The global vehicle fleet is failing to reach fuel economy targets aimed at reducing CO2 emissions and cutting oil consumption, according to a new report from the Global Fuel Economy Initiative (GFEI) released at the Paris COP21 Climate Summit. While fuel economy is improving in OECD countries, progress is still below the rate needed to hit global targets by 2030. Meanwhile, developing countries, which are poised for massive growth in their vehicle markets, are failing to make any substantial improvements. The new study, Fuel Economy, State of the World 2016: Time for Global Action, shows that overall performance is below the 3.1% eight years improvement needed to reach the GFEI target of halving fuel consumption in passenger light-duty vehicles by 2030.
The global vehicle fleet is failing to reach fuel economy targets aimed at reducing CO2 emissions and cutting oil consumption, according to a new report from the Global Fuel Economy Initiative (GFEI) released at the Paris COP21 Climate Summit. While fuel economy is improving in OECD countries, progress is still below the rate needed to hit global targets by 2030. Meanwhile, developing countries, which are poised for massive growth in their vehicle markets, are failing to make any substantial improvements. The new study, Fuel Economy, State of the World 2016: Time for Global Action, shows that overall performance is below the 3.1% annual improvement needed to reach the GFEI target of halving fuel consumption in passenger light-duty vehicles by 2030.