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Analysis finds annual running cost of EVs less than ICE; but with purchase price factored in, it flips

Green Car Congress

Self Financial, a fintech company, has compared the running costs of electric and non-electric vehicles in each state. Across the US the average annual cost of running an electric vehicle is $2,721.96, while gasoline vehicles cost an average of $3,355.90 per year to run—a difference of $633.94

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Pencil-Necked Finance Dweebs Suggest Anyone Making Six-Figures Should Only Buy a $15,000 Car

The Truth About Cars

In order to reach this out-of-touch conclusion, the killjoys at Investopedia start with an assumption that one should limit their transportation expenses to 10 percent of an annual salary, including insurance, fuel, maintenance, and the car payment itself. per month (about 10 cents per mile). Simple math leaves is with $330.50

Financing 101
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UK launching £400M vehicle charging infrastructure fund; putting extra £100M to support for buying EVs

Green Car Congress

Among the elements in the budget are the launch of a new £400-million (US$530-million) Charging Investment Infrastructure Fund and the provision of an extra £100 million (US$133 million) towards helping people buy battery-electric cars. The money will come from a temporary rise in Company Car Tax and Vehicle Excise Duty on new diesel cars.

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Massachusetts Governor Proposes $0.19 Increase in State Fuel Tax to Support Transportation Projects

Green Car Congress

As part of a comprehensive reform plan to simplify the Commonwealth of Massachusetts’ transportation system, Governor Deval Patrick is proposing a fuel tax increase of $0.19 The increased fuel tax is intended to be in lieu of an increase in tolls. Future increases in the state fuel tax would follow the Consumer Price Index.

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MIT study finds fuel economy standards are 6-14 times less cost effective than fuel tax for reducing gasoline use

Green Car Congress

In a study published in the journal Energy Economics , MIT researchers have found that a fuel economy standard is at least six to fourteen times less cost effective than a fuel tax when targeting an identical reduction in cumulative gasoline use (20% by 2050).

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Tesla Model 3 price cuts puts new car cheaper than some used Model 3s

Teslarati

The Tesla Model 3 price cuts have put the cost of a new base Tesla Model 3 lower than that of some used Tesla Model 3s in some cities. The Model 3 has already become cheaper to buy than ever before in the U.S. Wild, Tesla has made buying a new Model 3 cheaper than buying one used. due to the recent price cuts.

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Belfer Center report calls for policymakers to begin taking steps to change policies for funding US transportation infrastructure

Green Car Congress

The US has up to now adhered to the user-fee principle in financing transportation infrastructure—i.e., users pay for the construction and maintenance of roads via a federal fuel tax. The demand for new roads and the cost of expanding and maintaining the transportation system have increased with population and economic growth.