COP28 Progress Update

At COP27, Breakthrough Agenda governments called on the leading initiatives to continue working toward setting common and coordinated zero-emission vehicle transition targets and to send a global collective market signal in support of a Paris Agreement-aligned future. They nominated the Accelerating to Zero Coalition to coordinate across the initiatives and to review and communicate progress at COP28.

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Highlights

Progress Toward a Paris-Aligned ZEV Transition

Countries representing 13% of global LDV sales, have set voluntary ZEV targets or proposed policies for LDVs

Countries representing 17% of global LDV sales, have adopted binding policies for LDVs

Countries have adopted binding policies for MHDVs

Countries representing 20% of global MHDV sales, have set voluntary ZEV targets for MHDVs

Initiative Progress

Seven initiatives are detailed within the update and are collectively working to develop coordinated signals for an accelerated ZEV transition.

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EV100

Commitment:

Transition signatory-owned and contracted van and MDV fleets to zero-emission by 2030 (100% of vehicles weighing less than 3.5 tons and 50% of those weighing 3.5 tons to 7.5 tons). Establish charging infrastructure for employees and customers.

Impact: Annual reduction of 6.24 million tCO2e is anticipated once all committed vehicles are electrified by 2030.

EV100+

Commitment:

100% ZE-MDV (weighing 7.5 tons to 20 tons) purchases for owned and contracted vehicles. 100% ZE-MHDVs for owned and contracted operations by 2040.

Impact:

Over 90,000 trucks will be zero-emission vehicles by 2040.

First Movers Coalition — Trucking

Commitment:

Trucking owners and operators commit to making at least 30% of their purchases of new heavy-duty trucks, along with 100% of their purchases of new medium-duty trucks, zero-emission by 2030.

Impact:

50% EV sales by 2025; transition to complete electrification, wherever feasible according to market conditions

Fleet Electrification Coalition

Commitment:

Leading shippers and fleet owners commit to deploying 50,000 electric trucks by 2026, adding enough scale to the market so that at least 30% of sales of new MHDVs are electric by 2030 in the U.S., Europe, China, and India.

Global MOU on ZE-MHDVs

Commitment:

100% zero-emission new truck and bus sales by 2040 with an interim goal of 30% zero-emission vehicle sales by 2030

Impact:

Cumulative 7.8 Gt CO2 will be avoided from 2023 to 2050 through new ZE-MHDVs if ambitions of current signatories are achieved.

Zero-Emission Government Fleet Declaration

Commitment:

100% ZEV civil government-owned and -operated light-duty fleets, and acquisitions of ZE-MHDVs, by 2035.

Zero Emission Vehicles Declaration

Commitment:

100% ZEV sales for cars and vans by 2035 in leading markets and 2040 globally

Impact:

Cumulative 9.2 Gt CO2 emissions will be avoided between 2023 to 2050 if the ambitions of current signatories are achieved.

Source: Data provided by initiatives.