | DEDICATED TRANSPORTATION | FLEET MANAGEMENT SOLUTIONS
RYDER 2022 INVESTOR DAY
1 EV production based on OEM conversations and publicly available data. 2 Ryder's fleet mix as of 4/1/2022
Light Duty
Medium Duty
Heavy Duty
Ryder
79
Ever better.™View entire presentation