Proterra Investor Presentation Deck slide image

Proterra Investor Presentation Deck

Electric Commercial Vehicles Are a Prime Beneficiary of the IRA The Inflation Reduction Act follows in the footsteps of the 30% solar ITC and $7.5k light-duty vehicle credit 2006: 30% solar energy ITC ¹ U.S. solar photovoltaic installations (MW) U.S. battery-electric vehicle sales (000s) 1st full year of the 30% solar tax credit 2 3 5 © 2022 Proterra. All Rights Reserved. 1st full year of The $7.5k tax credit 6 2010: $7.5k passenger vehicle tax credit ² 10 15 8 15 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2016 2017 2019 2020 2021 48 64 71 87 13 105 19 207 24 234 240 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 ● PROTERRA ● 2022: Inflation Reduction Act 3 Battery Production Tax Credit: $35/kWh for cells and $10/kWh for modules Commercial Clean Vehicle Credit: Tax credit of 30% of the price (or incremental EV cost) for new Class 4-8 purchases, up to $40k/vehicle Alternative Fuel Vehicle Refueling Property Credit: Tax credit of 30% of the cost of installing new charging infrastructure, up to $100k/item (low income/non-urban) USPS Clean Fleets: $3 billion for the purchase of zero emission delivery vehicles and supporting infrastructure • Clean Heavy-Duty Vehicles: $1 billion in grants/rebates for the purchase of zero emission Class 6 or 7 vehicles and supporting infrastructure for public fleets Grants to Reduce Air Pollution at Ports: $3 billion in grants/rebates for the purchase of zero emission port equipment or technology Advanced Technology Vehicle Manufacturing Loan Program: $3 billion credit subsidy providing an additional $20-30 billion in loan authority to the DoE 1. Solar Energy Industries Association and Wood Mackenzie Power & Renewables' U.S. Solar Market Insight reports 2009-2021 2. Oak Ridge National Laboratory's Transportation Energy Data Book: Edition 39 3. H.R.5376 - 117th Congress (2021-2022): https://www.congress.gov/117/bills/hr5376/BILLS-117hr5376enr.pdf 26
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