With the climate and energy world gathering in Dubai this week for COP, BloombergNEF has published its annual zero emission vehicle factbook. This year’s Factbook shows that despite geopolitical challenges and rising interest rates, the transition to zero – emission vehicles has continued to accelerate over the last two years. Decarbonizing transport is key to ending dependence on oil, reducing emissions and improving local air quality. While electric vehicle adoption is rising, ambition from both governments and automakers has stalled in recent years, with very few new targets announced. More action is needed to reap the benefits of the ZEV transition – including cleaner air, new jobs and economic growth – and to keep the Paris Agreement goals within reach.

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Date: December 1, 2023

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