Electric Vehicle Outlook 2023 Executive Summary

This report draws on BloombergNEF’s team of sectoral and regional experts around the world. It updates our outlook for how road transport could evolve over the next 30 years. It includes analysis on EV adoption in passenger vehicles, commercial vans and trucks, two- and three-wheeled vehicles and buses globally. It also looks at other drivetrains, including hybrids, natural gas and fuel cells, and then explores the resulting impacts of all of these on electricity markets, oil demand, battery materials, charging infrastructure and CO2 emissions.