Something remarkable is unfolding in developing countries. From Nepal to Costa Rica, more people are buying electric cars than fossil-fuel vehicles, as battery prices plummet and cheap home-grown EVs come to market. And in China, more electric cars will be sold in the last quarter of this year than the total number of all cars sold in the US. Colin McKerracher, head of transport at BNEF, joins Akshat Rathi on Zero to unpack these trends, and what they mean for global oil demand.

Explore more:
BNEF’s EV Outlook 
Articles by Colin McKerracher 
The Whole World Is Switching to EVs Faster Than You
Nigeria's Solar Gamble Forces Millions in Lagos to Unplug From Dirty Generators - Bloomberg

Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Eleanor Harrison Dengate, Siobhan Wagner, Sommer Saadi and Mohsis Andam. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit https://www.bloomberg.com/green.

Something remarkable is unfolding in developing countries. From Nepal to Costa Rica, more people are buying electric cars than fossil-fuel vehicles, as battery prices plummet and cheap home-grown EVs come to market. And in China, more electric cars will be sold in the last quarter of this year than the total number of all cars sold in the US. Colin McKerracher, head of transport at BNEF, joins Akshat Rathi on Zero to unpack these trends, and what they mean for global oil demand.
Explore more:
<ul>
<li aria-level="1">BNEF&rsquo;s&nbsp;<a href="https://about.bnef.com/insights/clean-transport/electric-vehicle-outlook/">EV Outlook</a>&nbsp;</li>
<li aria-level="1">Articles by <a href="https://www.bloomberg.com/authors/AQm2VBtBz0Y/colin-mckerracher">Colin McKerracher</a>&nbsp;</li>
<li aria-level="1"><a href="https://www.bloomberg.com/opinion/articles/2025-08-10/the-whole-world-is-switching-to-evs-faster-than-you">The Whole World Is Switching to EVs Faster Than You</a></li>
<li aria-level="1"><a href="https://www.bloomberg.com/news/features/2023-11-06/nigeria-s-solar-gamble-forces-millions-in-lagos-to-unplug-from-dirty-generators">Nigeria's Solar Gamble Forces Millions in Lagos to Unplug From Dirty Generators - Bloomberg</a></li>
</ul>
Zero is a production of Bloomberg Green. Our producer is Oscar Boyd. Special thanks to Eleanor Harrison Dengate, Siobhan Wagner, Sommer Saadi and Mohsis Andam. Thoughts or suggestions? Email us at zeropod@bloomberg.net. For more coverage of climate change and solutions, visit <a href="https://www.bloomberg.com/green">https://www.bloomberg.com/green</a>.

Zero is about the tactics and technologies taking us to a world of zero emissions. Each week Bloomberg’s award-winning reporter Akshat Rathi talks to the people tackling climate change – a venture capitalist hunting for the best cleantech investment, scientists starting companies, politicians who have successfully created climate laws, and CEOs who have completely transformed their businesses. The road to zero emissions has many paths and everyone’s got an opinion about the best route. Listen in.

Zero: The Climate Race

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The extraordinary rise of electric cars in developing countries

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/e86ddd8d-7f8a-4d69-870d-b36200eaddc4/transcript

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