Volta SPAC Presentation Deck

Electric cars will be cheaper than gas cars beginning in 36 months volta Battery Cost ($/kWh) $ 400 $ 350 $300 $ 250 $200 $ 150 $ 100 $ 50 $0 BATTERY COST CURVE DECLINES ... 2016 Tortoise Acquisition Corp.ll Battery costs drop <$100/kWh beginning in 2024; EVS compete on cost with ICE 2018 2020 2022 2024 2026 2028 2030 9 2010'S TODAY TOMORROW .….. BRINGING EV COST TO INFLECTION POINT ICE $46,700 $40,250 $58,900 EV ~$10K MORE EXPENSIVE EV PRICE PARITY EV ~$10K CHEAPER THAN ICE EV $57,400 $37,990 $49,990 Source: BloombergNEF and other publicly available data.

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