Lion Electric Investor Event Presentation Deck

12 Underlying Secular Tailwinds UNITED STATES FEDERAL ■ STATES / MUNICIPAL ■ ■ Bipartisan Infrastructure Investment & Jobs Act passed Senate vote in August 2021 $5 billion of funding towards the replacement of existing school buses with clean and zero emission school buses ■ New York City school bus fleet to be 100% electrified by 2035 California legislature signed a budget bill to further promote the adoption of zero-emission vehicles Authorization of $2.7 billion for zero-emission vehicles and their infrastructure in the state budget in 2021-2022. California Advanced Clean Trucks rule: OEMs can start accumulating credits in 2021 Other regions under consideration/legislative review LCFS market live in California and Oregon and under consideration/legislative review in other regions I CANADA FEDERAL I ■ ■ C$2.75 billion in Federal funding over 5 years via Zero Emission Transit Fund Support public transit and school bus operators plan for electrification (incl. purchase of 5,000 zero emission buses). PROVINCIAL LION C$1.5 billion debt funding plan from the Infrastructure Bank of Canada for conversion to electric buses DON ■ $250 million subsidy program launched by Quebec MTQ: C$250 million in subsidies over 3 years for school bus electrification (100K to 150K per vehicle) H Objective to electrify 65% of the province school bus fleet by 2030; 2,600 new electric school buses on the road within the next 3 years Starting Nov, 1st, 2021, every new school bus registered in the province of Quebec will have to be an all-electric school bus LION ELECTRIC

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