Polestar Investor Presentation Deck

2 Broader EV and luxury landscape T TESLA LUCID RIVIAN NIO XPENG PORSCHE VOLVO Audi Mercedes-Benz JAGUAR LAND- -ROVER 1. Includes PHEVs. Source: Leading management consultancy firm. EV share of 35%+ by 2025E¹ T TESLA LUCID RIVIAN NIO XPENG PORSCHE VOLVO Investment highlights The only global EV pure play alongside Tesla EV pure plays T TESLA LUCID RIVIAN Ο ΝΙΟ XPENG Global EV pure plays T TESLA With the exception of Volvo and Porsche, incumbent OEMs exhibit a relative low speed of transition despite recent acceleration plan announcements Nio and Xpeng are still predominantly regional companies Lucid and Rivian commenced production recently and likely to be regional players initially Polestar and Tesla are currently the only EV pure plays with mass production and global reach 18

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