Mexico Advances Zero-Emission Vehicles Initiative at COP 29

A coalition representing the entire transportation value chain has united under the Zero Emission Vehicles Emerging Markets Initiative (ZEV-EM-I) to accelerate the electrification of Mexico’s transportation sector. Announced at COP 29, this initiative signals a transformative step toward reducing carbon emissions in Mexico’s fleet operations, including both passenger vehicles and freight trucks.

This collective commitment includes industry giants such as CE Neutral, Daimler Truck Mexico, DHL, Evergo, KPMG, LinkedIn, Maersk, Michelin, Philip Morris International, Uber, and Vemo. These companies will work together with government agencies, infrastructure providers, and the investment community to identify the necessary financing, policy frameworks, and infrastructure development that will allow for large-scale deployment of electric fleets across Mexico’s cities and freight corridors.

“It is exciting to see this demand signal from forward leaning companies dedicated to transitioning toward zero-emission vehicles in Mexico,” says Rick Duke, US Deputy Special Envoy for Climate.

The companies involved have committed to advance the adoption of EVs in Mexico, with a demand forecast of 9,000 EVs by 2027 and over 17,000 by 2030. The initiative encompasses a wide variety of vehicles, from passenger cars to long-haul freight trucks, reflecting the need for a comprehensive approach to tackle Mexico’s transport sector emissions.

“By collaborating with industry leaders, we are furthering an ecosystem that supports and accelerates electric freight adoption. As part of our global commitment for net-zero by 2040, we are dedicated to verified emissions-reduction in transport and to advancing the infrastructure needed for low and zero-emission transport networks worldwide,” says Nikolaj Pihl, Head of Energy Transition and Partnerships, A.P Moller-Maersk

The transport sector is responsible for about 23% of Mexico’s total carbon emissions, and thus plays a pivotal role in Mexico’s strategy to reduce its carbon footprint. The ZEV-EM-I’s demand signal aligns with Mexico’s revised Nationally Determined Contribution (NDC), aiming for a 35% reduction in greenhouse gas emissions by 2030.

“Today, the Zero Emission Vehicles Emerging Markets Initiative marks a key step toward sustainable mobility. The collective demand for over 17,000 EVs in Mexico by 2030 highlights the power of collaboration across the transportation value chain. This initiative will guide investment and policy decisions to reduce transportation emissions and help Mexico achieve their Nationally Determined Contributions,” says Diane Holdorf, Executive Vice President, World Business Council For Sustainable Development (WBCSD).