In News: According to GFEI 2021, the global goal to halve the fuel consumption of new light-duty vehicles by 2030 from 2005 levels is stalling.
The average rated fuel consumption of new light-duty vehicles fell by only 0.9% between 2017 and 2019.
The 3 major car markets – China, the European Union and the US – accounted for 60% of global sales of light-duty vehicles in 2019, which totalled 90 million, down 7% from 2017
A number of factors were responsible for the slowing pace of improvement between 2017 and 2019. These included-
Stagnating fuel economy standards in the US and the EU up to 2019
Market share of SUVs is increased and these cars can use almost one-third more fuel than a medium-sized car
Slow adoption of electric cars to compensate for larger vehicles
About GFEI
The Global Fuel Economy Initiative (GFEI) is collaboration between the UNEP, IEA, the University of California, International Council on Clean Transportation, International Transport Forum and the FIA Foundation.
GFEI promotes fuel efficiency in cars and light duty vans, through the adoption of the cost effective fuel efficiency technologies.
The objective of the GFEI is to help stabilize greenhouse gas emissions from the global light duty vehicle fleet through a 50% improvement of vehicle fuel efficiency worldwide by 2050.
GFEI promotes the introduction of cleaner, more energy efficient vehicles in developing and transitional countries.
It offers support to governments to develop fuel economy policies.
