Faraday Future Joins Zero Emission Transportation Association (ZETA) Calling for an Accelerated Transition to Electric Vehicles

November 24, 2020

Faraday Future Joins 29 Others as a Founding Member of New Zero Emission Transportation Association (ZETA) in the US
Coalition Aims to Push for 100 Percent Electric Vehicle Sales by 2030 and Will Help Secure a Path for the Future of Electric Mobility
As a Forward-thinking Leader in the Electric Vehicle Space, Faraday Future Is Committed to Clean Energy EV Technology

LOS ANGELES–(BUSINESS WIRE)–Faraday Future (FF), a California-based global shared intelligent mobility ecosystem company, today announced that it has joined a coalition made up of 30 companies to launch the Zero Emission Transportation Association (ZETA), an organization dedicated to achieving 100% electric vehicle (EV) sales in the United States by 2030. Founding members are industry leaders in the EV space including Tesla, Uber and EVgo whose values and strategic interests support ZETA’s principles of EV adoption and growth in the US.

ZETA is the first coalition of its kind advocating for 100% EV sales by 2030, which will create hundreds of thousands of new jobs, secure American global EV manufacturing leadership, dramatically improve public health and significantly reduce carbon pollution.

Specifically, ZETA will focus on five key policy pillars that can, in the aggregate, put the US on the pathway to full EV sales by 2030:

1. Outcome-driven consumer EV incentives;

2. Emissions/performance standards;

3. Infrastructure investments;

4. Domestic manufacturing, including job creation and economic activity across the entire EV supply chain and lifecycle, from critical materials to vehicles;

5. Federal leadership and cooperation with sub-national entities.

“We are delighted to have the opportunity to be a founding partner in this extraordinary coalition of EV industry pioneers,” said Carsten Breitfeld, Global CEO of FF.

“At FF, we truly believe that EVs are the future and along with the fundamental principles that ZETA will advocate for, we can reach our goals for increased EV adoption and secure the path to future electric mobility.”

ABOUT FARADAY FUTURE

Established in May 2014, Faraday Future (FF) is a California-based global shared intelligent mobility ecosystem company, headquartered in Los Angeles. FF’s vision is to create a shared intelligent mobility ecosystem that empowers everyone to move, connect, breathe, and live freely. FF aims to perpetually improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the internet and new usership models. With the FF 91, FF has envisioned a vehicle that redefines transportation, mobility, and connectivity, creating a true “third internet living space,” complementing users’ home and smartphone internet experience.

FOLLOW FARADAY FUTURE:

https://www.ff.com/
https://twitter.com/FaradayFuture
https://www.facebook.com/faradayfuture/
https://www.instagram.com/faradayfuture/
www.linkedin.com/company/faradayfuture

ABOUT ZETA

ZETA brings together those who support meeting the goal of 100% electric vehicle sales by 2030. This diverse non-partisan group coordinates public education efforts and federal policy development to promote EV adoption with the goal of creating American electric vehicle manufacturing jobs, better serving consumers, improving air quality and public health, and significantly reducing carbon pollution.

FORWARD LOOKING STATEMENTS

This communication contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. When used herein, words such as “address,” “anticipate,” “believe,” “consider,” “continue,” “develop,” “estimate,” “expect,” “further,” “goal,” “intend,” “may,” “plan,” “potential,” “project,” “seek,” “should,” “target,” “will,” and variations of such words and similar expressions as they relate to FF or the proposed transactions are often used to identify such statements as “forward-looking statements.” Such statements reflect the current views of FF and its management with respect to future events, including the proposed transactions, and are subject to certain risks and uncertainties that may cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements.