Nuvve Holding Corp. (NASDAQ:NVVE) Q4 2022 Earnings Call Transcript

Brian Dobson: Yes, very good. And then also positive for next year that potential order from the Los Angeles Unified School District. As grants are paid out from the government, what kind of incentification do you think you’ll see from other large school districts to enhance their EV bus orders?

Gregory Poilasne: I mean I think this — that wave is happening right now, and it’s not going to go back. I think the biggest hurdle is really EV, the manufacturing process, which is now we said, we expect maybe not thousands yet, no, hundreds, but not thousands. That’s probably the biggest impediment to the school bus deployment. But I think the mindset has turned and the school districts we are — ready to embrace it. They are still discovering what it takes to get there, but they are really embracing it. And essentially, I think the big school districts — some of the also. I’ve been clearly pointed that out. And I think that tidal wave is moving, and this is what’s really exciting about us focusing about market is this is coming — and hundreds this year, thousands next year, that’s what we can expect.

Operator: This concludes our question-and-answer session. I would like to turn the conference back over to Gregory Poilasne for any closing remarks.

Gregory Poilasne: Thank you, everybody, for joining us today. We are very excited about 2023 and we’re looking forward to sharing more about the progress that we are doing into rolling out our technology with partners such as Circle K and the further wins that we are making into the school bus business. I look forward to sharing more with you at the end of the first quarter of 2023. Thank you.

Operator: The conference has now concluded. Thank you for attending today’s presentation. You may now disconnect.