The EU’s 27 member states have increased the number of goals they have set for the phase-out of conventionally fueled cars.
In a global memorandum of understanding, Portugal, Luxembourg, Finland, Denmark, the Netherlands, and Austria agreed that by 2030, 30% of truck and bus sales would be zero-emission, and by 2040, 100% would be so.
Some of these nations have vowed to pursue objectives that are even more audacious than those listed in the Memorandum. Austria has committed to phase-out the sale of conventionally fueled vehicles with a gross vehicle weight (GVW) less than 18 t starting in 2030 and vehicles with a GVW larger than 18 t starting in 2035.
Starting in 2025, the Netherlands has committed to just buying zero-emission buses. With the same objective in mind for city buses, Denmark is closely following.
Ireland wants its fleet of buses to be entirely emission-free by 2035. With the aim of having a 100% zero-emission fleet in operation by 2040, Austria plans to phase out the sales of conventional buses starting in 2032.
The majority of the HDV market has historically been dominated by a small number of producers. In 2021, just seven manufacturers accounted for 97% of all truck sales in the EU-27. The bus sector is substantially less consolidated, with the top seven manufacturers accounting for only 74% of sales.
Because of the increasing demand for zero-emission vehicles, notably in the bus sector, new market entrants are being given the opportunity to succeed. Only a few bus manufacturers have entered the market with ZE-HDV production as their exclusive focus, including BYD for buses, Emoss for big trucks, and Streetscooter for light and medium trucks.
Source: The ICCT
Get ‘FREE OF CHARGE’ access to this and 400+ other valuable EV Market Reports at http://evmarketsreports.com. Enjoy reading!