Proterra Investor Presentation Deck
Commercial Vehicle Electrification is at an Inflection Point
Tens of Billions of Dollars in Funding Federally Approved for the Electric Commercial Vehicle Industry
$ in Million
Federal Funding Approved for Zero Emission Transit and School Buses
$913
$84 $85
$0
FY18
$0
FY19
$130
$0
FY20
U.S.
$182
$7
$842 $844
ilib.i.
$500 $500 $500
FY21 FY22 FY23
California: 100% by 20454
(75% Class 4-8 by 2035) 5
New York: 100% by 20456
Federal fleet: 100% by
20357
$829
1.
2.
Zero Emission Truck Mandates & Commitments 3
34667
FY24
13 countries8: 100% by
2040 | 30% by 2030
5.
© 2023 Proterra. All Rights Reserved. 6.
7.
$845
Europe
$846
$500
FY25 FY26
FedEx.
Express
Federal zero
emission transit
bus funding ¹
Corporate⁹
100% by
2030, 50%
by 2025
Federal zero
emission school
bus funding 2
DHL
70%
by
2025
$45/
kWh
California's Advanced Clean Trucks rule; also adopted by MA, NJ, OR, and WA
New York Governor's New Advanced Clean Truck Rule
President Biden's Executive Order 14057
$40k
/vehicle
$100k
/ item
$3
Bn
$1
Bn
$3
Bn
$3
Bn
Federal Transit Administration
EPA's 2021 ARP Electric School Bus Rebates and Clean School Bus Program ($500M dedicated for
zero-emission plus additional $500M for zero- or low-emission school buses per annum FY22-FY26)
Represents % of new vehicle purchases
California Governor's Executive Order N-79-20
2022 Inflation Reduction Act
PROTERRA
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
8. At the COP26 UN Climate Change Conference of the Parties conference in Nov.
2021, 13 European countries pledged 100% zero-emission new truck and bus sales
by 2040: Austria, Denmark, Finland, Luxembourg, Netherlands, New Zealand,
Norway, Scotland, Switzerland, Turkey, the United Kingdom, Uruguay, and Wales
9. Represents examples of corporate fleets targeting zero emission vehicles; Proterra
does not have a commercial relationship with either company; "FedEx Commits to
Carbon Neutral Operations by 2040," March 3, 2021.
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