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Fuels & Lubricants Magazine

Issue No. 3, October 2018

Issue No. 3, October 2018

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FUELS CORNER<br />

Global Initiatives:<br />

Assessing Current & Future<br />

Global Initiatives<br />

on <strong>Fuels</strong> & Vehicles<br />

The highlights from the “Global Initiatives:<br />

Assessing Current and Future Global Initiatives<br />

on <strong>Fuels</strong> and Vehicles,” by the <strong>Fuels</strong> Institute.<br />

Tammy Klein<br />

tammy@futurefuelstrategies.com<br />

The market for fuels and<br />

vehicles is increasingly global<br />

and understanding what is<br />

happening around the world<br />

can enhance long-term strategic<br />

planning.<br />

The market for fuels and vehicles is increasingly<br />

global and understanding what is happening around<br />

the world can enhance long-term strategic planning. As<br />

automakers increasingly seek to harmonize their vehicle<br />

production plans and governments seek best practices<br />

to achieve their specific objectives, regulations that may<br />

seem distant to some markets can still have significant<br />

influence. For markets that have not yet acted to address<br />

these issues, it may only be a matter of time before<br />

regulators will likely look to other nations for ideas.<br />

That’s one of the key themes behind “Global Initiatives:<br />

Assessing Current and Future Global Initiatives on <strong>Fuels</strong><br />

and Vehicles,” released by the <strong>Fuels</strong> Institute.<br />

By 2040, the world population is expected to expand<br />

nearly 25% to 9.1 billion and the global car fleet is<br />

expected to double. With such extraordinary growth on<br />

the horizon, it is not surprising governments around the<br />

world are increasingly announcing and/or implementing<br />

initiatives to tighten fuel economy and emissions<br />

standards, set zero emission vehicle targets, mandate<br />

more blending of biofuels, ban or otherwise limit driving<br />

30 <strong>Fuels</strong>&<strong>Lubricants</strong> No. 3 OCTOBER 2018

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