Remove Cost Of Remove Fleet Remove Plug-in Remove The Fia Foundation
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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

The GFEI, a partnership of international agencies and top energy policy experts, suggests that these cost savings could in part be used to help offset the costs of developing a global market for electric vehicles over this time frame, since the savings are estimated to be at least four times bigger than these costs.

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

Green Car Congress

The technologies required to improve the efficiency of new cars 30% by 2020 and 50% by 2030, and the efficiency of the global car fleet 50% by 2050, mainly involve incremental change to conventional internal combustion engines and drive systems, along with weight reduction and better aerodynamics, the partnership says.