“Providing healthier air for all while reducing dependency on fossil fuels.”

www.ADOMANIelectric.comOTCQB: ADOM

Company OverviewNovember 2019

This presentation has been prepared by ADOMANI, Inc. (the “Company”) and contains, in addition to historical information, certain forward-looking statements that are based the Company's current assumptions, expectations and projections about future performance and events. In particular, statements regarding future economic performance, finances, and expectations and objectives of management constitute forward-looking statements. Forward-looking statements can be identified by the fact that they do not relate strictly to historical facts and generally contain words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” “estimates,” “anticipates,” and other expressions that are predictions of or indicate future events and trends and that do not relate to historical matters.

Although the forward-looking statements contained in this presentation are based upon information available at the time the statements are made and reflect the best judgment of the Company's management, forward-looking statements inherently involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements to differ materially from anticipated future results. Any forward-looking statements made in this presentation speak only as of the date on which it is made. The Company is under no duty to update any of these forward-looking statements after the date of this presentation to conform these statements to actual results or revised expectations.

For historical information relating to the Company, you should consider the information contained in the Company’s filings with the U.S. Securities and Exchange Commission, (“SEC”), including its Annual Report on Form 10-K for the year ended December 31, 2018, and particularly in the sections entitled “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors,” as well as the Company's subsequent filings with the SEC. Other unknown or unpredictable factors also could have material adverse effects on the Company's future results, performance or achievements.

This presentation also contains estimates and other statistical data made by independent parties and by the Company relating to market size and growth and other data about the Company's industry. This data involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such estimates. In addition, projections, assumptions and estimates of the Company's future performance and the future performance of the markets in which the Company operates are necessarily subject to a high degree of uncertainty and risk.

By attending or receiving this presentation you acknowledge that you will be solely responsible for your own assessment of the market and the Company's market position and that you will conduct your own analysis and be solely responsible for forming your own view of the potential future performance of the Company's business.

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About ADOMANI®

ADOMANI, Inc. is a provider of zero-emission electric vehicle drivetrain systems for integration in new school buses and medium to heavy-duty commercial fleet vehicles, as well as re-power conversion kits for the replacement of drivetrain systems in combustion-powered vehicles. ADOMANI is also a provider of new zero-emission electric vehicles focused on reducing the total cost of vehicle ownership and helps fleet operators unlock the benefits of green technology and address the challenges of traditional fuel price instability and local, state and federal environmental regulatory compliance.

For more information, visit: www.ADOMANIelectric.com

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Advanced Clean Truck Rule Highlights1

• California sets nations first all-electric truck standards; The Advanced Clean

Truck rule.

• Requires half of all medium and heavy-duty trucks in California to be electric

by 2030.

• Requires truck manufacturers to sell zero-emission trucks by increasing the

percentages between 2024 and 2030.

• In 2024 zero-emission truck/chassis sales need to be 7% of class 4 to class 8

truck sales and 3% of all other trucks.

• By 2030, 50% of class 4 to 8 need to be electric trucks sales and 15% other

classes/trucks.

• There are approximately 2 million2 trucks in California

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California EV Truck Standards

1. https://ww2.arb.ca.gov/resources/fact-sheets/advanced-clean-trucks-act-fact-sheet2. https://www.fleetowner.com/trucking-numbers/trucking-numbers-2018-equipment-fleets-use/gallery?slide=1

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Target Industries and Market Segments

Urban Areas, Corporate and

School Campuses

Service & Delivery Fleets

Passenger, Last-Mile

Logistic Fleets

Utility, Flatbed, Shuttle Services

Public & Private Schools

State, City, and Counties

School Buses(Blue Bird)

Existing Fleets

Medium-Duty Trucks

Neighborhood Electric Vehicle (NEV)

Vans

Work Trucks

School Buses

City Bus

Drivetrains

Conversions

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Segment Advantages – Medium Duty Trucks

Approximately 2.9 million Class 3-5 trucks

in US Market (A)

Class 3 truck sales were approximately 301,000units in US Market in

2018 (B)(C)

Approximately 1.5 million Class 6-7 trucks

in US Market (A)

Class 4-7 truck saleswere approximately 237,000 units in US Market in 2018 (B)(C)

(A) http://cv.informa.com/wp-content/uploads/Fleet-Owner-Solutions-Guide-2017.pdf

(B) https://cta.ornl.gov/vtmarketreport/pdf/chapter_4_heavy_trucks.pdf

(C) https://www.statista.com/statistics/261416/class-3-8-truck-sales-in-the-united-states/

(D) https://www.trailer-bodybuilders.com/market-stats/december-bump-caps-2018-truck-sales-boom/gallery?slide=1

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Electric Fleet Value

Social and Environmental Health1

• Conversion of older fleets to zero-emission vehicles (“ZEVs”) or selecting new electric vehicles significantly reduces the major air pollutants that are emitted from traditional internal combustion engines which have lasting effects on our bodies.

• ZEVs also helps providers stay compliant with current and potential future environmental and emissions regulations that directly enhance the health and well-being of drivers, passengers, and ultimately the communities where the vehicles operate.

Harmful Emissions Cardiovascular Disease Respiratory Disease

*children and the elderly are most vulnerable

• Many benefits from local air district, state and federal financial incentives in the form of rebates, tax credits or carbon credits make the purchase of ZEVs cost-effective, if available, and range from $20,000-$100,000 per vehicle. The amounts vary by vehicle and by state.

• “Fueling” with electricity is less costly and the prices are more stable than traditional liquid or gaseous fuels. The Company estimates that fleets may see up to $10,000-$12,000 of reductions in fuel costs per vehicle annually based on miles traveled and $3.78/gallon for cost of diesel.

• Also, by upgrading to an all-electric vehicle you’ll save on maintenance and operating costs. Estimated first year maintenance cost savings are expected to be $2,000-$4,000 per vehicle and $4,000-$6,000 per vehicle annually thereafter.

Economic Benefits

1. https://www.epa.gov/no2-pollution/basic-information-about-no22. https://oehha.ca.gov/air/health-effects-diesel-exhaust

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Current Product Lineup

Neighborhood Electric Vehicle (NEV)

Cargo VanClass 3-5 Trucks E-Trike

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Expected To Be Available in 2020

Class 4-6 Trucks Passenger Van

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Potential New Products

Short Rail Bed Van Cutaway Van Cutaway

Low Top Logistics Van High Top Logistics Van

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Potential New Products

Rideshare Passenger Van Utility Van with Extra Passenger Seating

Animal Services Vehicle HVAC/Utility Van

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Potential New Products

Type A School Bus Emergency Vehicle

Box/Food Service Van

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Competitors (Trucks)

EV COMPANY MODEL(S) APPROX. RANGE (MI) GVWR* HVIP LISTED PURPOSE BUILT

OR CONVERSION

BYD 5F/6F 155(half load)/N/A 16,141/14,000-26,000 YES P

Lightning Systems Chev. 6500XD/Isuzu 66-130 25,950 YES C

Mitsubishi eCanter 62 15,995 NO PMotiv Power Systems EPIC 4 (Ford E450) 75 14,500 YES C

Navistar eMV (Avail. 2021) Unknown Unknown NO P

Phoenix Zeus 500 100 14,500 YES C

SEA NRR EV 220 19,500 YES C

SEA 195 EV 220 14,000-26,000 YES C

SEA 6500 EV 220 14,000-26,000 YES C

Volkswagen E-Delivery 124 N/A NO P*N/A = not available *GVWR is short for Gross Vehicle Weight Rating

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Competitors (Vans)

EV COMPANY MODEL(S) APPROX. RANGE (MI) GVWR* HVIP LISTED PURPOSE BUILT OR

CONVERSIONArrival Generation 2 100 N/A NO PChanje V8100 150 16,535 YES PLightning Systems Ford Transit 60-120 10,360 YES CLightning Systems Ford F-59 80-110 22,000 YES CMAN eTGE 100 12,125 NO PMotiv Ford F-59 90 22,000 YES CMotiv Ford E-450 100 14,500 YES CRivian "AmazonVan" N/A N/A NO PWorkhorse E-100 100 14,000-26,000 YES PWorkhorse NGEN 100 10,000 NO PWrightspeed Route 250 N/A 16,000 NO CZenith Motors Electric Cargo Van 80-135 10,500 YES C*N/A = not available *GVWR is short for Gross Vehicle Weight Rating

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ADOMANI TRUCKS AND VANS

MODEL(S) APPROX. RANGE (MI) GVWR* HVIP LISTED PURPOSE BUILT OR CONVERSION

Cab and Chassis 130+ Miles 11,464 or 14,110 lbs YES PCutaway 130+ Miles 11,464 or 14,110 lbs YES PLogistic Van High Top 130+ Miles 11,464 or 14,110 lbs YES PLogistic Van Low Top 130+ Miles 11,464 or 14,110 lbs YES P

• We have vehicles in inventory.• We have vehicles ordered that we expect will be delivered shortly.• We expect we will deliver vehicles to customers in 2019.

*GVWR is short for Gross Vehicle Weight Rating

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Class GVWR* Non-Disadvantaged Community Disadvantaged Community

Class 3 10,001-14,000 $50,000 $55,000

Class 4 14,001-19,500 $80,000 $90,000

Class 5 19,501-26,000 $90,000 $100,000

Class 6 26,001-33,000 $95,000 $110,000

Maintenance Energy/Fuel/20,000 miles per year

Diesel $5,000 $14,440

Electric $1,000 $1,670

Savings $4,000 $12,770

Diesel vs. Electric Cost Savings

Electric Diesel/Gas

Class 4 Price $130,000 $65,000

HVIP Funding ($80,000) $0

Net $50,000 $65,000

Class 4 Electric Truck Purchase Cost vs. Diesel/Gas

Total Savings $16,770

State of California HVIP Truck Funding and Savings

*GVWR is short for Gross Vehicle Weight Rating

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Savings

Vehicle Cost $15,000

Maintenance $48,000

Energy $153,240

With HVIPSavings

Vehicle Cost ($65,000)

Maintenance $48,000

Energy $153,240

Without HVIP

Total Savings Total Savings

*Class 4 truck life expectancy estimated at 12-years.

$216,240* $136,240*

HVIP Truck Total Cost of Ownership

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Alabama Power

Arizona Public ServiceTucson Electric Power

PG&E*SDG&E*SCE*

Excel Energy

Exelon

Duke Energy*FP&L*TampaGulf Power

Georgia Power*

Avista Utilities

Ameren*Exelon*ComEd

AES*

Consumer EnergyDTE Energy

Ameren

Nevada Energy

PSE&GFirst Energy

Excel EnergyEl Paso Electric

Portland General Electric

ConEd*

Duke Energy*

AEP

Duke Energy*Santee Cooper

VT Energy Investment Corp.

Puget Sound Energy

PUC and ADOMANI® Relationships

*Potential Funding Areas

• Infrastructure• Battery Leasing• Subsidized Purchase Price• S.C (20) buses & N.C. (100 buses),

Public Utilities with Dedicated Electric

22 STATES35 PUCs*

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Third Quarter 2019 Review

• Backlog of $4.1 million at September 30, 2019, which is expected to be delivered in 2019.

• Received initial order for ten all-electric trucks in September. This order is included in the September 30, 2019 backlog number.

• Sales were approximately $5.7 million and $10.6 million for the three and nine months ended September 30, 2019, respectively, compared to $2.6 million and $3.8 million for the three and nine months ended September 30, 2018, respectively.

• Key members of the ADOMANI management team visited China in July and September as a follow-up to the February and June visits to China. These meetings were intended to strengthen the supply chain for all-electric vehicles and to meet with several Chinese manufacturers in order to explore prospective alliances, as well as develop relationships with progressive electric vehicle suppliers. The Company expects that these and future meetings will result in ADOMANI having access to new, desirable vehicles for the marketplace.

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Third Quarter 2019 Review (continued)• The Company continued to showcase its all-electric commercial trucks and vans in California ride-

and-drive events, including the annual California Higher Education Sustainability Conference in July, and met with and demonstrated the vehicles to multiple school districts, cities, utility districts and other municipal agencies throughout California, as well as to the University of California-Davis. The Company also introduced a number of private fleet operators in the delivery and trucking industry to the vehicles.

• Showcased the all-electric trucks, NEVs and vans in the states of Washington, Oregon, Arizona, Nevada, Florida and Minnesota, conducting demonstrations in multiple cities, counties, school districts and utility districts, including, among others, the cities of Seattle, Spokane and Tacoma in WA; Salem, OR; and Phoenix and Tempe, AZ. The vehicles were also presented to Washington State University and to Arizona State University; and were displayed at the July Student Transportation News Magazine (STN) conference in Reno NV; at the Arizona Utility Salt River Project; at the Valley of the Sun Clean Cities Coalition event in AZ; at the Florida Utility EV Roundtable in Orlando, FL; and at the Twin Cities Clean Air Kick the Tires event in Minneapolis, MN.

• In July, the Bay Area AQMD released its Carl Moyer program of $50 million, which will pay 60% of the cost of zero-emission all-electric vehicles for Class 4 through Class 8.

• Gerweiss is in the final stages of completion, and the first 10 e-trikes are scheduled for delivery to customers in Q4. The next 50 e-trikes are expected to be delivered in early 2020.

• Presented at investor-oriented meetings arranged by Renmark Financial Communications, Inc. in Boston, Philadelphia and New York City.

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Revenue & Backlog as of September 30, 2019

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Historic Net Loss - Consolidated

Year ended December 31,

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Historic Balance Sheet - Consolidated

December 31,

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Historic Operating Cash FlowsYear ended December 31,

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Share Structure & Related

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Analyst Summary

(A): Assumes no additional deliveries.

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Leadership Team

Jim Reynolds CEO, President and Board Chairman

40+ yearsexperience

• Former CEO, President of A-Z Bus Sales, INC., growing A-Z’s sales from $46M to 120M

• Former Regional Manager of Tyco Corporation

• BA Pepperdine University

Mike Menerey CFO, Secretary, Treasurer and Board Member

40+ years experience

• Former partner of CFO Edge, providing interim & project-related CFO services to clients

• Former EVP, President, and COO of Mapleton Investments

• Former EVP, CFO and Secretary of Falcon Communications

• BA University of Michigan with distinction; CPA through November 2017

Rick Eckert Chief Operating Officer 30+ years experience

• Former General Manager of Operations for A-Z Bus Sales, Inc.

• Former Co-Chair Blue Bird Dealer Service Council for Blue Bird Dealers Nationwide

• Mount San Antonio College, Walnut, CA

Kevin KanningVice President, Business

Development and Investor Relations

30+ years experience

• Served as Vice President and COO of Greentech Mining, Inc.

• Previous roles with Voelker Sensors, Inc., Klever Technologies, Inc.

• BS Haas School of Business, University of California Berkeley

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Board of Directors

Janet Boydell Board Member 10+ years

• Principal for VCA Code, a staffing agency

• Former CEO, A Hire Connection, Inc., professional services firm providing strategic management consulting and

retained executive search service for C-level functions, 2006 to 2015.

• Previously Assistant Controller in the field of investment banking

• BBA Cal Poly Pomona

Gary W. Nettles Board Member 25+ years

• Currently COO, CFO and Director of Allen Tel Products, Inc., supplier and manufacturer of data and telecommunication components

• CPA and President of Guchereau & Nettles, accounting firm, 1987 to 2003• Former Board Member, Cost-U-Less, Inc.• BS United States International University, San Diego, CA, Magna Cum Laude

Jack Perkowski Board Member 20+ years

• Founder and Managing Partner of JFP Holdings, Ltd., a Beijing-based merchant banking firm formed in 2009 to assist Western companies to penetrate the China market and help Chinese companies expand abroad.

• Former CEO for Green4U Technologies, Inc., a Georgia-based company founded to meet the growing demand for electric vehicles

• Former CEO & Chairman of ASIMCO Technologies - China’s first independent international automotive components manufacturer headquartered in Beijing.

• MBA Harvard Business School; BA Yale University

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Why Invest in ADOMANI (ADOM)?

• One of a few companies in the US that has actually delivered zero-emission, all-electric products to customers, and has inventory on hand and, being produced for future sales orders, versus many who are at the prototype stage.

• Zero-emission all electric vehicles will be a significant percentage of vehicles in use in California and many other states due to federal and state mandates, legislation and significant funding programs that encourage early adoption. The Company’s team is very familiar with the funding agencies and processes.

• Primary target market moving forward is medium duty trucks, cargo vans and related vehicles. There were approximately 538,000 Class 3 to Class7 vehicles sold in the US and Canada in 2018; a small percentage is all that’s needed to succeed. Vehicles being built and offered for sale are purpose-built from the ground up and are NOT conversions.

• Strong team led by Jim Reynolds; very experienced in the transportation industries, with significant sales and marketing expertise generally, and specifically in selling alternative fuel commercial vehicles. The Company’s team also includes third parties Roger Howsmon and Zeem Solutions.

• Attractive entry point at current stock price. Two analysts following ADOM have price targets of $0.75 and $3.00 per share.

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Contact Information

website: www.ADOMANIelectric.comOTCQB: ADOM

Investor Relations Contacts:

ADOMANI, Inc.

Kevin Kanning, VP Investor RelationsTelephone: (650) 533-7629Email: kevin.k@ADOMANIelectric.com

Michael K. Menerey, Chief Financial OfficerTelephone: (951) 407-9860 ext. 205Email: mike.m@ADOMANIelectric.com

Renmark Financial Communications, Inc.Joshua Lavers: jlavers@renmarkfinancial.comTelephone: (416) 644-2020, ext. 3409 or (514) 939-3989

A DomaniUntil Tomorrow!

“Never put off until tomorrow what you can do today.”- Benjamin Franklin

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