false --12-31 2023 FY 0001637736 10-K/A

 0001637736

 2023-01-01
 2023-12-31

 0001637736

 2023-06-30

 0001637736

 2024-03-07

 UNITED STATES

 SECURITIES AND EXCHANGE COMMISSION

 Washington, D.C. 20549

 FORM 10-K
 (Amendment No. 1)

 (Mark One)

 x
 Annual Report pursuant to Section 13
or 15(d) of the Securities Exchange Act of 1934

 For the fiscal year
ended: December 31, 2023

 or

 Transition report pursuant to
Section 13 or 15(d) of the Securities Exchange Act of 1934

 For the transition period from ______ to _______.

 Commission file number: 001-38612

 ELECTRAMECCANICA VEHICLES CORP.

 (Exact name of registrant as specified in its charter)

 British Columbia, Canada

 98-1485035

 (State or other jurisdiction of

 incorporation or organization)

 (IRS Employer

 Identification Number)

 6060 Silver Drive

 Third Floor

 Burnaby, British Columbia, Canada,

 V5H 0H5

 (Address of principal executive offices)

 Registrant's telephone number, including
area code ( 604) 428-7656

 Securities registered pursuant to Section 12(b) of
the Act:

 Title of each class

 Trading Symbol (s)

 Name of each exchange on which registered

 Common Shares, without par value

 SOLO

 The Nasdaq Stock Market LLC

 Securities registered pursuant to Section 12(g) of
the Act:

 Common Shares, without par value

 (Title of class)

 Indicate by check mark if the registrant is a well-known seasoned issuer,
as defined in Rule 405 of the Securities Act.

 Yes No x

 Indicate by check mark if the registrant is not required to file reports
pursuant to Section 13 or Section 15(d) of the Act.

 Yes No x

 Indicate by check mark whether the registrant (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months
(or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements
for the past 90 days.

 Yes x
No

 Indicate by check mark whether the registrant has submitted electronically
every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during
the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes x
No

 Indicate by check mark whether the registrant is a large accelerated
filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions
of "large accelerated filer," "accelerated filer," "smaller reporting company" and "emerging
growth company" in Rule 12b-2 of the Exchange Act.

 Large accelerated filer

 Accelerated filer

 Non-accelerated filer

 x

 Smaller reporting company

 x

 Emerging growth company

 If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act.

 Indicate by check mark whether the registrant has filed a report on
and attestation to its management's assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of
the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report.

 If securities are registered pursuant to Section 12(b) of
the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an
error to previously issued financial statements.

 Indicate by check mark whether any of those error corrections are restatements
that required a recovery analysis of incentive-based compensation received by any of the registrant's executive officers during
the relevant recovery period pursuant to § 240.10D-1(b).

 Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Act.) Yes No x

 The aggregate market value of the voting and non-voting common equity
held by non-affiliates computed by reference to the price at which the common equity was last sold as of the last business day of the
registrant's most recently completed second fiscal quarter ($0.62 on June 30, 2023) was approximately $ 70,056,306.

 The registrant had 119,495,465 common shares outstanding as of March 7,
2024.

 DOCUMENTS INCORPORATED BY REFERENCE

 None.

 Auditor Name

 Auditor Location

 Auditor Firm ID

 KPMG LLP

 Vancouver, B.C., Canada

 EXPLANATORY NOTE

 This Amendment No. 1 on Form 10-K/A (this
"Form 10-K/A") amends the Annual Report on Form 10-K for the fiscal year ended December 31, 2023 of ElectraMeccanica
Vehicles Corp. (the "Company"), filed with the U.S. Securities and Exchange Commission (the "SEC") on March 8,
2024 (the "Original Form 10-K"). The Original Form 10-K omitted Part III, Item 10 ( Directors, Executive
Officers and Corporate Governance), Item 11 ( Executive Compensation), Item 12 ( Security Ownership of Certain Beneficial
Owners and Management and Related Stockholder Matters), Item 13 ( Certain Relationships and Related Transactions, and Director
Independence) and Item 14 ( Principal Accountant Fees and Services) in reliance on General Instruction G(3) to
Form 10-K, which provides that such information may be either incorporated by reference from the registrant's definitive proxy
statement or included in an amendment to Form 10-K, in either case, filed with the SEC no later than 120 days after the end of the
fiscal year covered by the Form 10-K.

 The Company is filing this Form 10-K/A to
include the Part III information in the Original Form 10-K because it does not expect to file a definitive proxy statement containing
such information within 120 days after the end of the fiscal year covered by the Original Form 10-K. Accordingly, this Form 10-K/A:

 amends and restates in their entirety Part III, Items 10, 11, 12, 13 and 14 of the Original Form 10-K to include the
information required by such Items; and

 deletes the reference on the cover of the Original Form 10-K to the incorporation by reference of portions of the Company's
definitive proxy statement into Part III of the Original Form 10-K.

 In addition, in connection with the filing of this
Form 10-K/A and pursuant to the rules of the SEC, the Company is including with this Form 10-K/A new certifications of
its principal executive officer and principal financial officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002. Accordingly,
this Form 10-K/A also amends and restates in its entirety Part IV, Item 15 of the Original Form 10-K.

 Except as described above, no other changes have
been made to the Original Form 10-K. The Original Form 10-K continues to speak as of the date of the Original Form 10-K,
and the Company has not updated the disclosures contained therein to reflect any events which occurred at a date subsequent to the filing
of the Original Form 10-K. Accordingly, this Form 10-K/A should be read in conjunction with the Original Form 10-K and
the Company's filings with the SEC subsequent to the filing of the Original Form 10-K. All capitalized terms used but not defined
herein shall have the meanings ascribed to them in the Original Form 10-K.

 Item 10.
 Directors,
 Executive Officers and Corporate Governance

 Item
 11.
 Executive
 Compensation

 Item 12.
 Security
 Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

 Item 13.
 Certain
 Relationships and Related Transactions, and Director Independence

 Item 14.
 Principal
 Accountant Fees and Services

 Item 15.
 Exhibits
 and Financial Statement Schedules

 Item 10.
 Directors, Executive Officers and Corporate Governance

 Information About Our Board of Directors

 The following provides information
regarding current members of our board of directors (the "Board"), which consists of seven members as of the date hereof.
 Unless a director's office is vacated earlier in accordance with the provisions of the Business Corporations
Act (British Columbia) (the "BCBCA"), e ach director is elected
at our annual general meeting of shareholders and holds
office until the conclusion of the next annual general meeting of shareholders, or if no director is then elected, until a successor is
elected. There are no arrangements or understandings pursuant to which any of our directors was selected as a director.

 Susan Docherty ( Arizona,
USA), 61, has served as our Chief Executive Officer, Interim Chief Operating Officer, and member of our Board since December 2022.
Prior to that, she served as the Chief Executive Officer of Canyon Ranch, a company that promotes healthy living and holistic wellness
retreats, with destination resorts and real estate throughout the United States, from May 2015 to August 2019, where she restructured
its operations, identified and pursued new adjacent growth opportunities – including partnerships with airlines, cruise ships and
special-purpose housing, adding locations outside the United States, overhauling its Internet presence, building a new management team
and relocating its corporate headquarters. Ms. Docherty served as GM Vice President with operating responsibility as President and
Managing Director for Chevrolet and Cadillac Europe (based in Zurich, Switzerland), General Motors Company, an automobile manufacturing
company, from December 2011 through September 2013. Prior to this time, Ms. Docherty served as its Vice President of International
Operations Sales, Marketing and Aftersales from 2010 to 2011 in Shanghai, China; and Vice President U.S. Sales, Service and Marketing
from 2009 to 2010. In her various roles at General Motors Company, Ms. Docherty's diverse responsibilities included overseeing
dealer network restructuring; advertising & marketing spend as well as agency relationships; sales and servicing; customer data
systems; and product as well as manufacturing operations in various countries. Ms. Docherty currently serves on the board of directors
of The Brink's Company (NYSE: BCO), a leading global provider of cash and valuables management, digital retail solutions, or and
ATM managed services, a position she has held since May 2014. Ms. Docherty currently also serves on the board of directors of
J&J Ventures Gaming LLC, a private entertainment and amusement company, a position that she has held since September 2021. Ms. Docherty
served on the board of directors of Mister Car Wash, Inc. (NYSE: MCW) from June 2021 to January 2023. Ms. Docherty
received a Master of Science degree in Management from Stanford University as a Distinguished Sloan Fellow at the Stanford Graduate School
of Business, as well as a Bachelor of Arts Degree in Business Administration from the University of Windsor. Ms. Docherty recently
supplemented her education by attending the Directors' Consortium -Executive Education at Stanford University's Graduate School
of Business in March of 2019.

 We believe that Ms. Docherty's
experience in leadership and management roles in the automotive and electric vehicle industries makes her a valuable addition to our Board.

 Luisa Ingargiola ( Florida,
USA), 56, has served as a member of our Board since March 2018. Ms. Ingargiola has significant and diverse experience with
public companies and capital markets, including through various leadership roles. Since 2007, Ms. Ingargiola has served as the Chief
Financial Officer of Avalon GloboCare Corp. (NASDAQ: ALBT), a leading biotech health care company that is developing cell based therapeutic
and diagnostic technologies for cancer and other diseases. From 2007 through 2016, Ms. Ingargiola served as the Chief Financial Officer
at MagneGas Corporation (NASDAQ: MNGA). Prior to 2007, Ms. Ingargiola held various roles as Budget Director and Investment Analyst
in several private companies. She currently serves as a director and audit committee chair for several public companies, including Dragonfly
Energy Holdings Corp. (NASDAQ: DFLI), Vision Marine Technologies, Inc. (NASDAQ: VMAR), and BioCorRx Inc. (OTCQB: BICX), and previously
served on the boards of directors of AgEagle (NYSE: UAVS), Progress Acquisition Corporation (NASDAQ: PGRWU), Siyata Mobile Inc. (NASDAQ:
SYTA) and MagneGas Corporation (NASDAQ: MNGA). Ms. Ingargiola graduated from Boston University with a bachelor's degree in
Business Administration and a concentration in Finance. She also received a Master of Health Administration from the University of South
Florida.

 We believe that Ms. Ingargiola's
extensive experience with public companies and knowledge in corporate governance, regulatory oversight, financing, and merger and acquisition
transactions makes her a valuable addition to our Board.

 Dietmar Ostermann ( Texas,
USA), 61, has served as a member of our Board since July 2022. Mr. Ostermann brings to the Company more than 32 years of
top management consulting experience in the auto and commercial vehicle industries. Among other clients, he served commercial vehicle
original equipment manufacturers (OEMs), Navistar, Daimler Truck, Ashok Leyland and FAW TRUCKS, auto OEMs, GM, Ford, Stellantis, Rivian,
BMW, Mercedes, VW, Nissan and Hyundai, and auto suppliers, American Axle, Dana, Denso, IAC, Magna, IAC and ZF, on topics such
as business strategy, M&A, product development and operations improvement. Mr. Ostermann most recently served as PwC's
Global and US Auto Advisory Leader based in Detroit, MI for 11 years. Prior to PwC, he led the global auto practice of management consulting
firm PRTM in Boston. Prior to that, he spent 17 years at top management consulting firm A.T. Kearney in the United States and Germany,
which he also led as their Chief Executive Officer for 3 years. Mr. Ostermann currently serves as an independent director for auto
suppliers Shape Corp and North American Stamping Group. Mr. Ostermann holds a bachelor's degree in Industrial Engineering and
Business from the University of Hamburg in Germany and a master's degree in industrial and Systems Engineering and Business from
the University of Southern California.

 We believe that Mr. Ostermann's
extensive experience in the automotive industry makes him a valuable addition to our Board.

 Michael Richardson ( Florida,
USA), 67, has served as a member of our Board since November 2022 and serves as Vice-Chairman of the Board. Mr. Richardson
is an accomplished automotive executive with nearly fifty years of global experience, guiding business strategy and building customer
solutions. Most recently, Mr. Richardson served as Interim Chief Executive Officer of Dura Automotive, an independent designer and
manufacturer of automotive components, where he was tasked with delivering multiple strategic, urgent initiatives during the global pandemic.
Mr. Richardson's career has included his roles at General Motors, Delphi Corporation and Nexteer Automotive, where he served
in multiple positions within the multi-billion-dollar global steering and driveline businesses. Mr. Richardson has focused his career
on the development of electric steering systems, steering columns, driveline systems as well as advanced driver assistance systems and
key technologies enabling reliable vehicle autonomy. He began in 1974 as a co-operative student at the former Saginaw steering gear division
of General Motors and was ultimately appointed as the Executive Board Director and President of Nexteer. There, Mr. Richardson was
responsible for building Nexteer's global product portfolio, expanding customers served and leading industry growth. He retired
from Nexteer Automotive as President and Executive Board Director in 2019. He currently serves as an independent director on the board
of directors for both Dura Automotive and Shape Corporation. Mr. Richardson holds a bachelor's degree in mechanical engineering
from Kettering University and a master's degree in business administration from Central Michigan University. He also holds a Master
Level Professional Board Director Certification from the American College of Corporate Directors.

 We believe that Mr. Richardson's
extensive experience in the automotive industry makes him a valuable addition to our Board.

 Steven Sanders ( New
York, NY), 78, has served as a member of our Board since April 2018 and serves as Chairman of the Board. Mr. Sanders is
the founding partner of Sanders Ortoli Vaughn-Flam Rosenstadt LLP, the predecessor of the New York based law firm of Ortoli Rosenstadt
LLP. Since February 2021 Mr. Sanders has served as "Of Counsel" to Ortoli Rosenstadt LLP. Mr. Sanders has more
than 50 years of experience practicing international corporate law spanning North America, Europe and Asia. Mr. Sanders currently
serves on the boards of directors of Avalon GloboCare Corp. (NASDAQ: ALBT) and HeliJet Inc. Mr. Sanders also serves as trustee of
the American Academy of Dramatic Arts. Mr. Sanders has a BBA from City College of New York, a Juris Doctorate from Cornell Law School
and is a member of the American and New York bar associations.

 We believe that Mr. Sanders'
extensive legal, transactional, and corporate experience makes him a valuable addition to our Board.

 David Shemmans
( West Sussex, UK), 57, has served as a member of our Board since August 2021. Mr. Shemmans brings to the Company a broad
range of experience in the transportation industry with direct involvement developing global businesses around innovation and technologies,
primarily focused on electrification and decarbonization. Mr. Shemmans served as the Chief Executive Officer of Ricardo PLC, a UK
listed engineering consulting business, for 16 years until stepping down in September 2021, where he transitioned the company from
a limited automotive engineering business to a multi-sector, global engineering, and environmental consultancy. Mr. Shemmans previously
co-founded Wavedriver, an electric vehicle powertrain company, which he led through two funding rounds from patented concept to production,
delivering electric and hybrid vehicle demonstrators into Brazil, Australia, Italy and the United Kingdom. Mr. Shemmans currently
serves as Chairman for Sutton and East Surrey Water, a major U.K.-regulated water utility company, serving customers in parts of Surrey,
Kent, and South London. Mr. Shemmans holds a Bachelor of Science in Electrical and Electronic Engineering from the University of
Manchester Institute for Science and Technology and an Executive Certification from Harvard Business School.

 We believe that Mr. Shemmans'
broad range of experience in the transportation industry, combined with his focus on electrification and decarbonization, makes him a
valuable addition to our Board.

 Joanne Yan ( British
Columbia, Canada), 66, has served as a member of our Board since March 2019. Ms. Yan comes to the Company with over 25 years
of experience in cross-border investment and mergers and acquisitions transactions in North America and Southeast Asia. Ms. Yan has
an extensive network in the investor, manufacturing and supply chain communities in these regions. Ms. Yan has advised, directed,
and managed publicly listed companies in North America, Europe, and Southeast Asia on market access, strategic planning, governance, and
compliance matters. Ms. Yan currently serves as the President of Joyco Consulting Services, which she founded in 1994, to provide
consulting services in the areas of corporate structuring, business development and strategic planning initiatives.

 We believe that Ms. Yan's
extensive experience with public traded companies, as well as cross-border investments and mergers and acquisitions, makes her a valuable
addition to our Board.

 Information About Our Executive Officers

 The following provides information
regarding our current executive officers, except for Susan Docherty, our Chief Executive Officer and Interim Chief Operating Officer,
whose biography is provided under "—Information About Our Board of Directors." There are no arrangements or understandings
pursuant to which any of our executive officers was selected as an executive
officer.

 Kim
Brink, 57, has served as the Company's Chief Revenue Officer since January 2022. Ms. Brink brings over two decades
of global agency and C-suite expertise to the Company. Most recently, she was the Global Chief Operating Officer and Executive Committee
Chair at GTB, a global leading marketing agency dedicated to Ford Motor Company and its retail dealers. Previously, Ms. Brink held
senior marketing roles at NASCAR and General Motors. At General Motors, Ms. Brink was the lead Chevrolet marketing executive responsible
for 20 vehicle launches including the Chevy Volt. In addition to her C-Suite experience, Ms. Brink has held public board seats
as an independent board director and member of the nominating and governance committees for Arctic Cat and as an independent board director
of Vista Equity's DealerSocket. Ms. Brink earned her Master of Business Administration and Bachelor of Science from Wayne State
University and is a graduate of the Kellogg Executive Development Program at Northwestern University.

 Michael
Bridge, 60, has served as the Company's General Counsel and Secretary since March 2023. Mr. Bridge brings over
three decades of legal and C-suite expertise to the Company. Most recently, he was Senior Vice President, General Counsel and Secretary
of Accelerate Diagnostics, Inc. (NASDAQ: AXDX), an in vitro diagnostics company providing medical diagnostic devices to microbiology
laboratories globally. Previously, Mr. Bridge held general counsel positions at various technology companies, including 14 years
as general counsel for JDA Software Group, the leading enterprise software company focused on automating the global retail supply chain.
Mr. Bridge began his career as a corporate and securities attorney for Piper & Marbury (now known as DLA Piper). Mr. Bridge
has a bachelor's degree from the University of Southern California and a J.D. from Cornell University.

 Stephen
Johnston, 54, has served as the Company's Chief Financial Officer since October 2023. Mr. Johnston brings to the
Company almost 30 years of diverse, global experience having previously served as a Chief Financial Officer, Corporate Controller, and
Chief Accounting Officer, as well as partner of a "Big Four" accounting firm. Since June 2023, Mr. Johnston has
provided finance and accounting consulting services to the Company. Prior to joining the Company, Mr. Johnston was the Chief Financial
Officer of Ideanomics, Inc. (NASDAQ: IDEX), an international manufacturer of electric powered two- and four-wheel mobility solutions
("Ideanomics"). Prior to Ideanomics, Mr. Johnston was the Chief Financial Officer for Dura Automotive Systems, Inc.,
a global automotive supplier for highly integrated mechatronic systems, and lightweight structural solutions ("Dura"), with
oversight of the financial performance of the company's 22 plants in 11 countries. Prior to Dura, Mr. Johnston served as the
North American Regional Chief Financial Officer for Tower Automotive (NYSE: TOWR), a manufacturer of engineered metal structures and complex
welded assemblies for body and chassis. Mr. Johnston is a certified public accountant (CPA) and a member of the Michigan Association
of CPAs and the American Institute of CPAs.

 Delinquent Section 16(a) Reports

 Section 16(a) of
the Exchange Act requires our executive officers, directors and beneficial owners of more than ten percent of our common shares to file
initial reports of ownership and reports of changes in ownership with the SEC. Based solely upon a review of such forms filed electronically
with the SEC and related written representations from reporting persons, we believe that all Section 16(a) filing requirements
were timely met during Fiscal 2023, with the exception of the following:

 Susan Docherty, two reports (including Form 3) reporting one transaction

 Luisa Ingargiola, one report (Form 3)

 Jerry Kroll, three reports (including Form 3) reporting five transactions

 Dietmar Ostermann, one report (Form 3)

 Bill Quigley, one report (Form 3)

 Michael Richardson, one report (Form 3)

 Steven Sanders, one report (Form 3)

 David Shemmans, one report (Form 3)

 Joanne Yan, one report (Form 3)

 Michael Bridge, one report (Form 3)

 Kim Brink, one report (Form 3)

 Mark Orsmond, one report (Form 3)

 Stephen Johnston, two reports (including Form 3) reporting one transaction

 Code of Business Conduct and Ethics

 The Board has adopted a Code
of Business Conduct and Ethics, which applies to the Company's directors, officers and employees, including the Company's
Chief Executive Officer and Chief Financial Officer. The Code of Business Conduct and Ethics sets out the Board's expectations for
the conduct of such persons in their dealings on behalf of the Company. The Board is responsible for monitoring compliance with the Code
of Business Conduct and Ethics.

 Pursuant to the Code of Business
Conduct and Ethics, a director is required to avoid situations involving a conflict or potential conflict of interest. It is the Board's
practice that a director with a conflict of interest recuse himself or herself from any discussion or decision on any matter in which
the director is precluded from voting as a result of such conflict of interest. The Board also complies with the conflict of interest
provisions of the BCBCA, as well as the relevant securities regulatory instruments, to ensure that directors exercise independent judgment
in considering transactions and agreements in respect of which a director or executive officer has a material interest.

 A copy of the Code of Business
Conduct and Ethics is available on the Company's website at
The Company intends to disclose any amendment or waiver of a provision of the Code of Business Conduct and Ethics requiring disclosure
under applicable rules with respect to any of the Company's executive officers or directors on its website within four business
days of such amendment or waiver.

 Audit Committee

 The audit committee of the
Board (the "Audit Committee") is currently comprised of Luisa Ingargiola (Chair), Steven Sanders, Dave Shemmans and Dietmar
Ostermann. Each member of the Audit Committee is considered to be "independent" under applicable Nasdaq and SEC rules. The
Board has determined that Luisa Ingargiola, the Chair of the Audit Committee, qualifies as an "audit committee financial expert"
for purposes of the SEC's rules.

 Item 11.
 Executive Compensation

 Overview

 Our named executive officers
("NEOs") for the fiscal year ended December 31, 2023 ("Fiscal 2023") consisted of:

 Susan Docherty, our Chief Executive Officer and Interim Chief Operating Officer;

 Michael Bridge, our General Counsel and Corporate Secretary;

 Stephen Johnston, our Chief Financial Officer; and

 Mark Orsmond, our former Chief Financial Officer (1).

 (1) Mr. Orsmond resigned as our Chief Financial Officer,
effective October 9, 2023.

 Our compensation philosophy
for 2023 was a performance-based compensation design to align NEO compensation with shareholder interests. Our NEO compensation program
provides a total compensation package, composed of a mix of cash and equity compensation, that we believe is appropriate to attract and
retain our leadership team. The compensation committee of the Board (the "Compensation Committee") is responsible for ensuring
the NEO base salaries and short-term incentives are market competitive and that executive compensation fits within peer group and market
compensation data ranges.

 Governance Practices

 Compensation
 Committee Involvement in Decision-Making Process

 Comprised
 solely of independent directors.

 Establishes
 compensation requirements.

 Determines,
 reviews, approves, and oversees executive compensation program.

 Independent
 Compensation Consultant Involvement in Decision-Making Process

 Assists
 the Compensation Committee in the design of the executive compensation ranges, variable incentive plans and the determination of
 the overall compensation mix.

 Provides
 analysis and crafts recommendations for the Compensation Committee in setting the executive officers' compensation.

 CEO
 Involvement in Decision-Making Process

 Creates
 and presents recommendations to the Compensation Committee for the compensation of non-CEO executive officers.

 Does
not participate in the Compensation Committees review, discussion or determination of her own salary.

 Elements of Executive Compensation

 Base Salary

 Base salaries are designed
to provide a stable source of income for our NEOs. In general, base salaries are established to be market competitive to attract and retain
qualified executives. Base salaries are reviewed regularly considering several factors including the executive's experience, responsibilities,
and peer group compensation. The base salaries of our NEOs during Fiscal 2023 were as follows:

 Fiscal 2023 Base

 Named Executive Officer

 Salary ($USD)

 Susan Docherty (1)

 Chief Executive Officer and Interim Chief Operating Officer

 $
 676,000

 Michael Bridge

 General Counsel and Corporate Secretary

 $
 325,000

 Stephen Johnston

 Chief Financial Officer

 $
 425,000

 Mark Orsmond (2)

 Former Chief Financial Officer

 $
 401,250

 (1) Ms. Docherty's annual base salary was increased
from $ 650,000 to $676,000 effective January 1, 2023.

 (2) Mr. Orsmond's annual base salary was increased
from $375,000 to $401,250 effective January 1, 2023.

 Short-Term Incentive Program

 Starting in 2022 with the
adoption of a formulaic scorecard, our annual cash bonus opportunities under our short-term incentive program ("STIP") are
designed to incentivize our NEOs to achieve the required performance of key annual objectives. Each of our NEOs has a target bonus expressed
as a percentage of the officer's base salary. Several factors were considered in developing the target bonus opportunities, including
the executive's responsibilities, base salary, our projected corporate performance, growth, and peer group compensation. Since the
performance goals for Fiscal 2023 were not achieved, no payouts were made to the NEOs under the STIP for Fiscal 2023.

 Long-Term Incentive Program

 The ElectraMeccanica
Vehicles Corp. 2020 Stock Incentive Plan (the "Stock Incentive Plan") provides us flexibility to grant equity-based
incentive awards in the form of stock options (each, an "Option"), restricted share units ("RSUs"), performance
share units and deferred share units ("DSUs"). The purpose of the Stock Incentive Plan is to, among other things, provide
us with a share-related mechanism to attract, retain and motivate qualified directors, employees and consultants of the Company and our
subsidiaries, to reward such of those directors, employees and consultants as may be granted awards under the Stock Incentive Plan by
the Board from time to time for their contributions toward the long-term goals and success of the Company, and to enable and encourage
such directors, employees and consultants to acquire shares as long-term investments and proprietary interests in the Company.

 Discretionary Cash Bonus

 From time to time, the Board
or the Compensation Committee may approve cash bonuses for our NEOs based on individual performance, company performance or as otherwise
determined appropriate, which may be in addition to amounts earned under the STIP.

 Summary Compensation Table

 The following Summary Compensation
Table sets forth the compensation earned by or paid to our NEOs for Fiscal 2023 and the fiscal year ended December 31, 2022 ("Fiscal
2022"), as applicable:

 Name and principal position

 Year

 Salary
 ($)

 Bonus
 ($) (1)

 Stock
 awards
 ($) (2)

 Option awards
 ($) (3)

 All other
 compensation
 ($) (4)

 Total
 ($)

 Susan Docherty (5)

 Chief Executive Officer and Interim Chief Operating Officer

 2023

 676,000

 1,014,000

 —

 —

 33,374

 1,723,374

 2022

 49,583

 —

 1,755,534

 2,981,875

 —

 4,786,992

 Michael Bridge (6)

 General Counsel and Corporate Secretary

 2023

 255,035

 406,250

 —

 192,125

 —

 853,410

 2022

 —

 —

 —

 —

 —

 —

 Stephen Johnston (7)

 Chief Financial Officer

 2023

 96,715

 85,000

 118,200

 —

 196,244

 496,159

 2022

 —

 —

 —

 —

 —

 —

 Mark Orsmond (8)(9)

 Former Chief Financial Officer

 2023

 361,145

 —

 —

 —

 506,750

 867,895

 2022

 —

 —

 —

 —

 —

 —

 (1)
 For Fiscal 2023, the amount for Ms. Docherty represents a discretionary cash bonus of $676,000 and a retention cash payment of
$338,000 pursuant to the Docherty Retention Agreement (as defined below); the amount for Mr. Bridge represents a discretionary
cash bonus of $243,750 and a retention cash payment of $162,500 pursuant to the Bridge Retention Agreement (as defined below); and
the amount for Mr. Johnston represents a discretionary cash bonus of $85,000. See "—Executive Employment Arrangements—Retention
Agreements" for additional information relating to the Docherty Retention Agreement and the Bridge Retention Agreement.

 (2)
 For Fiscal 2023, the amount for Mr. Johnston represents the aggregate grant date fair value of a RSU award computed in accordance
with FASB ASC Topic 718. The grant date fair value for the RSU award granted to Mr. Johnston was calculated based on the closing
price of the Company's common shares on the December 7, 2023 grant date of $0.394.

 For Fiscal 2022, the amount for Ms. Docherty represents
the aggregate grant date fair value of a RSU award and performance RSU ("PRSU")
awards computed in accordance with FASB ASC Topic 718. The grant date fair value for the RSU award granted to Ms. Docherty was calculated
based on the closing price of the Company's common shares on the December 5, 2022 grant date of $1.11. The grant date fair
value for the PRSU awards granted to Ms. Docherty was calculated based on the closing price of the Company's common shares
on the December 5, 2022 grant date of $1.11 and the probable outcome of the performance conditions requiring that the Company's
share price attain a 30-day volume weighted average price per common share equal to or exceeding $5.00, $6.00 and $7.00, as applicable.
The PRSU awards do not have threshold or maximum payout amounts.

 (3)
 For Fiscal 2023, the amount for Mr. Bridge represents the aggregate grant date fair value of an option award computed in in accordance
with FASB ASC Topic 718 using the Black-Scholes option pricing model based on the following weighted average assumptions:

 Year ended December 31,

 2023

 Expected life of options

 4.50 years

 Annualized volatility

 %

 Risk-free interest rate

 3.45

 %

 Dividend rate

 %

 For Fiscal 2022, the amount for Ms. Docherty
represents the aggregate grant date fair value of:

 (i)
 an option award computed in accordance with FASB ASC Topic 718 using the Black-Scholes
option pricing model based on the following weighted average assumptions:

 Year ended December 31,

 2022

 Expected life of options

 3.85-5 years

 Annualized volatility

 61%-123.7

 %

 Risk-free interest rate

 1.75%-4.23

 %

 Dividend rate

 %

 (ii)
 performance option awards computed in accordance with FASB ASC Topic 718 calculated based on the probable outcome of the performance
conditions requiring that the Company's share price attain a 30-day volume weighted average price per common share equal to or exceeding
$2.50 and $5.00, as applicable. The performance option awards do not have threshold or maximum payout amounts.

 (4)
 For Fiscal 2023, the amount for Ms. Docherty represents the cost of company-leased housing; the amount for Mr. Johnston
represents consulting fees earned prior to his appointment as the Company's Chief Financial Officer; and the amount for Mr. Orsmond
represents a severance payment in the amount of $438,132 and consulting fees of $68,619 earned following his resignation as the Company's
Chief Financial Officer.

 (5)
 Ms. Docherty was appointed as Chief Executive Officer and Interim Chief Operating Officer of the Company on December 5,
2022.

 (6)
 Mr. Bridge was appointed as General Counsel and Corporate Secretary of the Company on March 20, 2023.

 (7)
 Mr. Johnston was appointed as Chief Financial Officer of the Company on October 9, 2023.

 (8)
 Mr. Orsmond was appointed as Chief Financial Officer of the Company on August 24, 2022 and was not a NEO for Fiscal 2022.
Mr. Orsmond resigned as Chief Financial Officer of the Company, effective October 9, 2023.

 (9)
 Mr. Orsmond was paid in Canadian dollars for Fiscal 2023. The amounts included in this Summary Compensation Table for Mr. Orsmond
for Fiscal 2023 were determined by converting his compensation in Canadian dollars to U.S. dollars using the exchange rate at the time
of payment, which ranged between approximately 1 Canadian dollar to 0.7230 U.S. dollars and 1 Canadian dollar to 0.7601 U.S. dollars.

 2023 Outstanding Equity Awards at Fiscal Year End

 The following table sets out
information about outstanding equity awards held by our NEOs as of December 31, 2023:

 Option Awards

 Stock Awards

 Name

 Number of

 securities

 underlying

 unexercised

 options

 exercisable

 (#)

 Number of

 securities

 underlying

 unexercised

 options

 unexercisable

 (#)

 incentive plan

 awards:

 Number of

 securities

 underlying

 unexercised

 unearned

 options

(#)

 Option

exercise

 price

($)

 Option

 expiration

 date

 Number of

 shares or

 units of

 stock that

 have not

 vested

(#)

 Market

 value of

 shares

or units

 of stock

 that

 have

 not

 vested

 ($) (1)

 incentive

 plan

 awards:

 Number

of

 unearned

 shares,

 units or

 other

 rights that

 have not

 vested

(#)

 incentive

 plan

 awards:

 Market or

 payout

 value of

 unearned

 shares,

 units or

 other

 rights that

 have not

 vested

 ($) (1)

 Susan Docherty

 666,666

 1,333,334

 (2)(11)

 —

 1.11

 12/05/2029

 —

 —

 —

 —

 —

 —

 1,000,000

 (3)(11)

 1.11

 12/05/2029

 —

 —

 —

 —

 —

 —

 750,000

 (4)(11)

 1.11

 12/05/2029

 —

 —

 —

 —

 —

 —

 —

 —

 —

 666,667

 (5)

 226,667

 —

 —

 —

 —

 —

 —

 —

 —

 —

 437,500

 (6)

 148,750

 —

 —

 —

 —

 —

 —

 —

 218,750

 (7)

 74,375

 —

 —

 —

 —

 —

 —

 —

 218,750

 (8)

 74,375

 Michael Bridge

 —

 500,000

 (9)(11)

 —

 0.535

 3/23/2030

 —

 —

 —

 —

 Stephen Johnston

 —

 —

 —

 —

 —

 300,000

 (10)

 102,000

 —

 —

 Mark Orsmond

 460,550

 —

 —

 1.50

 1/31/2024

 —

 —

 —

 —

 (1)
 The calculation of market value is based on the closing price of the Company's common shares on December 29, 2023 (the
last trading day of Fiscal 2023) of $0.34.

 (2)
 Represents an option award to purchase 2,000,000 common shares of the Company granted on December 5, 2022, which were to vest
in three equal annual installments from the grant date.

 (3)
 Represents an option award to purchase 1,000,000 common shares of the Company granted on December 5, 2022, which were to vest
in three equal annual installments from the grant date. Additionally, the option award is not exercisable until such time as the 30-day
volume weighted average price ("30-Day VWAP") of the Company's common shares is $2.50 or greater.

 (4)
 Represents an option award to purchase 750,000 common shares of the Company granted on December 5, 2022, which were to vest in
three equal annual installments from the grant date. Additionally, the option award is not exercisable until such time as the 30-Day VWAP
of the Company's common shares is $5.00 or greater.

 (5)
 Represents a RSU award covering 1,000,000 common shares of the Company granted on December 5, 2022, vesting in three equal annual
installments from the grant date.

 (6)
 Represents a PRSU award covering 437,500 common shares of the Company granted on December 5, 2022, vesting on the first date
on which the 30-Day VWAP of the Company's common shares is $5.00 or greater.

 (7)
 Represents a PRSU award covering 218,750 common shares of the Company granted on December 5, 2022, vesting on the first date
on which the 30-Day VWAP of the Company's common shares is $6.00 or greater.

 (8)
 Represents a PRSU award covering 218,750 common shares of the Company granted on December 5, 2022, vesting on the first date
on which the 30-Day VWAP of the Company's common shares is $7.00 or greater.

 (9)
 Represents an option award to purchase 500,000 common shares of the Company granted on March 23, 2023, which were to vest in
three equal annual installments from the grant date.

 (10)
 Represents a RSU award covering 300,000 common shares of the Company granted on December 7, 2023, vesting in three equal annual
installments from the grant date.

 (11)
 In January 2024, the options held by Ms. Docherty and Mr. Bridge were accelerated upon the Company's execution
of the Xos Arrangement Agreement.

 Pension Plan Benefits

 We have no pension plans that
provide for payments or benefits at, following or in connection with retirement.

 Executive Employment Arrangements

 Current Executive Employment Agreements

 Susan Docherty

 On December 2, 2022,
the Company entered into an executive employment agreement with Ms. Docherty, which was amended on January 4, 2024 (as amended,
the "Docherty Employment Agreement"). The initial term of the Docherty Employment Agreement commenced on December 5,
2022 and will continue until the three-year anniversary of such date. The initial term will automatically extend on the same terms and
conditions set forth below for additional one-year periods, unless either party gives the other party written notice of non-renewal at
least 30 calendar days prior to the end of the initial term or any renewal term.

 The Docherty Employment Agreement
provides for the following:

 a base salary of $650,000 per year during the term of the Docherty Employment Agreement to be paid according
to the Company's normal payroll cycle. The base salary will be reviewed annually and may be adjusted by the Compensation Committee
in its sole discretion;

 an award of three separate non-qualified stock options under the Stock Incentive Plan to purchase 3,750,000
common shares of the Company in the aggregate (collectively, the "Docherty Sign-On Options"), with each such Docherty Sign-On
Option having an exercise price equating to the closing price for the Company's shares as reported on Nasdaq on the day prior to
the grant date (the "Exercise Price"), and with each such Docherty Sign-On Option having a maximum exercise term of seven
years from the grant date (the "Exercise Term") and, subject to the following, vesting in three equal annual installments
from the grant date (the "Vesting"). The first Docherty Sign-On Option covers 2,000,000 common shares of the Company and is
exercisable at the Exercise Price during the Exercise Term and is subject only to the Vesting. The second Docherty Sign-On Option covers
1,000,000 common shares of the Company and is exercisable at the Exercise Price during the Exercise Term and, subject to the Vesting,
is not exercisable until such time as the 30-Day VWAP of the Company's common shares is $2.50 or greater. The third Docherty Sign-On
Option covers 750,000 common shares of the Company and is exercisable at the Exercise Price during the Exercise Term and, subject to the
Vesting, is not exercisable until such time as the 30-Day VWAP of the Company's common shares is $5.00 or greater;

 an award of RSUs under the Stock Incentive Plan covering 1,000,000 common shares of the Company (the "Docherty
Sign-On RSUs"), which vest in three equal annual installments from the date of grant;

 an award of PRSUs under the Stock Incentive Plan covering 875,000 common shares of the Company (the "Docherty
Sign-On PRSUs"), which vest as follows: (i) 437,500 vest on the first date on which the 30-Day VWAP of the Company's
common shares equals or exceeds $5.00; (ii) 218,750 will vest on the first day on which the 30-Day VWAP of the common shares of the
Company equals or exceeds $6.00; and (iii) the final 218,750 will vest on the first day on which the 30-Day VWAP of the Company's
common shares equals or exceeds $7.00. Upon the termination of the Docherty Employment Agreement for any reason, other than for Cause
(as defined in the Docherty Employment Agreement), all then unvested Docherty Sign-On PRSUs shall be entitled to continue to vest for
a further period of one year from the date of termination; and

 for expenses incurred up to June 30, 2024, reimbursement
for reasonable and customary temporary housing costs in the Mesa/Phoenix metropolitan area not to exceed $3,500 per month.

2023, Ms. Docherty is eligible to participate in the STIP with a target bonus opportunity equal to 100% of her base salary, which
STIP payment in no event will exceed 200% of her base salary. The amount of the STIP payment, if any, will be based on the attainment
of written quantitative and qualitative performance goals, including financial performance goals, established by the Compensation Committee
in its sole discretion and in advance.

2024, Ms. Docherty is eligible to receive grants of stock options, performance shares and other awards under the Stock Incentive
Plan. The amount, mix, vesting schedule and other terms and conditions of the annual equity awards will be established by the Compensation
Committee in its sole discretion.

 Pursuant to the Docherty Employment
Agreement, Ms. Docherty is eligible to participate in the Company's standard company benefit and vacation plans, as such plans
may be amended, modified, or terminated by the Company from time to time, with or without notice, in accordance with the applicable benefit
and vacation plan documents.

 The Docherty Employment Agreement
may be terminated by the Board at any time during the term for any reason upon at least 30 calendar days' prior written notice;
provided that, the Board may terminate Ms. Docherty's employment immediately for Cause. Upon termination by the Company for
any reason, the Company will pay Ms. Docherty her accrued but unpaid base salary through her date of termination and any accrued
but unpaid reasonable business expenses through her date of termination (the "Docherty Accrued Obligations"). If Ms. Docherty
resigns from her employment with the Company by giving the Board at least 90 calendar days' prior written notice of her resignation
without Good Reason (as defined in the Docherty Employment Agreement), she will only be entitled to the Docherty Accrued Obligations.
The Docherty Employment Agreement will terminate immediately upon Ms. Docherty's death or disability, in which event she (or
her spouse or estate) will be entitled to the Docherty Accrued Obligations and will be eligible to exercise any vested options for a period
of one year from such termination date.

 In the event Ms. Docherty's
full-time employment is terminated by the Board without Cause or by Ms. Docherty for Good Reason prior to a Change of Control (as
defined in the Docherty Employment Agreement) during the term, then, in addition to the Docherty Accrued Obligations, and subject to Ms. Docherty's
timely execution (and non-revocation) of the release required by the Docherty Employment Agreement, Ms. Docherty will be entitled
to receive a cash severance payment equal to the sum of: (i) 24 months of her then base salary plus one month of her then base salary
for every completed year of service (to a maximum of 30 months); (ii) 18 times the monthly amount that is charged to the Consolidated
Omnibus Budget Reconciliation Act of 1985, as amended ("COBRA") qualified beneficiaries for the same medical coverage options
elected by her immediately prior to her last day of employment; and (iii) the greater of (a) her average STIP paid in the two
prior years and (b) 80% of the target annual STIP for the current fiscal year (collectively, the "Docherty Base Severance Amount").
The Docherty Base Severance Amount will be paid to Ms. Docherty in installments over a 12-month period, in accordance with the Company's
normal payroll cycle, with the first installment paid during the first payroll period following the expiration of the release revocation
period described below. In addition to the Docherty Base Severance Amount, Ms. Docherty will be entitled to receive a pro-rata STIP
for the year in which her termination occurred, with such pro-rata STIP paid at the same time described above. In addition, Ms. Docherty
will be eligible to exercise any vested Docherty Sign-On Options or other stock options granted to her by the Company which may have vested
as at the date of termination by the Board without Cause or by Ms. Docherty for Good Reason prior to a Change of Control of for a
period of one year from such termination date.

 Upon the closing of a transaction
during the term that results in a Change of Control, and notwithstanding anything in the Stock Incentive Plan to the contrary, the Docherty
Sign-On Options and any other stock options awarded to her shall fully vest and become exercisable for a period of one year from the date
of her termination, and her then Docherty Sign-On RSUs and any other RSUs awarded to her shall immediately vest.

 In the event Ms. Docherty's
full-time employment is terminated by the Board without Cause or by Ms. Docherty with Good Reason during the 12 month period following
a Change of Control during the term, then, in addition to the Docherty Accrued Obligations, and subject to Ms. Docherty's timely
execution (and non-revocation) of the release required by the Docherty Employment Agreement, Ms. Docherty will be entitled to receive
a cash severance payment equal to the sum of: (i) 18 months of her then base salary; and (ii) 18 times the monthly amount that
is charged to COBRA qualified beneficiaries for the same medical coverage options elected by Ms. Docherty immediately prior to her
last day of employment (collectively, the "Docherty Enhanced Severance Amount"). The Docherty Enhanced Severance Amount will
be paid to Ms. Docherty in installments over an 18-month period, in accordance with the Company's normal payroll cycle, with
the first installment paid during the first payroll period following the expiration of 60 days from Ms. Docherty's last day
of employment. Notwithstanding the foregoing, if the Company closes a transaction that results in a Change of Control, then the portion
of the Docherty Enhanced Severance Amount that is deemed to be exempt from Section 409A of the Internal
Revenue Code (the "Code") will be accelerated and paid to Ms. Docherty in
a single lump sum cash payment upon the closing of such Change of Control.

 The Docherty Employment Agreement
contains typical restrictive covenants with respect to non-disparagement, non-solicitation of customers and employees and non-competition
for a period of 12 months after cessation of employment.

 Michael Bridge

 On February 9, 2023,
the Company entered into an executive employment agreement with Mr. Bridge, which was amended on January 4, 2024 (as amended,
the "Bridge Employment Agreement"). The initial term of the Bridge Employment Agreement commenced on March 20, 2023 and
will continue until the three-year anniversary of such date. The initial term will automatically extend on the same terms and conditions
set forth below for additional one-year periods, unless either party gives the other party written notice of non-renewal at least 30 calendar
days prior to the end of the initial term or any renewal term.

 The Bridge Employment Agreement
provides for the following:

 a base salary of $325,000 per year during the term of the Bridge Employment Agreement to be paid according
to the Company's normal payroll cycle. The base salary will be reviewed annually and may be adjusted by the Compensation Committee
in its sole discretion; and

 an award of non-qualified stock options under the Stock Incentive Plan to purchase 500,000 common shares
of the Company (the "Bridge Sign-On Options"), with such Bridge Sign-On Option having an exercise price equating to the closing
price for the Company's shares as reported on Nasdaq on the day prior to the grant date, and with such Bridge Sign-On Option having
a maximum exercise term of seven years from the grant date and vesting in three equal annual installments from the grant date.

2023, Mr. Bridge is eligible to participate in the STIP with a target bonus opportunity equal to 50% of his base salary, which STIP
payment in no event will exceed 100% of his base salary. The amount of the STIP payment, if any, will be based on the attainment of written
quantitative and qualitative performance goals, including financial performance goals, established by the Compensation Committee in its
sole discretion and in advance.

2024, Mr. Bridge is eligible to receive grants of stock options, performance shares and other awards under the Stock Incentive Plan.
The amount, mix, vesting schedule and other terms and conditions of the annual equity awards will be established by the Compensation Committee
in its sole discretion.

 Pursuant to the Bridge Employment
Agreement, Mr. Bridge is eligible to participate in the Company's standard company benefit and vacation plans, as such plans
may be amended, modified, or terminated by the Company from time to time, with or without notice, in accordance with the applicable benefit
and vacation plan documents.

 The Bridge Employment Agreement
may be terminated by the Board at any time during the term for any reason upon at least 30 calendar days' prior written notice;
provided that, the Board may terminate Mr. Bridge's employment immediately for Cause (as defined in the Bridge Employment Agreement).
Upon termination by the Company for any reason, the Company will pay Mr. Bridge his accrued but unpaid base salary through his date
of termination and any accrued but unpaid reasonable business expenses through her date of termination (the "Bridge Accrued Obligations").
If Mr. Bridge resigns from his employment with the Company by giving the Board at least 90 calendar days' prior written notice
of his resignation without Good Reason (as defined in the Bridge Employment Agreement), he will only be entitled to the Bridge Accrued
Obligations. The Bridge Employment Agreement will terminate immediately upon Mr. Bridge's death or disability, in which event
he (or his spouse or estate) will be entitled to the Bridge Accrued Obligations and will be eligible to exercise any vested options for
a period of one year from such termination date.

 In the event Mr. Bridge's
full-time employment is terminated by the Board without Cause or by Mr. Bridge for Good Reason prior to a Change of Control (as defined
in the Bridge Employment Agreement) during the term, then, in addition to the Bridge Accrued Obligations, and subject to Mr. Bridge's
timely execution (and non-revocation) of the release required by the Bridge Employment Agreement, Mr. Bridge will be entitled to
receive a cash severance payment equal to the sum of: (i) 12 months of his then base salary plus one month of his then base salary
for every completed year of service (to a maximum of 16 months); (ii) 6 times the monthly amount that is charged to COBRA qualified
beneficiaries for the same medical coverage options elected by his immediately prior to his last day of employment; and (iii) 80%
of the target annual STIP for the current fiscal year (collectively, the "Bridge Base Severance Amount"). The Bridge Base
Severance Amount will be paid to Mr. Bridge in installments over a 12-month period, in accordance with the Company's normal
payroll cycle, with the first installment paid during the first payroll period following the expiration of the release revocation period
described below. In addition to the Bridge Base Severance Amount, Mr. Bridge will be entitled to receive a pro-rata STIP for the
year in which his termination occurred, with such pro-rata STIP paid at the same time described above. In addition, Mr. Bridge will
be eligible to exercise any vested Bridge Sign-On Options or other stock options granted to him by the Company which may have vested as
at the date of termination by the Board without Cause or by Mr. Bridge for Good Reason prior to a Change of Control of for a period
of one year from such termination date.

 Upon the closing of a transaction
during the term that results in a Change of Control, and notwithstanding anything in the Stock Incentive Plan to the contrary, the Bridge
Sign-On Options and any other stock options awarded to him shall fully vest and become exercisable for a period of one year from the date
of his termination.

 In the event Mr. Bridge's
full-time employment is terminated by the Board without Cause or by Mr. Bridge with Good Reason during the 12 month period following
a Change of Control during the term, then, in addition to the Bridge Accrued Obligations, and subject to Mr. Bridge's timely
execution (and non-revocation) of the release required by the Bridge Employment Agreement, Mr. Bridge will be entitled to receive
a cash severance payment equal to the sum of: (i) 12 months of his then base salary; and (ii) 6 times the monthly amount that
is charged to COBRA qualified beneficiaries for the same medical coverage options elected by Mr. Bridge immediately prior to his
last day of employment (collectively, the "Enhanced Severance Amount"). The Enhanced Severance Amount will be paid to Mr. Bridge
in installments over an 12-month period, in accordance with the Company's normal payroll cycle, with the first installment paid
during the first payroll period following the expiration of 60 days from Mr. Bridge's last
day of employment. Notwithstanding the foregoing, if the Company closes a transaction that results in a Change of Control, then the portion
of the Bridge Enhanced Severance Amount that is deemed to be exempt from Section 409A of the Code will be accelerated and paid to
Mr. Bridge in a single lump sum cash payment upon the closing of such Change of Control.

 The Bridge Employment Agreement
contains typical restrictive covenants with respect to non-disparagement, non-solicitation of customers and employees and non-competition
for a period of 12 months after cessation of employment.

 Stephen Johnston

 On October 9, 2023, the
Company entered into an executive employment agreement with Mr. Johnston (the "Johnston Employment Agreement"). The initial
term of the Johnston Employment Agreement commenced on October 9, 2023 and will continue until the three-year anniversary of such
date. The initial term will automatically extend on the same terms and conditions set forth below for additional one-year periods, unless
either party gives the other party written notice of non-renewal at least 30 calendar days prior to the end of the initial term or any
renewal term.

 The Johnston Employment Agreement
provides for the following:

 a base salary of $425,000 per year during the term of the Johnston Employment Agreement to be paid according
to the Company's normal payroll cycle. The base salary will be reviewed annually and may be adjusted by the Compensation Committee
in its sole discretion; and

 an award of RSUs under the Stock Incentive Plan covering 300,000 common shares of the Company (the "Johnston
Sign-On RSUs"), which vest in three equal annual installments from the date of grant.

 Mr. Stephen was eligible
for a 2023 pro rata cash bonus based on his achievement of pre-defined personal objectives with
a target incentive bonus of $63,750.

2024, Mr. Johnston is eligible to participate in the STIP with a target bonus opportunity equal to 60% of his base salary. The amount
of the STIP payment, if any, will be determined by the Compensation Committee in its sole discretion and in advance.

2024, Mr. Johnston is eligible to receive grants of restricted shares, performance shares and other awards under the Stock Incentive
Plan. The amount, mix, vesting schedule and other terms and conditions of the annual equity awards will be established by the Compensation
Committee in its sole discretion.

 Pursuant to the Johnston Employment
Agreement, Mr. Johnston is eligible to participate in the Company's standard company benefit and vacation plans, as such plans
may be amended, modified, or terminated by the Company from time to time, with or without notice, in accordance with the applicable benefit
and vacation plan documents.

 The Johnston Employment Agreement
may be terminated by the Board at any time during the term for any reason upon at least 30 calendar days' prior written notice;
provided that, the Board may terminate Mr. Johnston's employment immediately for Cause (as defined in the Johnston Employment
Agreement). Upon termination by the Company for any reason, the Company will pay Mr. Johnston his accrued but unpaid base salary
through his date of termination and any accrued but unpaid reasonable business expenses through her date of termination (the "Johnston
Accrued Obligations"). If Mr. Johnston resigns from his employment with the Company by giving the Board at least 90 calendar
days' prior written notice of his resignation without Good Reason (as defined in the Johnston Employment Agreement), he will only
be entitled to the Johnston Accrued Obligations. The Johnston Employment Agreement will terminate immediately upon Mr. Johnston's
death or disability, in which event he (or his spouse or estate) will be entitled to the Johnston Accrued Obligations.

 In the event Mr. Johnston's
full-time employment is terminated by the Board without Cause or by Mr. Johnston for Good Reason during the term, then, in addition
to the Johnston Accrued Obligations, and subject to Mr. Johnston's timely execution (and non-revocation) of the release required
by the Johnston Employment Agreement, Mr. Johnston will be entitled to receive a cash severance payment equal to the sum of: (i) 12
months of his then base salary plus one month of his then base salary for every completed year of service (to a maximum of 16 months);
(ii) 6 times the monthly amount that is charged to COBRA qualified beneficiaries for the same medical coverage options elected by
his immediately prior to his last day of employment; and (iii) the greater of (a) his average STIP paid in the two prior years
and (b) 80% of the target annual STIP for the current fiscal year (collectively, the "Johnston Severance Amount"). The
Johnston Severance Amount will be paid to Mr. Johnston in installments over a 12-month period, in accordance with the Company's
normal payroll cycle, with the first installment paid during the first payroll period following the expiration of the release revocation
period described below. In addition to the Severance Amount, Mr. Johnston will be entitled to receive a pro-rata STIP for the year
in which his termination occurred, with such pro-rata STIP paid at the same time described above.

 Upon the closing of a transaction
during the term that results in a Change of Control (as defined in the Johnston Employment Agreement), and notwithstanding anything in
the Stock Incentive Plan to the contrary, the Johnston Sign-On RSUs and any other RSUs awarded to him shall immediately vest. Pursuant
to the Johnston Employment Agreement, a transaction that would otherwise be deemed a Change of Control that is consummated within nine
months of Mr. Johnston's start date shall not constitute a Change of Control under the Johnston Employment Agreement.

 The Johnston Employment Agreement
contains typical restrictive covenants with respect to non-disparagement, non-solicitation of customers and employees and non-competition
for a period of 12 months after cessation of employment.

 Prior
to Mr. Johnston's employment as the Company's Chief Financial Officer, Mr. Johnston
provided consulting services to the Company in Fiscal 2023 pursuant to a consulting services agreement.
Under the consulting services agreement, the Company paid Mr. Johnston an aggregate of $196,244 in consulting fees for Fiscal
2023.

 Retention Agreements

 On September 28, 2023,
the Company entered into a retention agreement with Ms. Docherty, which was amended on January 4, 2024 (as amended, the "Docherty
Retention Agreement"), pursuant to which Ms. Docherty is eligible to earn a cash retention payment of up to $1,014,000 in the
aggregate (the "Docherty Retention Payment") if she remains actively employed by the Company until June 30, 2024. The
Docherty Retention Payment is payable in three equal installments, with the first payment having vested on October 1, 2023, the second
payment having vested on February 14, 2024, and the final payment vesting on June 30, 2024, subject to Ms. Docherty's
active employment through the respective vesting date.

 On September 28, 2023,
the Company entered into a retention agreement with Mr. Bridge, which was amended on January 4, 2024 (as amended, the "Bridge
Retention Agreement"), pursuant to which Mr. Bridge is eligible to earn a cash retention payment of up to $487,500 in the aggregate
(the "Bridge Retention Payment") if he remains actively employed by the Company until June 30, 2024. The Bridge Retention
Payment is payable in three equal installments, with the first payment having vested on October 1, 2023, the second payment having
vested on February 14, 2024, and the final payment vesting on June 30, 2024, subject to Br. Bridge's active employment
through the respective vesting date.

 On January 4, 2024, the
Company entered into a retention agreement with Mr. Johnston, pursuant to which Mr. Johnston is eligible to earn a cash retention
payment of up to $425,000 in the aggregate (the "Johnston Retention Payment") if he remains actively employed by the Company
until June 30, 2024. The Johnston Retention Payment is payable in two equal installments, with the first payment having vested on
February 14, 2024 and the final payment vesting on June 30, 2024, subject to Mr. Johnston's active employment through
the respective vesting date.

 Additionally, if Ms. Docherty,
Mr. Bridge or Mr. Johnston is involuntarily terminated prior to June 30, 2024 by the Company for any reason other than
Cause (as defined in each of their respective retention agreements), then any such termination will result in an immediate vesting of
the remaining portion of the Docherty Retention Payment, the Bridge Retention Payment or the Johnston Retention Payment, as applicable,
which has not yet vested. Further, if the Company closes a transaction that results in a Change in Control (as defined in the Stock Incentive
Plan) prior to June 30, 2024, then such transaction will result in an immediate vesting of the remaining portion of the Docherty
Retention Payment, the Bridge Retention Payment or the Johnston Retention Payment, as applicable, which has not yet vested, and such amount
will be paid in a single lump sum cash payment upon the closing of such Change in Control.

 Former Executive Employment Agreements

 Mark Osmond

 Mr. Orsmond resigned
as the Company's Chief Financial Officer, effective October 9, 2023. Pursuant to Mr. Orsmond's employment agreement
with the Company, Mr. Orsmond was entitled to certain payments and benefits, including (i) all accrued and unpaid statutory
holiday and vacation pay (if any), salary, and expense reimbursement, up to and including the date of termination; (ii) an amount
equal to 13 months' salary; (iii) benefits for 12 months from the date of termination; and (iv) the opportunity to exercise
any unexercised and fully vested portion of any options on the date of termination any time during the 12 months thereafter. In accordance
with the Orsmond Employment Agreement, Mr. Orsmond was required to enter into an agreement (the "Orsmond Release Agreement")
providing for a general release of claims in favor of the Company as a condition precedent to receiving any payments or benefits under
the Orsmond Employment Agreement. On October 17, 2023, the Company and Mr. Orsmond entered into the Orsmond Release Agreement.

 Additionally,
on October 11, 2023, the Company and Orsim Finance Ltd ("Orsim") entered into a consulting services agreement, effective
October 13, 2023, pursuant to which Mr. Orsmond, the principal of Orsim, would provide certain consulting and transitional services
to the Company through December 31, 2023. In consideration of the services provided by Mr. Orsmond, the Company paid Orsim
a consulting fee of CAD$45,810 per month.

 Director Compensation

 Compensation for our non-employee
directors consists of a retainer (which differs between the Board Chair and other members) and a DSU grant. There are additional cash
payments for the chair of a committee and committee member. We also reimburse out-of-pocket costs that are incurred by the directors.

 After careful consideration
and discussion, the Compensation Committee made the decision to allow each director to allocate their own compensation mix using the total
compensation value resulting in varying retainer payment amounts as outlined in this Director Compensation section. The following table
reflects the target compensation mix, as determined by the directors individually for Fiscal 2023.

 Board Member

 Cash
 Retainer
 (% of mix)

 (% of mix)

 Cash
 Retainer
 ($)

 (DSU Value)
 ($)

 Expected Total
 Compensation
 ($)

 Steven Sanders (Chairman)

 147,500

 42,500

 190,000

 Mike Richardson (Vice Chair)

 132,500

 40,000

 172,500

 Luisa Ingargiola

 117,500

 147,500

 Dietmar Ostermann

 107,500

 137,500

 Dave Shemmans

 120,000

 150,000

 Joanna Yan

 97,500

 127,500

 Jerry Kroll*

 90,000

 120,000

 Bill Quigley*

 105,000

 135,000

 * Messrs. Kroll and Quigley did not stand
for re-election at our 2023 Annual General Meeting of Shareholders.

 The following table sets forth
information relating to the compensation earned by our non-employee directors for Fiscal 2023:

 Name

 Fees earned or paid in cash
 ($)

 Stock awards
 ($) (1)

 Option awards
 ($) (2)

 Total
 ($)

 Steven Sanders

 197,500

 68,553

 —

 266,053

 Michael Richardson

 182,500

 60,087

 —

 242,587

 Luisa Ingargiola

 117,500

 50,263

 —

 167,763

 Dietmar Ostermann

 184,897

 —

 214,897

 David Shemmans

 120,000

 49,105

 —

 169,105

 Joanne Yan

 103,500

 54,648

 —

 158,148

 Jerry Kroll

 90,000

 52,753

 —

 142,753

 Bill Quigley

 105,000

 —

 135,000

 (1)
 The amounts represent the aggregate grant date fair value of DSU awards granted in Fiscal 2023 computed in accordance with FASB ASC
Topic 718. Due to an administrative oversight, the annual equity grant consisting of DSUs for Messrs. Sanders, Kroll, Shemmans and
Richardson and Mses. Ingargiola and Yan in connection with their services on the Board for Fiscal 2022 was granted in July 2023.
Accordingly, the grant date fair value of such DSU awards are included in the amounts presented in this column.

 (2)
 As of December 31, 2023, our non-employee directors who served on the Board during Fiscal 2023 had options (both vested and unvested)
to purchase the following number of common shares of the Company: Mr. Sanders – 345,000; Mr. Richardson – Nil; Ms. Ingargiola
– 225,000; Mr. Ostermann – Nil; Mr. Shemmans – Nil; Ms. Yan – 350,000; Mr. Kroll – 1,260,000;
and Mr. Quigley – Nil.

 Item 12.
 Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters

 Securities Authorized for Issuance Under Equity Compensation Plans

 The following table provides
certain information regarding our equity compensation plans under which equity securities of the Company are authorized for issuance as
of December 31, 2023:

 Plan category

 Number of securities to

be issued upon exercise

of outstanding options,

warrants and rights
 (a)

 Weighted-average

exercise price of

outstanding options,

warrants and rights (1)
 (b)

 Number of securities

remaining available for

future issuance under

equity compensation

plans (excluding

securities reflected in

column (a))
 (c)

 Equity compensation plans approved by security holders

 15,367,605
 (2)

 $
 1.99

 7,553,885

 Equity compensation plans not approved by security holders

 —

 —

 —

 Total

 15,367,605

 7,553,885

 (1)
 Common shares issuable upon vesting of RSUs and DSUs have been excluded from the calculation of the weighted average exercise price
because they have no exercise price.

 (2)
 Represents (i) 1,2445,156 common shares subject to outstanding stock options; (ii) 2,175,000 common shares subject to outstanding
RSUs; and (iii) 747,449 common shares subject to outstanding DSUs.

 Security Ownership of Certain Beneficial Owners and Management

 The following
table shows information regarding the beneficial ownership of our common shares as of March 7, 2024 by:

 each person or group who is known by us to own beneficially more than 5% of our common shares;

 each of our directors;

 each of our NEOs; and

 all members of our Board and our current executive officers as a group.

 Beneficial ownership of our
common shares is determined under the rules of the SEC and generally includes any common shares over which a person exercises sole
or shared voting or investment power. Common shares of which a person has the right to acquire beneficial ownership at any time within
60 days of March 7, 2024 are deemed outstanding and beneficially owned by the person for the purpose of computing the number of common
shares and percentage beneficially owned by such person, but are not deemed outstanding for purposes of computing
the percentage beneficially owned by any other person. To our knowledge, except as indicated in the footnotes to this table and pursuant
to applicable community property laws, the persons named in the table have sole voting and investment power with respect to all common
shares shown as beneficially owned by them.

 The percentage of our common
shares beneficially owned in the table is based on 119,495,465 common shares outstanding as of March 7, 2024.

 Unless otherwise indicated,
the address for each holder listed below is c/o ElectraMeccanica Vehicles Corp., 6060 Silver Drive, Third Floor, Burnaby, British Columbia,
Canada, V5H 0H5.

 Name

 Common Shares Beneficially Owned

 Percentage of
 Common Shares Beneficially
 Owned

 5% Shareholders

 None

 Directors and Named Executive Officers

 Susan Docherty (1)

 3,953,333

 3.2
 %

 Luisa Ingargiola (2)

 389,524

 *

 Dietmar Ostermann (3)

 76,923

 *

 Michael Richardson (4)

 138,026

 *

 Steven Sanders (5)

 513,958

 *

 David Shemmans (6)

 111,413

 *

 Joanne Yan (7)

 554,829

 *

 Michael Bridge (8)

 500,000

 *

 Stephen Johnston

 —

 *

 Mark Orsmond (9)

 460,550

 *

 All directors and current executive officers as a group (10 persons)

 6,788,006

 5.4
 %

 *
 Represents beneficial ownership of less than 1%.

 (1)
 Shares beneficially owned consist of (i) 203,333 common shares directly held by Ms. Docherty and (ii) 3,750,000 common
shares that are issuable to Ms. Docherty upon exercise of vested options.

 (2)
 Shares beneficially owned consist of (i) 42,224 common shares directly held by Ms. Ingargiola; (ii) 225,000 common
shares that are issuable to Ms. Ingargiola upon exercise of vested options and (ii) 122,300 common shares that are issuable
to Ms. Ingargiola upon settlement of vested DSUs.

 (3)
 Shares beneficially owned consist of 76,923 common shares that are issuable to Mr. Ostermann upon settlement of vested DSUs.

 (4)
 Shares beneficially owned consist of 138,026 common shares that are issuable to Mr. Richardson upon settlement of vested DSUs.

 (5)
 Shares beneficially owned consist of (1) 345,000 common shares that are issuable to Mr. Sanders upon exercise of vested
options and (ii)168,958 common shares that are issuable to Mr. Sanders upon settlement of vested DSUs.

 (6)
 Shares beneficially owned consist of 111,413 common shares that are issuable to Mr. Shemmans upon settlement of vested DSUs.

 (7)
 Shares beneficially owned consist of (i) 75,000 common shares directly held by Ms. Yan; (ii) 350,000 common shares
that are issuable to Ms. Yan upon exercise of vested options and (ii) 129,829 common shares that are issuable to Ms. Yan
upon settlement of vested DSUs.

 (8)
 Shares beneficially owned consist of 500,000 common shares that are issuable to Mr. Bridge upon exercise of vested options.

 (9)
 Shares beneficially owned consist of 460,550 common shares that are issuable to Mr. Orsmond upon exercise of vested options.

 Change in Control

 As discussed elsewhere in
this Form 10-K, on January 11, 2024, the Company and Xos entered into the Xos Arrangement Agreement, pursuant to which Xos will
acquire all of the issued and outstanding common shares of the Company pursuant to the Xos Plan of Arrangement. Subject to the terms and
conditions set forth in the Xos Arrangement Agreement and the Xos Plan of Arrangement, each issued common share of the Company outstanding
immediately prior to the effective time of the Xos Arrangement (other than the shares held by the Company's shareholders who have
exercised rights of dissent in respect of the Xos Arrangement) will be transferred to Xos in exchange for such number of shares of Xos
common stock, as is provided for in the Xos Arrangement Agreement. The completion of the Xos Arrangement is subject to the satisfaction
or waiver of closing conditions, including, among others, required approvals of Xos' stockholders and the Company's shareholders,
court approval of the transaction, certain third-party approvals and other customary closing conditions. There are no assurances that
the proposed Xos Arrangement will be consummated.

 The foregoing description
of the Xos Arrangement and the Xos Arrangement Agreement does not purport to be complete and is qualified in its entirety by reference
to the Xos Arrangement Agreement, which is filed as Exhibit 2.1 to the Company's Current Report on Form 8-K filed with
the SEC on January 12, 2024 and is incorporated herein by reference.

 Item 13.
 Certain Relationships and Related Transactions, and Director Independence

 Since January 1, 2022,
there have been no transactions to which the Company has been a participant in which the amount involved in the transaction exceeds or
will exceed the lesser of $120,000 or one percent of the average of the Company's total assets at year-end for the last two completed
fiscal years, and in which any of the Company's directors, director nominees, executive officers, beneficial owners of more than
five percent of our common shares or any other "related person" (as defined in Item 404(a) of Regulation S-K) had or
will have a direct or indirect material interest.

 Director Independence

 The Board has determined that
the following directors are "independent" under the listing standards of Nasdaq, as such directors do not have a relationship
which, in the opinion of the Board, would interfere with the exercise of independent judgment in carrying out the responsibilities of
a director:

 Steven Sanders

 Michael Richardson

 Luisa Ingargiola

 Dietmar Ostermann

 Dave Shemmans

 Joanne Yan

 Jerry Kroll and Bill Quigley,
both of whom served on the Board in Fiscal 2023 but did not stand for re-election at our 2023 Annual
General Meeting of Shareholders, were previously determined to be independent by the Board as well.

 Item 14.
 Principal Accountant Fees and Services

 The following is an aggregate
of fees billed for each of the last two fiscal years for professional services rendered by KPMG LLP ("KPMG"), the
independent registered public accounting firm of the Company:

 Years Ended December 31

 2023

 2022

 Audit fees

 $
 849,792

 $
 1,028,325

 Audit-related fees

 —

 —

 Tax fees

 303,193

 137,400

 All other fees

 —

 —

 Total

 $
 1,152,985

 $
 1,165,725

 Audit Fees

 This category includes the
aggregate fees billed by KPMG for the audit of our annual financial statements and reviews of interim financial statements that are provided
in connection with statutory and regulatory filings or engagements.

 Audit Related Fees

 Audit related fees are the
aggregate fees billed by KPMG for assurance and related services that are reasonably related to the performance of the audit or review
of our financial statements and are not described in the preceding category.

 Tax Fees

 Tax fees are billed by KPMG
for tax compliance, tax advice and tax planning.

 All Other Fees

 All other fees include fees
billed by KPMG for products or services other than as described in the immediately preceding three categories.

 Pre-Approval Policies and Procedures

 Our Audit Committee is responsible
for the pre-approval of audit and permitted non-audit services to be performed by our independent registered public accounting firm. Our
Audit Committee will, on an annual basis, consider and, if appropriate, approve the provision of audit and non-audit services by our independent
registered public accounting firm. Thereafter, the Audit Committee will, as necessary, consider and, if appropriate, approve the provision
of additional audit and non-audit services by our independent registered public accounting firm which are not encompassed by our Audit
Committee's annual pre-approval and are not prohibited by law. Our Audit Committee has the authority to pre-approve, on a case-by-case
basis, non-audit services to be performed by our independent registered public accounting firm. Our Audit Committee has approved all audit
and permitted non-audit services performed by KPMG for the years ended December 31, 2022 and 2023.

 Item 15.
 Exhibits and Financial Statement Schedules

 Documents filed as part of this Report:

 (1)
 Financial Statements. The consolidated financial statements listed on the index set forth on page F-1 of this Form 10-K
are filed as a part of this report.

 (2)
 Financial Statement Schedules. All financial statement schedules have been omitted since the information is either not applicable
or required or is included in the financial statements or notes thereof.

 The following exhibits are filed as part of this Form 10-K.

 Exhibit No.

 Description of Exhibit

 Method of Filing

 2.1

 Arrangement Agreement, dated August 14, 2023, by and among ElectraMeccanica Vehicles Corp., Tevva Motors Limited, 1432952 B.C. Ltd. and 1432957 B.C. Ltd.

 Incorporated by reference to Exhibit 2.1 of the Company's Current Report on Form 8-K filed with the SEC on August 15, 2023

 2.2

 Arrangement Agreement, dated January 11, 2024, by and between ElectraMeccanica Vehicles Corp. and Xos, Inc.

 Incorporated by reference to Exhibit 2.1 of the Company's Current Report on Form 8-K filed with the SEC on January 12, 2024

 2.2.1

 Amendment Agreement, dated January 31, 2024, by and between ElectraMeccanica Vehicles Corp. and Xos, Inc.

 Incorporated by reference to Exhibit 2.1 of the Company's Current Report on Form 8-K filed with the SEC on January 31, 2024

 3.1

 Notice of Articles

 Incorporated by reference to Exhibit 3.1 of the Company's Registration Statement on Form F-1 filed with the SEC on October 12, 2016

 3.2

 Articles

 Incorporated by reference to Exhibit 3.1 of the Company's Current Report on Form 8-K filed with the SEC on January 31, 2024

 4.1

 Description of registrant's securities

 Incorporated by reference to Exhibit 4.1 of the Company's Annual Report on Form 10-K filed with the SEC on March 8, 2024

 10.1+

 ElectraMeccanica Vehicles Corp. 2020 Stock Incentive Plan

 Incorporated by reference to Exhibit 4.1 of the Company's Registration Statement on Form S-8 filed with the SEC on October 5, 2020

 10.2+

 Executive Employment Agreement, dated December 2, 2022, by and between ElectraMeccanica Vehicles Corp. and Susan Docherty

 Incorporated by reference to Exhibit 10.14 of the Company's Annual Report on Form 10-K filed with the SEC on April 17, 2023

 10.2.1+

 First Executive Employment Agreement Amendment, dated January 4, 2024, by and between ElectraMeccanica Vehicles Corp. and Susan Docherty

 Incorporated by reference to Exhibit 10.2 of the Company's Current Report on Form 8-K filed with the SEC on January 10, 2024

 10.3+

 Executive Employment Agreement, dated February 9, 2023, by and between ElectraMeccanica Vehicles Corp. and Michael Bridge

 Incorporated by reference to Exhibit 10.17 of the Company's Annual Report on Form 10-K filed with the SEC on April 17, 2023

 10.3.1+

 First Executive Employment Agreement Amendment, dated January 4, 2024, by and between ElectraMeccanica Vehicles Corp. and Michael Bridge

 Incorporated by reference to Exhibit 10.3.1 of the Company's Annual Report on Form 10-K filed with the SEC on March 8, 2024

 10.4+

 Executive Employment Agreement, dated October 9, 2023, by and between ElectraMeccanica Vehicles Corp. and Stephen Johnston

 Incorporated by reference to Exhibit 10.2 of the Company's Current Report on Form 8-K filed with the SEC on October 12, 2023

 10.5+

 Executive Employment Services Agreement, dated December 24, 2021, by and among ElectraMeccanica Vehicles Corp., EMV Automotive USA, Inc. and Kim Brink

 Incorporated by reference to Exhibit 4.10 of the Company's Annual Report on Form 20-F filed with the SEC on March 22, 2022

 10.6+

 Executive Employment Services Agreement, dated August 22, 2022, by and between ElectraMeccanica Vehicles Corp. and Mark Orsmond

 Incorporated by reference to Exhibit 10.13 of the Company's Annual Report on Form 10-K filed with the SEC on April 17, 2023

 10.7+

 Independent Contractor Consulting Agreement, dated October 11, 2023, by and between ElectraMeccanica Vehicles Corp. and Orsim Finance Ltd

 Incorporated by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K filed with the SEC on October 12, 2023

 10.8+

 Release Agreement, dated October 17, 2023, by and between ElectraMeccanica Vehicles Corp. and Mark Orsmond

 Incorporated by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K filed with the SEC on October 18, 2023

 10.9+

 Retention Agreement, dated September 28, 2023, by and between ElectraMeccanica Vehicles Corp. and Susan Docherty

 Incorporated by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K filed with the SEC on December 29, 2023

 10.9.1+

 First Retention Agreement Amendment, dated January 4, 2024, by and between ElectraMeccanica Vehicles Corp. and Susan Docherty

 Incorporated by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K filed with the SEC on January 10, 2024

 10.10+

 Retention Agreement, dated September 28, 2023, by and between ElectraMeccanica Vehicles Corp. and Michael Bridge

 Incorporated by reference to Exhibit 10.10 of the Company's Annual Report on Form 10-K filed with the SEC on March 8, 2024

 10.10.1+

 First Retention Agreement Amendment, dated January 4, 2024, by and between ElectraMeccanica Vehicles Corp. and Michael Bridge

 Incorporated by reference to Exhibit 10.10.1 of the Company's Annual Report on Form 10-K filed with the SEC on March 8, 2024

 10.11+

 Retention Agreement, dated January 4, 2024, by and between ElectraMeccanica Vehicles Corp. and Stephen Johnston

 Incorporated by reference to Exhibit 10.3 of the Company's Current Report on Form 8-K filed with the SEC on January 10, 2024

 10.12*

 Design and Supply Agreement, dated March 3, 2023, by and between ElectraMeccanica USA, LLC and GLV, LLC

 Incorporated by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K filed with the SEC on March 29, 2023

 10.13

 Settlement Deed, dated May 8, 2023, between ElectraMeccanica Vehicles Corp. and Chongqing Zongshen Automobile Industry Co., Ltd.

 Incorporated by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K filed with the SEC on May 12, 2023

 10.14

 Form of Voting Support and Lock-Up Agreement for ElectraMeccanica Vehicles Corp. Shareholders

 Incorporated by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K filed with the SEC on August 15, 2023

 10.15

 Form of Voting Support and Lock-Up Agreement for Tevva Motors Limited Shareholders

 Incorporated by reference to Exhibit 10.2 of the Company's Current Report on Form 8-K filed with the SEC on August 15, 2023

 10.16

 Facility Letter, dated August 14, 2023, by and between ElectraMeccanica Vehicles Corp. and Tevva Motors Limited

 Incorporated by reference to Exhibit 10.3 of the Company's Current Report on Form 8-K filed with the SEC on August 15, 2023

 10.17

 Form of Voting Support and Lock-Up Agreement by and between Xos, Inc. and ElectraMeccanica Locked-Up Parties

 Incorporated by reference to Exhibit 10.1 of the Company's Current Report on Form 8-K filed with the SEC on January 12, 2024

 10.18

 Form of Voting Support and Lock-Up Agreement by and between ElectraMeccanica Vehicles Corp. and Xos Locked-Up Parties

 Incorporated by reference to Exhibit 10.2 of the Company's Current Report on Form 8-K filed with the SEC on January 12, 2024

 14.1

 Code of Business Conduct and Ethics

 Incorporated by reference to Exhibit 99.4 of the Company's Report of Foreign Private Issuer on Form 6-K filed with the SEC on April 27, 2020 (the first Form 6-K filed on such date)

 21.1

 Subsidiaries of ElectraMeccanica Vehicles Corp.

 Incorporated by reference to Exhibit 21.1 of the Company's Annual Report on Form 10-K filed with the SEC on March 8, 2024

 23.1

 Consent of KPMG LLP, Chartered Professional Accountants

 Incorporated by reference to Exhibit 23.1 of the Company's Annual Report on Form 10-K filed with the SEC on March 8, 2024

 31.1

 Certification of Chief Executive Officer pursuant to Exchange Act Rule 13a-14(a) or 15d-14(a)

 Incorporated by reference to Exhibit 31.1 of the Company's Annual Report on Form 10-K filed with the SEC on March 8, 2024

 31.2

 Certification of Chief Financial Officer pursuant to Exchange Act Rule 13a-14(a) or 15d-14(a)

 Incorporated by reference to Exhibit 31.2 of the Company's Annual Report on Form 10-K filed with the SEC on March 8, 2024

 31.3

 Certification of Chief Executive Officer pursuant to Exchange Act Rule 13a-14(a) or 15d-14(a)

 31.4

 Certification of Chief Financial Officer pursuant to Exchange Act Rule 13a-14(a) or 15d-14(a)

 32.1

 Certification of Principal Executive Officer and Principal Financial Officer pursuant to 18 U.S.C. Section 1350

 Incorporated by reference to Exhibit 32.1 of the Company's Annual Report on Form 10-K filed with the SEC on March 8, 2024

 97.1+

 ElectraMeccanica Vehicles Corp. Clawback Policy

 Incorporated by reference to Exhibit 97.1 of the Company's Annual Report on Form 10-K filed with the SEC on March 8, 2024

 101.INS

 101.SCH

 101.CAL

 101.DEF

 101.LAB

 101.PRE

 Notes:

 +
 Indicates management contract or compensatory plan or arrangement

 *
 Portions of this exhibit have been redacted pursuant to Item 601(b)(10)(iv) of Regulation S-K.

 SIGNATURES

 Pursuant to the requirements of Section 13
or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned,
thereunto duly authorized.

 Date: March 19, 2024

 ELECTRAMECCANICA VEHICLES CORP.

 By:

 /s/ Susan E. Docherty

 Susan E. Docherty

 Chief Executive Officer and Interim Chief Operating Officer

 (Principal Executive Officer)