EV numbers show promising growth – report

According to the Zero-Emission Vehicles Factbook, a total of 5.6 million EVs - including battery electric, plug-in hybrid and fuel cell vehicles – will be sold in 2021, bringing the overall total on roads globally to nearly 13 million. Of that latter figure, 8.5 million are true zero-emission vehicles (ZEVs), with hybrids making up the difference. At the time of COP25 in 2019, just 4.6 million ZEVs were on the road, indicating significant progress in decarbonising the road transport sector.

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The report - produced by BloombergNEF (BNEF) and commissioned by the UK COP26 Presidency - also found that forecasts for growth in ZEVs are increasing across the board. BNEF’s own forecast for the global ZEV fleet in 2040 has been raised from 495 million vehicles in its 2019 forecast, to 677 million. Elsewhere, the International Energy Agency (IEA) has raised its 2030 battery electric vehicle fleet forecast by seven per cent since 2019, while the Organisation of the Petroleum Exporting Countries (OPEC) has increased its 2040 estimate for the global electric and fuel cell vehicle fleet by 11 per cent.