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  "documentTitle": "Nuvve | Results Presentation Deck | 47 slides",
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      "text": "Figure 3: Electric vehicle fleet forecast by vehicle type, base-case",
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      "text": "Figure 4: Electric vehicle electricity demand as a percentage of total electricity demand",
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      "text": "By 2040, an estimated 550 million EVs will be on the road\nGlobally, EVs will represent more than two-thirds of passenger vehicle sales by 2040",
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      "text": "By 2040, EVs are projected to make up 10% of total electricity demand in the U.S. and Europe",
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      "text": "Increased power demand:",
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      "kind": "source-note",
      "text": "©2023 Nuvve Holding Corp. All rights reserved. Confidential and proprietary.",
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      "text": "Source: BloombergNEF Note: Analysis from BNEF's Electric Vehicle Outlook. The EV fleet represents 29% of all vehicles on the road in 2040. Commercial EVs includes vans and trucks.",
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      "text": "Sources: BloombergNEF Economic Transition Scenario, Vehicle-to-Grid Big Opportunities Big Challenges March 2021 report",
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