California Quarterly Report Summary Q1 2021

May 2021

Introducing Electrify America

Largest and most powerful open fast DC charging network in the U.S.

Investing $2 billion over 10 years in ZEV infrastructure, education and access

Expecting to install or have under development approximately 800 total charging stations with about 3,500 ultra-fast chargers by December 2021

Overseeing multi-million dollar marketing campaigns to raise consumer awareness of electric vehicles

32

Electrify America opened new public charging stations at a pace of approximately two stations per week in Q1

Electrify America’s commissioned DC fast charging stations in California rose from 152 to 175 during the year

3

At the end of Q1 2021, Electrify America had opened 175 DC fast charging stations in California

243 stations with permits submitted

225 stations with permits complete/in construction

204 stations construction complete

175 stations commissioned

48% DAC/LIC

50% DAC/LIC

52% DAC/LIC

54% DAC/LIC

4

Stations with permits submitted

Stations with permits complete/in construction

Stations construction complete

Stations commissioned

Understanding California’s challenges is the key to tackling them

Remaining challenges in California include soft costs, permitting and utility interconnection timeframes

Average Utility Interconnection TimeframeCalifornia Average

Station Cost

3934%Higher than National California

National

79

35 days

Standard EA scheduled duration for permitting

Weeks

Permitting Duration (Business Days)

61

5

6 8 %

$ 2 0 1

• Station spacing: 9 mi. (avg.), 42 mi. (hwy avg.)

• Chargers per site: 3-10

• Charging speed: 3-20 miles/minute

• Access: 90% of Californians live within 15 miles of a charger, 96% within 25 miles

Electrify America’s California Network

Serving all of California including low-income, disadvantaged and rural communities

More than 35% of stations are in low-income and disadvantaged communities (LIC/DAC)

• 48% Contract executed• 51% Permit submitted• 52% In construction• 52% Construction complete• 53% Commissioned

Built more DC fast charging stations per capita in rural than urban areas

71% 68% $201

$9029% 32%

Overall Population DC fast charging stations DC fast charging spend $MM

Rural

Urban

LIC/DAC Station (Open)

LIC/DAC Station (Coming Soon)

Non-LIC/DAC Station (Open)

Non-LIC/DAC Station (Coming Soon)

6All data on this slide is from end of year 2020

Solar-powered charging stations and investment

• 30 charging stations now open, predominantly in rural California

• Electrify America working in collaboration with Fresno County Rural Agency and Beam Global to place EV ARCTM

stations in accessible public locations

• This solar-powered investment is an important part of Electrify America’s commitment to expand access to clean and financially sustainable EV charging to low-income, disadvantaged and rural communities

In Q1 2021, Electrify America operated solar-powered charging stations in California’s Central Valley

7

Sponsoring a range of education and awareness activities that help to educate about ZEV technology

Sponsoring many other efforts, including Veloz, EV Noire, and STEM organizations

Our Brand Neutral Campaign “Normal Now”

• Over 1 billion impressions to date nationwide

• Initiated Flight 3 of Normal Now campaign with paid search advertising

• Developed marketing materials for additional Flight 3 channels to launch in Q2

• Improve click-through metrics relative to previous flights

• Continued funding of six organizations to conduct EV outreach in low-income and disadvantaged communities

• Announced $1.6 million in STEM and workforce development programs to drive EV education

• Launched collaboration with EV Noire to increase awareness and accelerate adoption of EVs in diverse African-American communities throughout California

8

Sacramento Green City investment recipients continued providing mobility services

Continued operations in Q1 with two transit busses, two ride-share services, and charging infrastructure

Zero-emission transit: Causeway Connection and Franklin Boulevard service provided 98,000passenger miles of service in Q1 2021

Provided $10+ million toward ZEV buses, shuttles, and charging infrastructure to support clean travel in Sacramento

GIG: GIG’s free-floating car share fleet traveled 465,000 miles over 14,000 separate trips in Q1

Envoy: Envoy car share service’s 90 EVs provided over 3,400 trips

DAC/LIC Investment

Local and regional policy focus

71% of site hosts located in DAC/LIC

65% of home zone located in DAC/LIC

AAA EV Subscription service for DAC/LIC communities

84% of shuttle home zone located in DAC/LIC

9

Corporate social responsibility pillars

Enabling electric transportationCommitment to making the world a more sustainable place by driving electric vehicle adoption through infrastructure and education

Environmental sustainabilityCommitment to being carbon-neutral or better, powering our stations with renewable energy and building infrastructure sustainably

Community supportUnlocking electrification for all, including investments and education in disadvantaged, low income and rural areas

Equity & diversityStriving to achieve diversity and inclusion in everything we do, from investing to hiring and supplier relationships

Do we have image of the team?

10

11

Thank You