ZETs Deliver Economic Benefits

Driven by an ecosystem of consumer demand, industry leadership/ambition, supportive programs, ambitious policies – like California’s Advanced Clean Truck Rule – and coordinated agreements – like the Multi-State Medium- and Heavy-Duty Zero-Emission Vehicle Memorandum of Understanding – ZETs deliver economic benefits.


ZETs support economic growth and security

“Europe could cut oil imports by 1bn barrels of oil equivalent, strengthen GDP, create around 120,000 net additional jobs across the economy by 2030”
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“Electric Trucks and Volvo LIGHTS are Bringing New Job Opportunities”
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“Tevva’s new factory is expected to create an additional 1,000 skilled mechanical, software, engineering, and manufacturing jobs in the next 24 months.”
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“Thousands of jobs electric-vehicle maker Rivian has created at its Michigan plant will likely create an economic “ripple effect” throughout the community, including higher wages.”
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Amazon-backed electric vehicle startup could bring 7,500 jobs, $5 billion investment to Fort Worth
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Manufacturers are investing in ZETs

100% electric vehicle sales by 2025
100% carbon newutral in driving operation in Europe, North America, and Japan by 2039
100% fossil free new vehicle sales by 2040
100% carbon neutral in global products and operations by 2040
100% CO2 neural by 2045, with interim target of 80% new energy vehicle sales by 2025
100% fossil free new vehicle sales by 2040
100% battery-electric and fuel cell electric vehicle sales in North America by 2040, with interim targets of 40% by 2030 and 80% by 2035
100% CO2 neutral in all operations by 2050
100% CO2 neutral in vehicle operation and plants sheet by 2050
100% carbon neutral in operations by 2040
90% reduction in CO2 emissions in driving operation by 2050
100% carbon neutral by 2050, with 50% EV sales by 2030
100% carbon neutral across operations and product life cycle by 2050
100% fossil free new vehicle sales by 2040
100% CO2 neutral worldwide by 2050, with interim target of 100% CO2 neutral in Europe by 2040
>90% zero-emission new vehicle sales by 2040, with remainder powered by 100% fossil-free energy
70% low-emission vehicle sales in Europe, and 40% in the US by 2030
90% reduction in CO2 emissions in driving operation by 2050

10% CO2 neutral in life cycle by 2050
100% CO2 neutral balance sheet by 2050
100% fossil free new vehicle sales by 2040

ZETs deliver fuel & maintenance savings