Nikola Investor Day Presentation Deck

7 3 PAGE VTOMIN HEAVY TRUCK-SPECIFIC MANDATES Mandates and requirements specific to heavy-duty trucks are driving changes to transportation sector FEDERAL EPA → Proposed Clean Truck Rulemaking (Final YE '22) Stronger NOx and GHG standards to reduce pollution starting model year (MY) ¹27 ■ MANDATES Advanced Clean Truck (ACT) Standard MY '24/'25 through '35 zero emission truck sales require: 55% of Class 2b - 3 75% Class 4 - 8 (Straight- trucks) 40% truck-tractor ■ STATE = o Adopted 6 states. Pending = 8 states FOREIGN MOU for zero-emission medium/heavy-duty vehicles - signed Fall '21 o Target for ZEV new truck/bus sales → 100% by 2040 o Signed by: UK, Canada, Austria, Norway, Denmark, Finland, Switzerland, etc.

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