Allego Investor Presentation Deck

Electrification of the European Automotive Market is Accelerating XEV Penetration Sales Forecasts: Europe vs. U.S. Sales XEV units ('000s) 18,000 15,000 12,000 9,000 6,000 3,000 0 200 150 100 50 New XEV Models Introduced: Europe vs. North America # of XEV models 250 North America 226 0 39% 16% 202 Q1 2022 XEV (EU) XEV penetration (EU) Hill 2022E 2023E 2024E 2025E 2026E 2027E 2028E 2029E 2030E 2031E 2032E 2033E 2034E 2035E 207 96 ||| 82 Allego> ■ Europe 210 99 220 106 226 XEV (U.S.) XEV penetration (U.S.) 114 60% 44% Source: BNEF reports. 116 226 116 Sales XEV penetration 78% 90% 62% 70% 227 121 227 Q2 2022E Q3 2022E Q4 2022E Q1 2023E Q2 2023E Q3 2023E Q4 2023E Q1 2024E 122 50% 30% 10% -10% K J XEV penetration of new cars in Europe expected to reach 39% in 2025E, ramping up to ~80% by 2035E In contrast, expected XEV penetration in the U.S. is 16% in 2025E and 44% in 2030E, with further acceleration to 62% by 2035E European regulations continue to tighten with seven countries banning ICE sales by 2030, supporting solid growth through the decade 12

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