Lordstown Endurance Investor Presentation
•
.
Government: Secular Tailwinds = Support
Regulatory and Government Tailwinds for
Lordstown's Mission
14 states have adopted California's zero-emission vehicle
standards (requiring OEMs to sell EVs)
Customers to receive a $7,500 tax credit for the first
200,000 trucks produced by LMC (estimated to support
sales through 2024); potential for cap to be expanded to
600,000 units per OEM
December 2020 received $20M in jobs creation tax
credits from Jobs Ohio
. Biden-elect administration heavily in favor of expanding
financial and regulatory support for clean energy
programs and electrification of vehicles
Potential Government
DEPARTMEN
UNITEDS
ED STATES
OF
ENERGY
PAMERICA
SOF
JobsOhio
Mahoning Valley, the Heart of Ohio's Auto
Industry
Lordstown is focusing on transforming region into
'Voltage Valley', a cluster of companies to drive the
industry's electrification
WELCOME TO
VOLTAGE
VALLEY
RIDE WITH
LORDSTOWN
Investor Presentation | January 2021
18View entire presentation