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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 paper estimates PEVs to have a total incremental cost close to $500 billion between 2015?2025. per liter ($0.26/gallon

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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

These take into account an improvement in the fuel efficiency of new cars based on existing fuel economy regulations, mainly in OECD countries, with improvements slowing in most regions after 2015. Worldwide, cars currently account for close to half of the transport sector’s fuel consumption and CO 2 emissions.