Arcimoto Vehicles Reclassified as Autocycles in the State Of Maryland

Maryland passes Clean Cars Act of 2022, renewing EV tax credits and allowing three-wheeled autocycles to be operated without a motorcycle license. Arcimoto vehicles are currently available in Arizona, California, Florida, Nevada, Oregon, and Washington. As soon as sales are ready to begin in Maryland, Arcimoto will reach out to preorder customers there to complete their vehicle reservations. Safe Harbor/Forward-Looking Statements:Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Any forward-looking statements speak only as of the date on which they are made, and except as may be required under applicable securities laws, we do not undertake any obligation to update any forward-looking statements.