North America United States Consumer Autos & Auto Parts FITT Research Company Company 3 November 2009 Fundamental, Industry, Thematic, Thought Leading Deutsche Bank's Company Research Product Committee has deemed this work Electric Cars: F.I.T.T. for investors seeking differentiated ideas. In our June 2008 FITT report entitled “Electric Cars: Plugged in”, we suggested that a number of factors, Plugged In 2 including rising oil prices, regulations, and battery technology advancements set the stage for increased electrification of the world’s automobiles. We see implications not only for automakers and traditional auto parts suppliers, but also for raw material producers, electric A mega-theme gains utilities, oil demand, and the global economy. U.S. Autos Research Team momentum Rod Lache Research Analyst (+1) 212 250-5551 Global Markets Research
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