Nuvve Results Presentation Deck

U.S. FLEET ELECTRIFICATION CAPITAL NEEDS Fleet Electrification Capital Requirements: ~$176B+ Passenger Vehicle Electrification Capital Requirements: ~$6.4T ● ● POSTAL FLEET ~225,000 vehicles | Capital Investment: $27B MILITARY FLEET ~170,000 vehicles | Capital Investment: $17B MASS (PUBLIC) TRANSIT ~160,000 vehicles | Capital Investment: $36B Fi 17 Sources: New York School Bus Contractors Association, U.S. Postal Service, American Public Transit Association, other public records. TAM figures assume an average approximate cost per electric vehicle type. Ⓒ2022 Nuvve Holding Corp. All rights reserved. Confidential and proprietary. School Buses 55% Postal 15% Mass Transit 20% Military 10% MIX OF FLEET CAPITAL REQUIREMENTS TO ELECTRIFY SCHOOL BUSES ~480,000 buses | Capital Investment: $96B NUVVE

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