Growth and Transition Strategy Update

The transition to a low-carbon economy will transform economies, sectors, and business models... Technology 79% Reduction in battery costs over the past decade¹ Consumer preferences 40% Electric vehicle share of global passenger vehicle sales by 20302 Policy >$470B U.S. pledged transition funding³ ~€635B EU pledged climate funding³ Note: For footnoted information, refer to slide 111. BlackRock 101

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