New research from Bloomberg New Energy Finance, commissioned by the UK COP presidency and published today, shows the progress made in introducing zero-emission passenger vehicles.
- 31% of the global passenger vehicle market is now covered by vehicle manufacturer commitments to end sales of fossil fuel-powered vehicles, up from a near zero share of the market at the start of 2021;
- global sales of zero-emission vehicles (ZEVs) have grown since 2019 from 2.1 million to 5.3 million;
- ZEVs are forecast to be 70% of all new car sales in 2040, with this projection having doubled in the last five years;
- 19% of 2020 passenger vehicles sales were in countries that now have an internal combustion engine (ICE) phase-out date, up from 5% in 2019.
A group of ministers and industry leaders committed to working towards 100% zero emission new car and van sales by 2040 or earlier at Transport Day at COP26. Twenty four countries, six major vehicle manufacturers (GM, Ford, Mercedes, BYD, Volvo, JLR), 39 cities, states and regions, 28 fleets and 13 investors all set out their determination for all new car and van sales to be zero emission by 2040 globally and 2035 in leading markets.
The UK government is also unveiling a new design for electric vehicle chargepoints, which it hopes will become as associated with the UK as red post boxes, London buses or black cabs.
Showcased in the UK Pavilion at COP26 and designed together with the Royal College of Art and PA Consulting, the concept prioritises inclusivity and ease of use, designed with consumers, local government, accessibility groups and industry.