Harley Davidson SPAC Presentation Deck

1: RAPIDLY GROWING MARKET EV Penetration in North America and Europe Accelerating Similar to China EV MOTORCYCLE TAM REVENUE, $ MILLIONS EV MOTORCYCLE TAM UNITS ('000S) EV AUTO UNIT PENETRATION% North America 14 56 2020 EV MOTORCYCLE UNIT PENETRATION % 1% 5 3% 1,301 2026 91 10% 27% 182 2020 19 2% 8% Source: Management estimates. Represents light/medium/heavy motorcycles and 3-wheelers only. Excludes scooters and 4-wheelers. Europe 1,805 2026 153 13% 35% 1,650 2020 1,050 26% 5% China 3,303 2026 1,943 45% 33%

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