For the first time, BNEF has incorporated in its forecast projections for commercial vehicles. Over the coming two decades, light and medium electric commercial vehicles will make up 56% and 31% of total sales respectively.
SINGAPORE (May 20): The march of electric vehicles (EVs), is advancing at a steady clip, with commercial vehicles starting to grow significantly in addition to passenger vehicles. EVs are on track to dominate global sales of passenger cars and buses by 2040, and to encroach significantly on the market for vans and short-distance trucking, according to the Electric Vehicle Outlook 2019 report by research firm BloombergNEF (BNEF).
Come 2040, electric buses will make up 81% of municipal bus sales and 57% of global passenger car sales will be EVs, slightly higher than BNEF’s forecast made a year ago.
