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Variable or running costs are those that depend on the use of the car, like fuel or tolls. [7] Compared to other popular modes of passenger transportation, especially buses or trains, the car has a relatively high cost per passenger-distance traveled. [8] For the average car owner, depreciation constitutes about half the cost of running a car. [9]
This is around 1 ⁄ 5 (20%) of what is needed to power a standard upright bicycle without aerodynamic cladding at same speed, and 1 ⁄ 50 (2%) of that which is consumed by an average fossil fuel or electric car (the velomobile efficiency corresponds to 4700 miles per US gallon, 2000 km/L, or 0.05 L/100 km). [22]
Of the annual running costs of a car for an average person, 70–75% [9] are fixed costs (with respect to distance travelled): a 10% increase or decrease in usage should result in a 2.5–3% increase or decrease in annual running costs. Some of the annual running costs of a car, which are important in the economics of ownership, concern the ...
If you pay $4 per gallon of gas and your car gets 20 mpg, you’ll spend $2,000 on gas over the course of 10,000 miles. But if your car gets 25 mpg, it would cost $1,600 to cover the same mileage ...
Some drivers will pay nearly $100 for every 200 miles traveled. Even as fuel prices drop, hitting the open road in a luxury or sports car isn't cheap. Some drivers will pay nearly $100 for every ...
For most Americans, car ownership requires a lot more than plunking down your money and flooring it. Owning and operating a new vehicle reportedly costs drivers an average of around $11,000 ...
Fuel consumption monitor from a 2006 Honda Airwave.The displayed fuel economy is 18.1 km/L (5.5 L/100 km; 43 mpg ‑US). A Briggs and Stratton Flyer from 1916. Originally an experiment in creating a fuel-saving automobile in the United States, the vehicle weighed only 135 lb (61.2 kg) and was an adaptation of a small gasoline engine originally designed to power a bicycle.
The cost of owning a car has risen 39% since 2020, according to a new report from the Navy Federal Credit Union. That's due in large part to the rapidly rising prices of both new and used cars, as...