Electric Vehicle Fleet to Hit 700 Million by 2040: BNEF

Sale of combustion vehicles are projected to be 39% lower by 2026 compared to their peak

June 9, 2023

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The number of electric vehicles (EV) is set to exceed 100 million by 2026 and reach 700 million by 2040, according to the latest report by BloombergNEF (BNEF). These estimates represent a significant surge from the 27 million EVs registered at the beginning of this year.

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Arjun Joshi

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Electric Vehicle Fleet to Hit 700 Million by 2040: BNEF

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