Investor Presentaiton
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EV Market is Poised for Tremendous Long Term Growth
.
Unprecedented EV VIO growth with 24%
CAGR, or almost 100x, expected between
2019 and 2040, opens a massive
addressable market
U.S. Electric Vehicles In Operation (“VIO”)
(EV unit sales in millions)
(Total EVs in millions)
76
8
75
2019 27 CAGR
2027-40 CAGR
2019-40 CAGR
30% Retail
15% Retail
20% Retail
6
81% Fleet
19% Fleet
40% Fleet
30
158% MHD
15% MHD
57% MHD
30
Growth driven by increase in EV models
32% Total (9x)
20% Total (11x)
24% Total (97x)
available and purchase price parity
between EV and ICE vehicles
4
14
20
20
5
10
4
10
2
1
1
1
1
2
Electric vehicle electricity consumption
expected to realize 28% CAGR, or 176x
TAM growth, between 2019 and 2040
0
2019 2020E 2021E 2022E 2023E 2024E 2025E 2026E 2027Ě 2030E 2040E
Retail Fleet MHD EV Sales
By 2040, -28% of all U.S. vehicles are
expected to be battery electric, implying
significant additional growth thereafter (1)
(TWh)
EV Total Addressable Market (“TAM”)
2019 27 CAGR
2027-40 CAGR
2019-40 CAGR
32% Retail
19% Retail
24% Retail
86% Fleet
25% Fleet
45% Fleet
152% MHD
41% Total (16x)
17% MHD
57% MHD
21% Total (11x)
28% Total (176x)
34
25
18
13
2
2
3
5 8
67
390
2019 2020E 2021E 2022E 2023E 2024E 2025E 2026E 2027E 2030E 2040E
Fleet
Retail
MHD
Source: Company estimates, U.S. Department of Transportation, BNEF and Wall Street research.
Note: 2019 through 2027 based on company estimates, 2030 and 2040 based on BNEF.
Based on 273mm registered vehicles in the U.S.
(1)
0
EVgo
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