Investors – COMPLX

EV Charging Demand Growth

20% of adults plan their next purchase to be EV (high demand will continue) while 97% of 35m U.S condo/apartment complexes (17% of households) don’t have EV charging capability

12% Global Sales In 2022

EV sales comprise 5% of the U.S. market. Automakers are expected to hit 25% by 2025 / Biden pushing for 50% by 2030.

Over 60 Models Globally

EV sales in the U.S. doubled in the first half of 2021. Sales projected to triple in 2022 with over 40 models in the U.S.

Not Enough Chargers

Recent infrastructure bill only includes 7.5bn vs 15bn originally requested for charging stations & $0 for private multi-tenant properties.

Unfunded

Automakers cannot/won’t finance a nationwide charging network. Neither will the U.S. government.

EV Only

Ford & Chrysler-parent Stellantis are expecting to hit 40% EV sales. GM & Volvo plan to go EV-only by 2035.

U.S. EV’s In Production Today

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U.S. EV’s Coming In 2022

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U.S EV’s In Production Today

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U.S EV’s In Production 2022

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Charging Market: Infancy

Massive Lack Of Stations

Less than 1% of installations across the U.S. contain the ability to charge EVs.

No Active Swapping

Once chargers are installed, property owners do not seek to replace them.

Competition

Blink Q3 22 607% yr/yr

Rev – $16M

ChargePoint Q3 22 100% yr/yr

Rev – $240M

Years Of Growth Ahead

With every EV sold = greater demand for charging at frequented places (malls, parking decks, hospitals, schools, stadiums, etc).

Tesla Stations: Tesla Only

Tesla chargers are proprietary but with more than 40 models entering the market by 2023, the need for universal chargers is massive.

Sales: Land Grab

It’s a wide-open market for installations. No EV charging company is pitching to remove others’ stations. Sales teams are focused where there are no stations on a property or at home.

No Leading Brand Or Loyalty

There is no favored name brand leader for charging stations. Installation owners are not partial. They’re simply trying to meet demand for charging and that’s it.