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Market prospect EVs

Just in time for the UN Climate Change Conference, data analysts at Bloomberg New Energy Finance (BNEF) have published a new zero-emission vehicles factbook. They show that the market for electric cars continues to boom. In the first half of 2021, 7.2 percent of cars sold worldwide were EVs. Just two years ago, that figure was only 2.6 percent. By 2040, experts predict that 70 percent of all car sales will be zero-emission vehicles – more optimistic than previous forecasts. But despite the rapid growth and good predictions, the transport sector is still a long way from a zero-emissions path and achieving climate targets, according to BNEF. No more cars with internal combustion engines should be sold worldwide as early as 2035 if the transport sector is to achieve the goal of net-zero emissions by 2050. This is because cars sold in 2035 will, in all likelihood, still be on the roads in 2050, causing emissions in the process.

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