Transforming ENERGY

700 20% Global Trends 2040 EV Stock Projections Passenger cars: 727 million (75% of global sales) Commercial vehicles: 15.5 million (54% of global sales) Buses: 1.7 million (83% of global sales) Two- and Three-Wheelers: 758 million (83% of global sales) Electric Passenger Car Stock (millions) 800 600 500 400 300 200 100 0 18% 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 2039 2040 ■China ■ Europe United States Rest of World 26% 37% Figure. Global electric passenger car stock projection, 2022-2040 ONREL Data: Bloomberg New Energy Finance (2022) USAID USAID Transforming ENERGY FRELATIONAL FROM THE AMERICAN PEOPLE 6

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