Nuvve's Platform And Services

EV Market Forecast Lithium-ion battery pack price (real 2018 $/kWh) 1,400 1,200 Sparks fly Battery electric vehicles, worldwide 1,000 800 600 400 200 0 2010 2015 2020 2025 2030 ▲ Observed prices Battery cost, €/kWh 1,000 Penetration, % FORECAST 25 25 2024 estimate price $94/kWh 18% 2030 estimate $62/kWh. learning rate 800 20 20 New forecast 600 15 15 Source: BloombergNEF Note: Prices are for EVs and stationary storage, and include both cell and pack costs 400 200 Segment Year of expected price parity U.S. Europe China Small 2024 2026 2028 Medium 2024 2023 2023 Large 2023 2022 2031 SUV 2023 2024 2034 Old forecast 5 0 10 10 2009 15 20 25 30 30 Sources: Exane BNP Paribas; UBS EV adoption will drive the need for vehicle-grid integration (VGI) and vehicle-to-grid (V2G) in 2021 Source: BloombergNEF (using data from the EPA, ICCT, FEV, ONRL and IDL). Note: Estimated pre-tax retail prices. Nuvve Copyright © 2020. All Rights Reserved. 7 NUVVE

View entire presentation