AlixPartners Automotive Electrification Index Second Quarter 217
AlixPartners Automotive Electrification Index e-range E-RANGE = Sum of electric range of all electric vehicles (EV) sold By automaker, segment, region, and country Note: e-range does not include range from internal-combustionengine (ICE) sources in plug-in hybrids only the battery range is included The e-range attempts to rank the electrically driven range, and as such, does not include non-plug-in hybrids (HEVs) such as the standard Toyota Prius 2
AlixPartners Automotive Electrification Index ICE-vehicle equivalent market share Using e-range data, we can calculate an ICE-vehicle equivalent market share Total number of full-ice-equivalentrange EVs sold Total number of vehicles sold (EV and ICE) By automaker, segment, region, and country Full-ICE-equivalent EVs are defined as the electric range of the vehicle sold divided by 311 miles (5 km) Note: to make the EV equivalent to an internal combustion engine vehicle (ICE), the 311-mile (5-km) range approximates an equivalent range between fill-ups for ICE vehicles. Dividing by this factor results in a more illuminating view of overall electrification, as it counts vehicles with high-electric ranges as full alternatives to ICE vehicles and discounts small range city cars or compliance vehicles Note: range of the ICE vehicles are not normalized to 311 miles (5 km) each ICE unit sold is counted as a full vehicle 3
AlixPartners Automotive Electrification Index Goal: e-range as a more meaningful measure than currently exists in the public domain for tracking the progress of electrification in the auto industry globally by region, country, segment, and particularly by automaker Transparency: based on publicly available data and data validated directly by the automakers Sources: IHS Markit Ltd.: for total sales data (all vehicle types) EV-volumes.com: for electric ranges for battery-electric vehicles (BEVs), plug-in hybrid vehicles (PHEVs), fuel-cell electric vehicles (FCEVs) Automaker- and government-published websites: ditto the above Discussions with automakers to validate ranges, with several automakers updating ranges beyond what was publicly available Vehicle scope: passenger cars and light trucks (GVW<6 tons), which coincides with IHS Markit's light vehicle definition Sales allocation by automaker: based on IHS Markit s method for allocating vehicle sales to brands (including for joint ventures, upfitters, post-production customizations, etc.) 4
61 countries in the index (where EV sales have taken place/are recordable to date) AUSTRALIA ESTONIA LUXEMBOURG SLOVENIA AUSTRIA FINLAND MALAYSIA SOUTH AFRICA BELGIUM FRANCE MALTA SOUTH KOREA BERMUDA GERMANY MEXICO SPAIN BRAZIL GREECE MOROCCO SWEDEN BULGARIA HONG KONG NETHERLANDS SWITZERLAND CANADA HUNGARY NEW ZEALAND TAIWAN CHILE ICELAND NORWAY THAILAND CHINA INDIA POLAND TURKEY COLOMBIA INDONESIA PORTUGAL UKRAINE COSTA RICA IRELAND PUERTO RICO UNITED ARAB EMIRATES CROATIA ISRAEL ROMANIA UNITED KINGDOM CYPRUS ITALY RUSSIA UNITED STATES CZECH REPUBLIC JAPAN SAUDI ARABIA DENMARK LATVIA SINGAPORE ECUADOR LITHUANIA SLOVAKIA Sources: EV-volumes.com, automaker responses 5
(km, (miles, shows the development of electrification more clearly than looking at plug-ins and normal hybrids (e.g. Prius) together Q1 213 of BEV, PHEV, FC: 41,23 share:.6% Market share:.21% Average e-range: 84 miles (136 km) 5 4 3 2 3 2 Q1 13 Q2 13 AlixPartners Automotive Electrification Index Q3 13 Q4 13 Q1 14 E-range: electric miles sold Q2 14 Q3 14 X7.7 Q4 14 Q1 15 X7.1 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 share share: number full ICE equivalent 1 sold as percentage of total number of vehicles sold Q4 16 Q1 17 Q2 17.5.4.3.2.1. share (percentage) Q2 217 of BEV, PHEV, FC: 26,411 share:.43% Market share: 1.19% Average e-range: 112 miles (18 km) 1 Electric range/311miles (5km) defining the equivalent full ICE vehicle share 6
(km, (miles, share (percentage) sold by region since 2Q 213: China has grown the most, while other regions moderately : main regions by quarter (Q1 13 to ) share: main regions by quarter (Q1 13 to ) 5 3.8 4.6 3 2.4 2.2 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 13 13 13 13 14 14 14 14 15 15 15 15 16 16 16 16 17 17. Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 13 13 13 13 14 14 14 14 15 15 15 15 16 16 16 16 17 17 Key: Europe Greater China Japan/Korea North America Global 7
by country Q2 217: China dominant; more than double the US and more than next countries combined by country: (2Q 217) Country (miles, (km 1 China 13.83 22.26 121,185 2 United States 5.55 8.93 47,974 3 Norway 1.71 2.75 13,948 4 France 1.59 2.56,14 5 Germany 1.22 1.96 12,23 6 Japan.94 1.51 14,276 7 United Kingdom.86 1.38,161 8 Canada.5.81 4,39 9 Netherlands.38.61 1,969 Sweden.35.56 4,479 11 South Korea.35.56 2,775 12 Austria.31.5 1,777 13 Belgium.25.41 4,286 14 Switzerland.25.4 1,624 15 Spain.17.28 1,688 16 Italy.12.2 1,331 17 Portugal.9.15 958 18 Australia.9.14 445 19 Ukraine.6.9 79 2 Iceland.5,8 632 21 Finland.5.8 662 Country (miles, (km 22 India.3.5 43 23 UAE.3.5 15 24 Luxembourg.3.5 298 25 New Zealand.3.5 228 26 Poland.2.3 136 27 Denmark.2.3 2 28 Mexico.2.3 128 29 Slovenia.2.3 113 3 Singapore.1.2 9 31 Russia.1.2 53 32 Hungary.1.2 1 33 Ireland.1.2 9 34 Czech Republic.1.2 121 35 Slovakia.1.2 119 36 Hong Kong.1.2 91 37 Taiwan.1.2 45 38 Malaysia.1.1 55 39 Latvia.1.1 34 4 Turkey.1.1 38 41 South Africa 41 42 Israel 44 8
by country Q2 217: China dominant; more than double the US and more than next countries combined (cont d) by country: (2Q 217) Country (miles, (km 43 Cyprus 25 44 Lithuania 14 45 Chile 25 46 Indonesia 7 47 Romania 49 48 Estonia 16 49 Greece 14 5 Colombia 18 51 Brazil 12 52 Thailand 3 53 Bulgaria 1 54 Bermuda 55 Costa Rica 56 Croatia 57 Ecuador 58 Malta 59 Morocco 6 Puerto Rico 61 Saudi Arabia Global 29.1 46.72 26,411 9
Using the e-range data, ICE-equivalent share by country Q2 217: smaller European countries with high buying power stand out share by country: 2Q 217 Country share (%) 1 Norway 11.47 13,948 2 Iceland 1.59 632 3 Netherlands.97 1,969 4 Austria.95 1,777 5 Sweden.94 4,479 6 Ukraine.87 79 7 Switzerland.86 1,624 8 France.72,14 9 China.71 121,185 Luxembourg.58 298 11 Belgium.46 4,286 12 Finland.44 662 13 United Kingdom.41,161 14 United States.4 47,974 15 Portugal.38 958 16 Germany.38 12,23 17 Latvia.34 34 18 Hong Kong.32 91 19 Canada.27 4,39 2 Japan.26 14,276 21 New Zealand.24 228 Country share (%) 22 South Korea.23 2,675 23 Slovenia.22 113 24 Singapore.18 9 25 Ireland.17 9 26 Slovakia.14 119 27 UAE.14 15 28 Spain.13 1,688 29 Hungary.13 1 3 Lithuania.11 14 31 Denmark.9 2 32 Australia.9 445 33 Estonia.7 16 34 Italy.7 1,331 35 Poland.5 136 36 Czech Republic.5 121 37 Taiwan.3 45 38 Romania.2 49 39 Israel.2 44 4 Malaysia.2 55 41 Greece.2 14 42 South Africa.1 41 Country share (%) 43 India.1 43 44 Russia.1 53 45 Chile.1 25 46 Colombia.1 18 47 Turkey.1 38 48 Mexico 83 49 Thailand 3 5 Bulgaria 1 51 Brazil 12 52 Bermuda 53 Costa Rica 54 Croatia 55 Cyprus 56 Ecuador 57 Indonesia 58 Malta 59 Morocco 6 Puerto Rico 61 Saudi Arabia Global.43 26,411
by automaker Q2 217: Tesla tops; China has 5 of top ; GM and Nissan show fruits of past EV commitments by automaker: 2Q 217 OEM (miles, (km 1 Tesla 6.11 9.84 21,746 2 Renault/Nissan 3.73 6. 21,746 3 BYD 3.34 5.38 26,548 4 BAIC 2.2 3.25 17,451 5 General Motors 1.64 2.64 12,347 6 Geely 1.33 2.14 12,623 7 BMW 1.26 2.3 2,26 8 Zhidou 1.24 2. 12,894 9 Jianghuai 1.2 1.92 7,774 Hyundai 1.14 1.84 9,289 11 Volkswagen 1.5 1.69 16,171 12 Toyota.76 1.23 16,862 13 Chery.75 1.21 8,288 14 Zotye.75 1.21 8,158 15 Jiangling.46.73 5,914 16 Changan.45.72 4,81 17 PSA.31.51 1,822 18 Daimler.3.48 8,126 19 Dongfeng.24.39 2,411 2 Mitsubishi.24.38 6,738 21 SAIC.21.34 7,175 OEM (miles, (km 22 FCA.2.32 3,328 23 Ford.16.26 5,84 24 Honda.8.13 22 25 Mahindra & Mahindra.3.5 43 26 Hawtai.3.5 371 27 Guangzhou Auto.2.2 296 28 Soueast 54 29 Lifan 2 3 Hainan Automobile 661 31 Sichuan Yema 234 32 Yulon 45 33 Other 2 Global 29.1 46.72 26,411 11
ICE-equivalent share of each automaker s volume: A large gap between Tesla and the Chinese versus the traditional industry share by automaker: 2Q 217 OEM share (%) EV sold Average range (miles) 1 Tesla 9.45 21,692 281 2 Zhidou 31. 12,894 96 3 BYD 12.42 26,548 126 4 Zotye 5.72 8,158 92 5 BAIC 2.54 17,451 116 6 Chery 2.2 8,288 91 7 Jianghuai 1.83 7,774 154 8 Jiangling 1.27 5,914 77 9 Geely 1.11 12,623 5 BMW.65 2,24 63 11 Changan.57 4,81 93 12 Renault/Nissan.56 21,629 171 13 Hawtai.52 371 85 14 SAIC.48 7,175 3 15 Dongfeng.42 2,411 99 16 Mitsubishi.37 6,737 35 17 General Motors.35 12,347 133 18 Hyundai.22 9,289 123 19 Daimler.14 8,126 37 2 Volkswagen.13 16,169 65 21 Toyota. 16,861 45 OEM share (%) EV sold Average range (miles) 22 PSA. 1,822 172 23 Mahindra & Mahindra.8 43 78 24 FCA.5 3,328 59 25 Guangzhou Auto.4 296 52 26 Ford.3 5,84 28 27 Honda.2 22 374 28 Soueast.2 54 35 29 Lifan.1 2 78 3 Hainan Automobile. 661 n.a. 31 Sichuan Yema. 234 n.a. 32 Yulon. 45 n.a. 33 Other.2 2 155 Global.43 26,411 112 12
(km, (miles, (km, (miles, Chinese are gaining ground with General Motors and Renault-Nissan showing results from their commitment to electrification : Top five OEMs by quarter (Q1 13 to ) : Top five countries by quarter (Q1 13 to ) 14 12 8 25 15 6 2 8 15 6 4 4 5 2 2 5 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 13 13 13 13 14 14 14 14 15 15 15 15 16 16 16 16 17 17 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 13 13 13 13 14 14 14 14 15 15 15 15 16 16 16 16 17 17 Key: Tesla BYD General Motors Key: China Norway Germany Renault/Nissan BAIC United States France 13
For more information, please contact: MARK WAKEFIELD Managing Director, Global Co-lead, Automotive & Industrial Detroit mwakefield@alixpartners.com ELMAR KADES Managing Director, Global Co-lead, Automotive & Industrial Munich ekades@alixpartners.com ANDREW BERGBAUM Managing Director London abergbaum@alixpartners.com KOICHI KAWAGUCHI Managing Director Tokyo kkawaguchi@alixpartners.com QIAN XU Director Shanghai qxu@alixpartners.com 14
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