Make high fuel economy a top priority in your next auto purchase.
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Description
If you are in the market for a new vehicle, make the fuel economy (miles per gallon) a top consideration in deciding which vehicle to purchase. Regardless of the type of fuel the vehicle consumes (regular gasoline, diesel, ethanol, etc), high fuel economy gets you the most miles for the lowest fuel volume. Calculate the annual fuel cost given your planned driving patterns, and consider the money saved each year from buying fuel in comparison to the purchase price of various vehicles. Even though a vehicle may cost more upfront, you may save more in the long run on fuel.Tags
- fuel economy
- individual
- once
- purchase
- transportation
- travel
- vehicle
- year round
Assumptions We Made
Assume switching from a vehicle with average 20 miles per gallon to one with 25 miles per gallon, US average vehicle miles traveled of 12,000 miles per year. Upfront cost uncertain - could be $0 or savings (e.g., compact car cheaper than SUV), but selected $2,000 as different between comparable vehicles with wide range in fuel economy (e.g., Camry versus hybrid Camry). Assume you keep your car for 8 years before replacingImpacts
Initial Impacts
Each time you carry out this action, the immediate impacts are:
- Costs 2000.00 dollars
Ongoing Impacts
Some actions also have additional impact over time. For this action, these are:
- Saves 420.40 dollars per year
- Saves 120.17 gallons of fuel per year
- Saves 2641.85 lbs of CO2 per year
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