Commercial vehicles section
Note: *BloombergNEF’s Economic Transition Scenario (ETS) assumes no new policies or regulations are enacted that impact the market. It also does not assume any long-term climate targets are hit, or that any combustion vehicle phase-out targets that have been announced by countries, states, cities or companies are achieved. Instead, adoption is primarily driven by techno-economic trends and market forces. For a full explanation of the methodology for this scenario, refer to the Long-Term Electric Vehicle Outlook 2021 report.
BloombergNEF’s Economic Transition Scenario
Source: BloombergNEF’s Electric Vehicle Outlook 2021. Note: Electric includes battery electric, plug-in hybrid electric and range-extender; natural gas includes compressed and liquefied natural gas.