Nikola Investor Day Presentation Deck

20 PAGE V1OXIN COMPETITIVE LANDSCAPE COMPETITION AVG. 200 MILES (1) DAY CAB MARKET(2) ~95k units annually TREBEV UP TO 350 MILES 78% - REGIONAL Avg. ~300-320 daily miles 22% - LOCAL Avg. ~150-200 daily miles NIKOLA'S RANGE IS KEY DIFFERENTIATOR Tre BEV's longer range enables Nikola serve a greater portion of the day cab market 1) Estimated; subject to change. Average of competitor tractors that qualify for California HVIP as of Mar 23, 2022, and 300-mile Tesla Semi 2) Source: ACT Research

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