2024 was a powerful year of progress and growth for the nations, industry, and stakeholders working to achieve the critical decarbonization goals of the Global Memorandum of Understanding (Global MOU) on Zero-Emission Medium- and Heavy-Duty Vehicles (ZE-MHDVs). The number of Global MOU-committed nations grew by 40 percent and includes a meaningful addition of countries from emerging markets and developing economies. This growth brings impact: Roughly one in every five new commercial vehicles on the planet are covered by the Global MOU commitments, and market volumes for zero-emission trucks have grown by more than 50 percent. Led by successes in the first “beachhead” market segments, such as urban delivery, zero-emission trucks now represent almost 2 percent of new sales. Nearly one-third of Global MOU nations now have binding regulations cementing their goals in law. And the next stage of action to reach 2040 goals—the launching of the first long-haul green freight corridors—is underway on five continents. 

This report—the third annual Global Progress Toward Decarbonizing Transportation: Multi-Country Action Plan for the 2024 Update (MCAP)—highlights the forward action of the 38 Global MOU country signatories toward fulfilling the goal of the Global MOU, calling for 30 percent of new MHDV sales to be zero-emission by 2030, and 100 percent of new MHDV sales to be zero-emission by 2040. With global alignment secured and national ambitions set, now is the time to turn intention into action.  

The 2024 MCAP, prepared for Global MOU countries and endorsers, provides new information on the overall ZE-MHDV market and offers an overview of the impactful policy measures implemented by Global MOU signatory nations. It showcases current policies adopted to date and 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 report identifies key actions and interventions for finance and infrastructure stakeholders, emphasizing that proactive collaboration, long-term planning, and innovative problem-solving must start now to realize the ambition of the Global MOU and a clean transportation future for all.