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GFEI report suggests $2T savings from fuel economy improvements in ICE vehicles through 2025 can help fund long-term transition to plug-ins

Green Car Congress

Plug-in electric vehicles are promising and sales have started, but it will take time to reach very large volumes, and will likely require strong incentives over the coming decade to reach a fully competitive point. The global vehicle fleet is predicted to double by 2050 with 80% of that growth in the developing world.

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UNEP, IEA, ITF and FIA Foundation to Launch Global Fuel Economy Initiative (GFEI)

Green Car Congress

A partnership of the UN Environment Programme (UNEP), the International Energy Agency (IEA), the International Transport Forum (ITF) and FIA Foundation is launching the Global Fuel Economy Initiative (GFEI) at the upcoming Geneva motor show.

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Global Fuel Economy Initiative Releases Roadmap Report on Achieving 50% Fuel Economy Improvement in LDV Fleet by 2050

Green Car Congress

Main additional measures would be full hybridization of a much wider range of vehicles (possibly including, but not requiring, plug-in hybrid vehicle technologies). The International Energy Agency (IEA) has estimated that fuel consumption and emissions of CO 2 from the world’s cars will roughly double between 2000 and 2050.