Nuvve Results Presentation Deck

MARKET OPPORTUNITY: PASSENGER VEHICLES Global Electric Vehicles (1) 500M by 2040 V2G POWERED BY NUVVE 3,500 GW >>>> Assumed Monthly Value of Energy Storage (3) 100% electrification of school buses could increase U.S. electric power generation capacity by nearly 3% (²) Assuming all electric buses are powered by Nuvve's proprietary V2G $120/kW-year Assuming 100% electrified by 2040 with 7kW V2G chargers [] [] [] $240/kW-year → Storage Annual Revenue 20 Global Electric Vehicle Power Capacity ~3500 GW $420B $840B -[ (1) Source: BloombergNEF Long Term Electric Vehicle Outlook 2020; Estimated number of electric passenger vehicles. (2) Source: EIA; US power generation capacity as of the end of 2020. (3) Assumed value based on company estimates. Ⓒ2023 Nuvve Holding Corp. All rights reserved. Confidential and proprietary. NUVVE

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