Baseline 2025 and Ambitious scenarios is the smallest. By 2050, EVs are projected to For LDVs, the EV share of the vehicle stock is projected to be around 62% by 2050 in the Baseline 2025 scenario, which is substantially higher than the 44% in the Baseline 2021 scenario, owing to significant policy developments. The Momentum scenario projects a 69% EV stock share by 2050, a lower rate of increase. Aligning with a Paris- compatible emissions trajectory requires the EV stock share to exceed 90% by 2050. share of electric HDVs. In the Baseline 2025 scenario, the projected EV stock share for HDVs reaches only 23% by 2050, only slightly higher than the Baseline 2021 scenario with the Ambitious scenario, however, requires a substantially higher share of 82%. Much like the ambition gap for sales, the discrepancy in the stock share illustrates the trajectory aligned with the Paris Agreement. THE INTERNATIONAL COUNCIL ON CLEAN TRANSPORTATION THEICCT.ORG