Nuvve Results Presentation Deck

MARKET OPPORTUNITY: PASSENGER VEHICLES Global Electric Vehicles (¹) Global Electric Vehicle Power Capacity 500M by 2040 ~3500 GW 100% V2G electrification of global EVs by 2040 would represent over 3 times the total U.S. power generation capacity today(²) Assuming all electric buses are powered by Nuvve's proprietary V2G V2G POWERED BY NUVVE 3,500 GW Assumed Monthly Value of Energy Storage (3) $120/kW-year Assuming 100% electrified by 2040 with 7kW V2G chargers [] [] [] $240/kW-year → → Storage Annual Revenue 19 $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. Ⓒ2022 Nuvve Holding Corp. All rights reserved. Confidential and proprietary. NUVVE

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