Over the past year, tremendous progress and accelerated momentum has occurred in the global, communal work required to rapidly drive commercial vehicles to be 100 percent zero-emission by 2040, however increased global action is vital to reach carbon neutrality by 2050.

Now totaling 27 signatory nations, and with more expected by year’s end, the Global Memorandum of Understanding for Zero-Emission Medium- and Heavy-Duty Vehicles (Global MOU) has proven to be a powerful organizing and motivating force to accelerate this change. The Global MOU aligns the goals of national governments to decarbonize trucks and buses, which contribute disproportionately to CO2 emissions and air pollution, committing signatory countries and endorsers to reach 100 percent zero emissions by 2040 and the nearer-term goal of 30 percent new ZE-MHDV sales by 2030.

The Global Progress Towards Decarbonizing Transportation Multi-Country Action Plan 2023 Update (MCAP) provides an overview of the newest and most effective transport policy innovations of Global MOU signatory countries—and several countries that are not yet signatories to accelerate a zero-emission transport future. It showcases current policies adopted to date and lays out recommendations for governments to adapt into their own planning and rulemaking processes to accelerate the global zero-emission transport sector faster, smarter, and more inclusively. In addition, the MCAP pinpoints key actions and interventions for finance and infrastructure stakeholders making clear that deep collaboration, long-term planning, and short-term problem-solving must start now.