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The business mileage reimbursement rate is an optional standard mileage rate used in the United States for purposes of computing the allowable business deduction, for Federal income tax purposes under the Internal Revenue Code, at 26 U.S.C. § 162, for the business use of a vehicle. Under the law, the taxpayer for each year is generally ...
The program covered model year 2012 to model year 2016 and ultimately required an average fuel economy standard of 35.5 miles per US gallon (6.63 L/100 km; 42.6 mpg ‑imp) in 2016 (of 39 miles per gallon for cars and 30 mpg for trucks), a jump from the 2009 average for all vehicles of 25 miles per gallon. Obama said, "The status quo is no ...
In more recent studies, the average fuel economy for new passenger car in the United States improved from 17 mpg (13.8 L/100 km) in 1978 to more than 22 mpg (10.7 L/100 km) in 1982. [6] The average [a] fuel economy for new 2020 model year cars, light trucks and SUVs in the United States was 25.4 miles per US gallon (9.3 L/100 km).
2021 vehicle weights. ... the fewer miles it gets to the gallon. How are average vehicle weights changing over time? ... The average car weight in 2022 was 4,094 pounds, according to a report from ...
New passenger cars would have to average nearly 49 miles per gallon in 2031 under the new rule, up from about 36.5 miles per gallon this year.
Ford, Chevrolet, Toyota, Honda and Nissan were the top five used car brands purchased in March 2024, accounting for 49% of all used cars sold at an average price of $23,089. This was 9% below the ...
Data are for the year 2021. State Vehicles Vehicles / person Miles / vehicle Mpg
Used Cars: 10 Biggest Winners ... the standard mileage rate for business travel was 62.5 cents per mile, up 4 cents from the rate effective at the start of 2022. ... The average national price hit ...