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  2. IRS mileage rate for business goes up by 1.5 cents for 2024 - AOL

    www.aol.com/irs-mileage-rate-business-goes...

    IRS announces slightly higher mileage rate for 2024 for business use. File photo: Customers pull into Shepherd's Corner in Fraser, Michigan, to fill up with gasoline.

  3. Write off your mileage? The IRS expands the deduction for ...

    www.aol.com/write-off-mileage-irs-expands...

    For the final six months of 2022, 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.

  4. Corporate average fuel economy - Wikipedia

    en.wikipedia.org/wiki/Corporate_average_fuel_economy

    Prices inflation adjusted to 2008 dollars. In 2002, a committee of the National Academy of Sciences wrote a report on the effects of the CAFE standard. [2] The report's conclusions include a finding that in the absence of CAFE, and with no other fuel economy regulation substituted, motor vehicle fuel consumption would have been approximately 14 percent higher than it actually was in 2002.

  5. Mileage Reimbursement Rate for 2025: What To Expect - AOL

    www.aol.com/finance/mileage-reimbursement-rate...

    This mileage rate for business increased by 1.5 cent from 65.5 cents per mile in 2023. Military moving mileage rate: 21 cents per mile (1 cent decrease from 2023). Qualified active-duty Armed ...

  6. Car longevity - Wikipedia

    en.wikipedia.org/wiki/Car_longevity

    Due in part to manufacturing improvements, such as tighter tolerances and better anti-corrosion coatings, in 2012 the typical car was estimated to last for 200,000 miles (320,000 km) [4] with the average car in 2024 lasting 160,545 miles according to the website Junk Car Reaper.

  7. Miles per gallon gasoline equivalent - Wikipedia

    en.wikipedia.org/wiki/Miles_per_gallon_gasoline...

    In the example provided by the US DoE in its final rule, an electric car with an energy consumption of 265 Watt hour per mile in urban driving, and 220 Watt hour per mile in highway driving, results in a petroleum-equivalent fuel economy of 335.24 miles per gallon, based on a driving schedule factor of 55 percent urban, and 45 percent highway ...

  8. Real-world mileage standard for new vehicles rising to 38 mpg ...

    www.aol.com/news/real-world-mileage-standard...

    New vehicles sold in the U.S. will have to average about 38 miles per gallon of gasoline in 2031 in real-world driving, up from about 29 mpg this year, under new federal rules unveiled Friday by ...

  9. Vehicle miles traveled tax - Wikipedia

    en.wikipedia.org/wiki/Vehicle_miles_traveled_tax

    A 2017 study in the Journal of Public Economics found that "a VMT tax designed to increase highway spending $55 billion per year increases annual welfare by $10.5 billion or nearly 20% more than a gasoline tax does because: (1) the differentiated VMT tax is better than the gasoline tax at targeting its tax to and affecting the behavior of those ...