Global momentum towards zero-emissions has accelerated significantly in recent years. In spite of the global supply chain shortages, EV sales are on track for around 5.6 million units this year, up from 2.1 million in 2019, and 3.1 million in 2020.
Bloomberg’s Zero-Emission Vehicles Factbook notes, the “global clean road transport market” will be worth around $244 billion this year. The report was released simultaneously with a pledge by several leading automakers who collectively committed to sell around 40 million EVs per year by 2030.
Passenger electric vehicle sales are set to jump over 80% in 2021, to 5.6 million units, off the back of unprecedented industry and government commitments around the world over the last two years, according to the Zero-Emission Vehicles Factbook, a special report published today by BloombergNEF (BNEF), at the request of the U.K. COP26 Presidency and in partnership with Bloomberg Philanthropies.
The Factbook documents the progress that has been made towards global net-zero emissions in the road transport sector, and shows that the future is brighter than ever for zero-emission vehicles. In the first half of 2021, sales of passenger electric vehicles (including battery electric, plug-in hybrid and fuel cell vehicles) were 140% higher than the same period in 2019, reaching 7% of global passenger vehicle sales. This compares with just 2.6% in 2019, the year of the last UN Climate Change Conference.
The total global fleet of passenger electric and fuel cell vehicles now totals nearly 13 million, of which 8.5 million are true zero-emission vehicles (ZEVs), either battery electric or fuel cell (still, fuel cell vehicles account for a fraction of that total). The latter figure is up from just 4.6 million at the time of COP25. At the same time, by 1H 2021, the global fleet of zero-emission buses has increased by 22% since 2019, and we expect 18% of all municipal buses on the road to be zero-emission at the end of 2021.
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