The transportation sector is undergoing its biggest shift in a century.
Global electric vehicle sales are surging, with projections that 70% of passenger vehicle sales will be electric by 2040. Within 5 years, 87% of companies plan to electrify their fleets, signaling that fleet electrification is no longer experimental—it’s becoming standard practice.
The business case for EVs is clear. Fleet operators are seeing strong returns through lower fuel and maintenance expenses, improved efficiency, and performance gains from connected technologies.
Incentives and infrastructure investments further reduce the total cost of ownership.
In addition, clean technologies, regulatory pressure, and market changes are creating major opportunities for companies and investors ready to act.
This report outlines key risks—physical, financial, and market transition—and provides strategic recommendations and corporate case studies to help organizations manage them and capture growth.
Transition risks in transportation are real—but so are the opportunities. Companies and investors that act decisively will not only mitigate risk but unlock long-term growth and competitiveness.
Thank you,
Steven Clarke Program Director, Climate and Energy Ceres
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Ceres is a nonprofit advocacy organization working to accelerate the transition to a cleaner, more just, and resilient world.
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