As a result of the United Nations Climate Change Conference (COP26), governments have officially announced their commitment to ensuring all new car and van sales are zero emission by 2040, or by 2035 in leading markets:
"As representatives of governments, businesses, and other organisations with an influence over the future of the automotive industry and road transport, we commit to rapidly accelerating the transition to zero emission vehicles to achieve the goals of the Paris Agreement.
Together, we will work towards all sales of new cars and vans being zero emission globally by 2040, and by no later than 2035 in leading markets
A. As governments, we will work towards all sales of new cars and vans being zero emission by 2040 or earlier, or by no later than 2035 in leading markets.
B. As governments in emerging markets and developing economies, we will work intensely towards accelerated proliferation and adoption of zero emission vehicles. We call on all developed countries to strengthen the collaboration and international support offer to facilitate a global, equitable and just transition.
C. As cities, states, and regional governments, we will work towards converting our owned or leased car and van fleets to zero emission vehicles by 2035 at the latest, as well as putting in place policies that will enable, accelerate, or otherwise incentivise the transition to zero emission vehicles as soon as possible, to the extent possible given our jurisdictional powers.
D. As automotive manufacturers, we will work towards reaching 100% zero emission new car and van sales in leading markets by 2035 or earlier, supported by a business strategy that is in line with achieving this ambition, as we help build customer demand.
E. As business fleet owners and operators, or shared mobility platforms, we will work towards 100% of our car and van fleets being zero emission vehicles by 2030, or earlier where markets allow.
F. As investors with significant shareholdings in automotive manufacturers, we will support an accelerated transition to zero emission vehicles in line with achieving 100% new car and van sales being zero emission in leading markets by 2035. We will provide proactive engagement and escalation of these issues with investees, coupled with encouraging all our holdings to decarbonise their fleets in line with science-based targets.
G. As financial institutions, we confirm our support for an accelerated transition to zero emission vehicles in line with achieving 100% new car and van sales being zero emission in leading markets by 2035, supported by making capital and financial products available to enable this transition for consumers, businesses, charging infrastructure and manufacturers.
H. As other signatories, we support an accelerated transition to zero emission vehicles in line with achieving 100% of new car and van sales being zero emission in leading markets by 2035."