The number of continents in which Nuvve has projects


Market Penetration

Battery-powered EVs are expected to account for 25+% of all vehicles by 2030



Nuvve has 10 years of experience in EV charging

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The Path to Drawdown: EV Infrastructure

Internal combustion engine vehicles still dominate transportation today, but electric vehicles (EVs) are poised to transform that landscape. The IEA estimates that there are now 11 million electric passenger cars and vans on the road thanks to supportive policies and falling costs.

The difference in impact on the climate is remarkable. Compared to internal combustion vehicles, CO2 emissions drop by 50% if an EV’s power comes off the conventional grid. If powered by solar energy, emissions are cut by 95%. Once households purchase EVs, the operating costs for those cars are often cheaper than gas-based cars, too.

But just like ubiquitous gas stations enable internal combustion engines, one critical factor for EVs to become the primary transportation method is a wider adoption of EV charging infrastructure. Most charging of EVs is done at home and work today. But for EVs to be more widely adopted, publicly accessible charging needs to be rolled out to encourage households without access to private chargers to opt for EVs.

For now, the ratio of chargers to EVs is far lower than what it needs to be in most countries, with the US near the bottom of the ranking among developed countries at 0.06 chargers per EV. Companies and governments around the world are currently implementing policies and incentive programs to expand EV infrastructure networks.

To achieve an all-electric transport sector in line with keeping global warming under 1.5ºC of warming, the IEA projects a dramatic increase in the number of EV chargers globally between now and 2030:

  • <::marker> There were 10.3 million EV chargers in 2020
  • <::marker> There need to be 215.2 million chargers by 2030
  • <::marker> 35.5% CAGR between 2020 and 2030

What We Want to See Improve

Disclose Sustainability Metrics

As a company that recently went public, Nuuve has yet to publish a sustainability report. But as more investors demand transparency around their portfolio's carbon footprint, Nuuve too will inevitably feel the pressure to provide information on their role in the fight against climate change. We urge Nuuve's executives to disclose key sustainability metrics like their emissions, emissions avoided, sources of energy use, and amounts of waste generated. 

Set Clear Goals

Once sustainability metrics are disclosed, Nuuve should set clear targets for how to reduce their greenhouse gas emissions. These targets should be science-based, in line with the global commitment to stay under 1.5°C of global warming compared to pre-industrial times, and accompanied by a timeline for when to achieve these targets. 

Related EV Charging Station Stocks in the Climate Index

View All Climate Index Stocks →

Allocated Company Description


ChargePoint Holdings, Inc. (CHPT)

ChargePoint offers EV charging solutions that integrate with their cloud services to businesses, fleets, and drivers. They’re making EVs more attractive


Blink Charging Co. (BLNK)

Blink makes public EV charging equipment and software that lets drivers to easily recharge their EVs. Charging stations are key for electrifying transport.


Ideanomics, Inc. (IDEX)

Ideanomics makes commercial EVs, e-bikes and e-scooters, electric tractors, batteries and charging systems. All are critical in electrifying transport


Beam Global (BEEM)

Beam Global makes solar-powered EV charging stations for passenger and commercial vehicles. EV charging stations help make EVs more appealing


Nuvve Holding Corp. (NVVE)

Nuvve offers a platform that lets EV batteries store and resell energy back to the electric grid. They make EVs more attractive

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