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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

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.