A rapid global transition to zero emission vehicles (ZEV) is vital to meet the goals of the Paris Agreement.
A rapid global transition to zero emission vehicles (ZEV) is vital to meet the goals of the Paris Agreement. Cars, vans, buses and trucks account for 21% of global anthropogenic CO2 emissions, and the total emissions are rising faster than any other sector. We must continue to increase the pace of the global transition to meet our Paris Agreement goals, keep the goal of 1.5 degrees within reach and deliver the Road Transport Breakthrough 2030 goal – ‘to make zero emission vehicles the new normal by making them affordable, accessible, and sustainable in all regions by 2030’.
An accelerated ZEV transition creates opportunities for jobs and growth, increases air quality, improves public health, and helps balance electricity grids as we make the transition to clean power. Crucially, an accelerated transition will reduce dependence on oil, an insecure, expensive and volatile commodity, thereby boosting energy security. Since road transport is the single biggest source of oil consumption globally, an accelerated transition is vital.
The Zero Emission Vehicles Transition Council (ZEVTC) was formed in November 2020, as the world’s first strategic forum through which ministers and government representatives from some of the world’s largest and most progressive automotive markets – collectively accounting for more than half of all new car sales globally – meet to collaborate to accelerate the pace of the global transition to zero emission vehicles.
Progress in 2022
Over the course of the past year, the global ZEV transition has continued to accelerate.
- The global fleet of passenger EVs keeps growing – 59% per year on average since 2015 – and cumulative global sales of EVs reached over 21 million by June 2022.
- The adoption of electric vehicles and fuel cell vehicles are expected to avoid almost 1.7 million barrels of oil per day in 2022 (about 3.8% of total demand), up from 1.5 million barrels per day in 2021.
- Leading automakers active in ZEVTC countries achieved 2.5 million in EV sales in the first half of 2022, a 34% increase compared to the first half of 2021.