Analyst revises up zero-emission vehicle forecast after bumper year


With electric vehicle (EV) sales rising rapidly, U.S.-based business intelligence group Bloomberg has said the world's roads hosted 8.5 million truly zero-emission vehicles by the end of June.

In a report published at the request of the U.K. government, as it hosts the COP26 climate change summit in Glasgow, Bloomberg New Energy Finance included a graphic which showed central business district the City of London, and Bergen, in Norway, lead the way in commitments to phase out the sale of fossil-fueled vehicles.

Both cities, according to BloombergNEF, have committed to halt new internal combustion engine (ICE) vehicle sales by 2025. The Zero-emission Vehicles Factbook indicates the Norwegian government has also committed to halt new ICE sales by that date but the graphic has the capital, Oslo, with a 2030 cut-off date.

pv magazine November

Pick up the November edition of pv magazine to read about the many software solutions driving the energy transition. From big data and artificial intelligence taking the hard work out of operations and monitoring, to the move toward international standards and a consensus in ensuring electricity networks are secured against cyber attacks and other digital threats; the bits and bytes of software solutions play a complex and central role in the energy system.

A press release issued by BloombergNEF yesterday to publicize the report stated carmakers which account for 32% of global sales have committed to 100% zero-emission new vehicles by 2035. That is the final cut-off date to ban the sales of ICE vehicles if the world is to reach zero-emission road transport by mid century, according to Aleksandra O’Donovan, lead author of the report.

If that estimate is correct, the coalition of governments and auto manufacturers at COP26 which was set to commit to 100% zero-emission new cars, vans and HGVs by 2040, has not set an ambitious enough target.

Similarly, while BloombergNEF lauded the many municipal, state-level and national targets for eliminating the sale of new ICE vehicles, the 2040 date set by the Canadian province of British Columbia, and by France, Spain, Hong Kong, and Singapore, needs to come in by at least five years, even though the cities of Paris and Barcelona have set a more ambitious, 2030 deadline. Hawaii will also miss the cut for zero-emission roads in 2050 as it is committed to ending new ICE sales in 2045 and, with that cut-off date not even arriving until mid-century in Costa Rica; in the U.S. state-level authorities of Connecticut, Maryland, Oregon, Rhode Island, and Vermont; and in the Texan city of San Antonio, more work clearly needs to be done.

Popular content

The U.S. state-level commitments account for a quarter of sales in the country, according to BloombergNEF and, when national goals and zero-emission vehicle sales targets are thrown in, the analyst estimated 41% of sales across China, India and the U.S. are committed to be zero-emission units.

The report states improving battery technology and falling costs, faster charging point roll-out, a wider choice of car models, and longer ranges plus faster charging have amped up EV sales this year.

Global fleet

When fuel cell vehicles and part-fossil-fuel plug-in hybrids are included in the numbers, BloombergNEF said, sales will be expected to hit 5.6 million this year, to a cumulative 13 million such autos on the world's roads.

Perhaps even more impressively, the analyst has predicted 18% of the world's municipal buses will be zero-emission vehicles by the end of the year.

The rising popularity of such vehicles has prompted BloombergNEF to raise its 2040 estimate of the extent of the world zero-emission vehicle fleet, from 495 million to 677 million. The analyst noted the International Energy Agency and OPEC (the Organization of the Petroleum Exporting Countries) have also raised their expectations, for 2030 and 2040, respectively.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: