Nikola Results Presentation Deck

HYDROGEN STATION DEVELOPMENT PROGRESS Station infrastructure development accelerating with capital partners and regulatory grants 8 station locations planned and beginning the development process with Voltera Grants lower capex and dispensing costs at stations First station location is expected to be fully operational by December 2023 (¹) FFI acquired PHH; Project progressing; Expect Phase 1 to be operational Q1 2025 (¹) PLANNED LOCATION Ontario Colton Carson Sacramento ECOSYSTEM DEVELOPMENT WITH PARTNERS Rialto Hesperia Otay Mesa West Sacramento PARTNER Other Voltera Other Voltera Other Voltera Voltera Voltera 1. Estimated and subject to change 2. TCEP Trade Corridor Enhancement Program 3. MSRC=Mobile Source Air Pollution Reduction Review Committee 4. AQMD=Air Quality Management District GRANTED BY TCEP (2), MSRC (3) TCEP TCEP AQMD (4) TCEP TCEP TCEP EnerglIZE ESTIMATED IN-SERVICE DATE (1) Dec 2023 2H 2024 2H 2024 1H 2025 2H 2025 1H 2026 1H 2026 2H 2026 West Sacramento Oakland Ontario Stockton Sacramento Voltera Hesperia Rialto Colton Carson Perris Otay Mesa Other Partners Blythe NIKOLA

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