EV Production Scaling and Financial Overview

EPA Clean School Bus Grant Program - Phase II Phase II - $400M Competitive Grant Program Timeline Anticipated Orders Application period May - Aug 2023 Anticipated Selection Nov 2023 - Jan 2024 Jan - Mar 2024 • Extensive project narrative and evaluation criteria • School district applicants: 15-50 bus orders Third party applicants (OEMs, bus distributors, or private school bus contractors): 25-100 bus orders BLUE BIRD Estimated to fund ~1,000 buses through 25-50 total awards $600M Phase III Program expected to be announced later in 2023 Anticipating 250+ Blue Bird bus orders through Blue Bird, dealer and contractor channels 14

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