INDUSTRY OUTLOOK

• The National Grid suggests that the number of electric vehicles on UK roads could reach 10.6 million by 2030 and as high as 36 million by 2040.
• Europe's electric vehicle market is projected to have a CAGR of 34.6% between 2020 and 2027.
• From 2007 to 2017, the UK's usage of railways and private hire vehicles grew by 36% and 41%.
• While still making up about 70% of all public transport usages, the number of bus passengers has fallen by 11% in the past decade.
• Revenue from ride-sharing services are projected to grow 30% to £102 billion by 2023.

ARRIVAL PROFILE

•  Arrival is a company based out of London, United Kingdom. They're focus is the production of second generation electric vehicles that are no more expensive that traditional vehicles.
• Their target market is commercial companies with a large dependence on motor vehicles such as postal services.
• Several large, notable investors have invested in Arrival such as UPS, Kia, and Hyundia.
• While Arrival has not yet generated significant revenue, it has a valuation of £3 billion.
• Currently, Arrival has not sold any vehicles on a commercial scale. It expects to launch its first line of vehicles commercially in late 2020.
• The UK's electric vehicle market is expected to have a CAGR of 34.6% between 2020 and 2027.
• Arrival's twitter handle is @arrival.