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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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ITF study finds limited environmental and safety impacts of car fleet renewal schemes in US, France and Germany

Green Car Congress

Cost-effectiveness of the fleet renewal schemes analysed from the perspective of CO 2 and. Further, the study suggests that seeking CO 2 reduction ahead of pollution or safety improvements in the design of the schemes leads to decreased cost-effectiveness and lower overall societal benefit. Cost-effectiveness. Click to enlarge.

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

Green Car Congress

Vehicle technology is changing rapidly and more cost-effective technologies are likely to emerge in coming years, increasing the potential and/or lowering costs further, the partners suggest. This would also depend on the provision by the electricity sector of low-CO 2 electricity.

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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

The GFEI report notes that while achieving the targeted reduction in fuel consumption should have “ relatively small ” costs, it notes that consumers are unlikely to demand a 50% improvement in fuel economy without government intervention and pro-active industry action. Vehicle taxes and incentives.