Fuel economy state of the world 2016: time for global action

Worldwide, the vehicle fleet is not making enough progress on fuel economy and is failing to reach global targets aimed at reducing CO2 emissions, cutting oil consumption and improving energy efficiency according to a new report from the Global Fuel Economy Initiative (GFEI) (earlier post) released at the Paris COP21 Climate Summit. The new report shows that while fuel economy is improving in OECD countries, progress is still below the rate needed to hit global targets by 2030. Meanwhile, developing countries—where vehicles markets are set to grow massively—are failing to make any substantial improvements in fuel economy, and are way off target as measured by the GFEI. The GFEI targets—which are reflected in the new global Sustainable Development Goals—include a 50% reduction in l/100km by 2030 in all new cars worldwide.The new study—Fuel Economy, State of the World 2016: Time for Global Action—shows that across both OECD and non-OECD 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.