Proterra Investor Presentation Deck

The Dawn of Commercial Vehicle Electrification Has Come Forecasts for the Electrification of 600k+ Trucks per Year in North American and Europe Would Require Massive Battery Supply of 100s of GWhs Annually by 2040¹ Vehicle Units <1% 2022 Medium-Duty Trucks & Buses¹ >115k Vehicles 2030 Electric as % of New Vehicle Sales >365k Vehicles © 2023 Proterra. All Rights Reserved. 2040 >75% Vehicle Units <1% Heavy-Duty Trucks¹ 2022 >65k Vehicles PROTERRA >250k Vehicles 2030 Electric as % of New Vehicle Sales 2040 >35% New electric truck & bus market implies heavy-duty battery demand of >75 GWh in 2030 and >275 GWh in 2040² 1. Management estimate based on Morgan Stanley's penetration forecasts from March 13, 2023 report, "Zero-Emissions Truck Penetration Curve Refresh - 2023 Edition" and assume average battery size/vehicle of 225 kWh for medium-duty, 300 kWh for buses and 750 kWh for heavy-duty 2. Morgan Stanley's March 13, 2023 report, "Zero-Emissions Truck Penetration Curve Refresh - 2023 Edition" Note: Images are artistic renderings and do not represent actual vehicles on the market 4

View entire presentation