Reaching a trajectory consistent with the IEA Sustainable Development Scenario will require putting 230 million EVs on the world''s roads by 2030. For EVs to unleash their full potential to combat climate change, the 2020s will need to be the decade of mass adoption of electric light-duty vehicles.
Typical policies include fuel economy and pollutant standards; zero-emission vehicle mandates; economic and budgetary regulation for fuels and vehicles, such as through fiscal regimes and taxation; purchase incentives and subsidies; and bans on internal combustion engine (ICE)-only vehicles.
Just seven automakers, which were collectively responsible for nearly half of LDV sales in 2022, have capital expenditures of more than USD 55 billion on emerging automotive technologies since 2019, including for manufacturing facilities.
EV100 Key Policies to Drive the Electric Vehicle Transition in the S 6 1. Set ambitious targets backed by robust policy frameworks. Time to be ambitious, end the debate and create market certainty. The US should cost-effectively phase out gasoline and diesel vehicles to achieve meaningful results in reducing
The Electrification Coalition advocates for federal policies to accelerate the adoption of EVs. These policies can be categorized into four core pillars: purchase incentives, charging infrastructure funding, federal fleet electrification funding, and EV manufacturing and supply chain funding and programs.
Targets may be formulated in terms of total sales volumes, as sales shares, or as an ambition to transition all sales of the company or of a certain brand to all-electric. As shown in Prospects for electric vehicle deployment, these targets often exceed not only regulatory requirements (as reflected in the Stated Policies Scenario), but also government ambitions (as reflected in the Announced Pledges Scenario).
In addition, automakers continue to invest increasing sums in electrification and digital technologies. Just seven automakers, which were collectively responsible for nearly half of LDV sales in 2022, have capital expenditures of more than USD55billion on emerging automotive technologies since 2019, including for manufacturing facilities.
1500000 BEV sales; introduce 10additional models by 2026; committed to a multi-pathway approach to reduce CO2, including continuing development of FCEVs and PHEVs
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