Car presentation

1. AMS Automotive EVolution 2022 Summit
18 May, 2022
Edgar Faler – Senior Industry Analyst

2. 2
CENTER FOR AUTOMOTIVE RESEARCH
THE CENTER FOR AUTOMOTIVE RESEARCH (CAR)
Consortia that bring together
industry stakeholders to
participate in working groups,
networking opportunities,
and access to CAR staff.
RESEARCH EVENTS CONNECT
Industry-driven events and
conferences that deliver
content, context, and
connections.
Independent research and
analysis on critical issues
facing the industry.
Our mission is to produce independent research, convene stakeholders, and analyze critical
issues facing the mobility industry and its impact on the economy and society.

3. 3
Electrified Vehicles take up 11.9% of the U.S. market
0.6%
3.1%
3.2%
6.7%
6.7%
10.1%
11.9%
18.5%
39.0%
0% 5% 10% 15% 20% 25% 30% 35% 40% 45%
Large Car
Van
Luxury Car
Small Car
Middle Car
SUV
Electrified
Pickup
CUV
Market Share: Light Vehicle Segment Breakdown
U.S. Light Vehicle Sales 2022 YTD Through April
Note: Electrified Segment consists of BEVs, HEVs and PHEVs; all other segments are sales exclusive of Hybrid models
Source: Wards Automotive Reports and CAR Research

4. 4
Electrified vehicles see a massive increase in
year-to-date sales since last year
-37.1%
-33.9%
-22.1%
-22.0%
-21.2%
-19.9%
-12.8%
-12.6%
-5.1%
6.8%
24.1%
63.6%
-16.6%
-60% -40% -20% 0% 20% 40% 60% 80%
Small Car
Van
Luxury Car
Middle Car
CUV
Large Car
Pickup
Fuel Cell
SUV
Hybrid
PHEV
BEV
Total
Segment Breakdown: U.S. Light Vehicles Sales Percent Change
2022 YTD vs. 2021 YTD Through April
Note: All other segments are sales exclusive of Hybrid models
Source: Wards Automotive Reports and CAR Research

5. 5
Impact of EV on Automotive Ecosystem
Trends via CAR Research
CENTER FOR AUTOMOTIVE RESEARCH
Automakers
Disrupting value
chain and
ecosystem, i.e.,
new centers of
influence
Transition from
ICE to BEV to
affect
manufacturing
footprint and
processes
Dealers
Dealers model
affected by new
BEV upstarts and
reduced
maintenance
requirements
Build-to-order to
likely coexist
with traditional
“push” sales
strategies
Suppliers
New emerging
supply base for
electrified
powertrains
Vertical
integration by
automakers to
disrupt
traditional
suppliers
Risk of critical
mineral
shortages
End Customers
Customer
concerns remain
to be addressed
before mass
adoption, e.g.
range anxiety,
convenience,
and cost
EV’s to elevate
customer
expectations for
vehicle digital
experiences
Government
Regulations
Government
regulations and
incentives to
play important
role for EV
investment and
ESG strategies
CAR to publish
“white papers”
and research
Sources: CAR research

6. 6
CENTER FOR AUTOMOTIVE RESEARCH
Sources: CAR research, Wards historical 2020-2021; forecasts as of 27 April, 2022
Forecasting Dilemma = OEM Planning Challenges
U.S. EV sales %-total 2020-2021 actual; 2022-2030 projected

7. 7
CENTER FOR AUTOMOTIVE RESEARCH 7
North American Electrified Vehicle Production Models &
Volumes Projected to Grow Substantially
2020 – 2028 Forecast
Source: LMC Automotive
0
50
100
150
200
250
300
2020 2021 2022 2023 2024 2025 2026 2027 2028
ELECTRIFIED NAMEPLATES
PRODUCED IN NORTH AMERICAN
PLANTS (#)
BEV PHEV FHEV MHEV EREV FCEV
0.0%
5.0%
10.0%
15.0%
20.0%
25.0%
30.0%
35.0%
40.0%
45.0%
0
1
2
3
4
5
6
7
8
2020 2021 2022 2023 2024 2025 2026 2027 2028
Millions
TOTAL ELECTRIFIED VEHICLES
PRODUCED IN NORTH AMERICAN PLANTS
(%-TOTAL)
MHEV Total
MHEV (48V) Total
FHEV Total
EREV Total
FCEV Total
PHEV Total
BEV Total
Grand Total Electrified share
Grand Total BEV/PHEV/FCEV share

8. 8
CENTER FOR AUTOMOTIVE RESEARCH
EV Releases, Sales, and Production Projections
2021 2022 2023 2024 2025 2027 2030
Rivian
Production begins in their
Georgia plant
Audi
Starts production in
Chinese that aims to
produce 150,000 EVs/year
Genesis
EVs will be the only new models
Ford
Have sold a total of 1M EVs
Begins battery production in
Kentucky plant
GM
30 models by this time
Kia
20% of sales in Euro, NA, and
Korea will be EVs
Audi
20 models by this time
VW
ID.2 production will begin
Ram
Ram 1500 EV released
Mercedes
50% of sales to be EVs
Nissan
EV plant will begin assembly in
Mississippi
Kia
14 EV models by this time
GM
400,000 EVs delivered
Ford
600,000 EVs produced
Kia
Two EV models will be
released
VW
Ability to produce 1M
EVs/year in China
Stellantis
First Jeep EV released
Source:
Ford
40%-50% of global vehicle
volume to be electric
Subaru
40% of global sales will be EVs
or HEVs
GM
50% of NA assembly capacity
will be converted to EV
production
GM
70% of Euro sales will be EVs
Hyundai
Sell 1.87M EV/year
11 New models
Kia
Sell 1.2M EV/year
Volvo
Fully Electric
Toyota
Sell 3.5M EVs/year
Stellantis
50% of US sales BEV
100 % of Euro sales BEV
25 models by this time
Nissan
40% of sales to be EVs
Genesis
Internal combustion vehicles
phased out
Tesla
936k EVs delivered
Ford
Mache E sells over
27,000
Audi
80,000 EV sold
GM
Chevy sold over 20,000
EVs
Mercedes
99,000 EVs sold
Jaguar
i-Pace sold 9,970
Rivian
Delivered and sold
around 1,000 EVs
Kia
Over 8,000 EVs sold
VW
263K BEVs delivered
Volvo
25K BEVs sold
GM
Six-fold increase in EV
truck and SUV production
Ford
Projecting at least a 25%
growth in EV revenue and
several new models
Tesla
Projecting over 1.4M EVs
delivered

9. 9
CENTER FOR AUTOMOTIVE RESEARCH
Announced Automaker AV/EV-Related
Investments by Country
2015 to February 2022
The automotive industry has
invested heavily in Electrified Vehicle
(EV) and Automated Vehicle (AV)
technology and capacity since 2017.
In 2021 and the beginning of 2022,
some of the largest investments in
the U.S. automotive industry history
were announced, totaling more than
USD 40.0 billion.
1) Ford: Blue Oval City and Blue Oval
SK, USD 11.4 billion total
2) Rivian: Texas assembly plant and
Georgia assembly plant, USD 10
billion total
3) Hyundai-Kia: for EVs, and
hydrogen fueling infrastructure, USD
7.4 billion
4) Stellantis and LG Energy joint
venture battery manufacturing
facility in Windsor, Canada, CAD 5.0
billion (USD 4.1 billion)
$0
$5
$10
$15
$20
$25
$30
$35
$40
$45
2015 2016 2017 2018 2019 2020 2021 2022 YTD
Billions
USA MEXICO CANADA
Source: CAR Book of Deals Database