As representatives of sub-national governments, businesses, and other organizations with influence over the freight truck and bus industry and road transport, we fully endorse the ambition of the Global Memorandum of Understanding (MOU) for Zero-Emission Medium- and Heavy-Duty Vehicles (ZE-MHDVs). The MOU aligns countries around a joint ambition for ZE-MHDVs, aiming for 30% new MHDVs being zero emissions by 2030, and 100% by 2040, as to facilitate net-zero carbon emissions by 2050.
We endorse the MOU as part of the wider and coherent efforts to accelerate the ZEV transition. We will work together to overcome strategic, political, and technical barriers, accelerate ZEV production and deployment, and increase investment and economies of scale, to make the transition faster, more cost effective, and easier for everyone. Recognizing that more efforts are needed in emerging markets and lower income countries we strive to work with these economies in ways that will enable them to realize the MOU ambition.
We will contribute to this transition in the following ways:
- As sub-national governments, we strive to convert our owned or leased MHDV fleets to zero-emission vehicles in line with the MOU ambition, as well as putting in place policies to enable, accelerate, or otherwise incentivize the transition to zero-emission vehicles as soon as possible, to the extent possible given our jurisdictional powers.
- As MHDV manufacturers, we aspire to reach 30% ZE-MHDV sales by 2030, and 100% ZE-MHDV sales by 2040 worldwide.
- As fleet owners and operators, we aim towards 100% of our MHDV fleets being ZEVs by 2040, recognizing that we strive for an earlier transition of the lighter MHDV segments.
- As utilities and infrastructure providers, we support an accelerated transition to ZE-MHDVs, recognizing the importance of developing zero-emission charging and fuelling infrastructure and solutions to catalyse and enable the MOU ambition.
- As investors with significant shareholdings in MHDV manufacturers and fleets, we support an accelerated transition to zero-emission vehicles in line with the MOU ambition. We will proactively engage and escalate these issues with investees, coupled with encouraging all our holdings to decarbonise their fleets and invest in clean infrastructure and energy supply.
- As financial institutions, we aim to support the ZEV transition by making capital and financial products available to enable this transition for consumers, businesses, charging infrastructure providers and manufacturers.
- As other signatories, we support an accelerated transition to ZE-MHDVs in line with the MOU ambition.
 For purposes of the MOU, MHDVs are vehicles with gross vehicle weight above 3,500 kg used for freight and passenger transport. ZE-MHDVs are MHDVs with zero tailpipe emissions.