GFEI report suggests $2T savings from fuel economy improvements in ICE vehicles through 2025 can help fund long-term transition to plug-ins Fuel economy improvements from conventional internal combustion engine cars can save an estimated $2 trillion in fuel costs through 2025—and more in years after— according to a new working paper published by the Global Fuel Economy Initiative (GFEI) prepared by Dr. Lew Fulton, Co-Director, NextSTEPS Program at the Institute of Transportation Studies, University of California at Davis. 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 […]