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In March 2022, the Alberta government announced it would suspend the collection of the fuel tax starting April 1, as a way to fight the rising cost of fuel. [19] In December 2023, the Alberta government announced that with lower oil prices, the fuel tax would be phased back in after Dec. 31, 2023. [20]
This includes the resources it takes for exploration, to remove it from the ground, and transport it. Between 2004 and 2008, there was an increase in fuel costs due in large part to a worldwide increase in demand for crude oil. Prices leapt from $35 to $140 per barrel ($220 to $880/m 3), causing a corresponding increase in gas prices. [15]
[11] [12] In 2006, some unofficial current estimates put the total cost of the program to Ontario motorists close to 2 billion dollars. [12] The most recent verifiable figure, $1.1 billion (in 2004), consists of some $435 million in Drive Clean test fees, and about $690 million for repairs to vehicles that failed. [ 13 ]
Using EPA 2018 Fuel Economy Guides assumptions for national average pricing of $2.56/gal regular gasoline and $0.13/kWh [42] we can calculate a vehicle that is rated at 84 MPGe or 40 kW/100 Mi efficiency and has a 16.5 kW EV battery of which 13.5 kWh is usable for electric driving with an advertised range of 33 miles per charge.
Car finance comprises the different financial products which allows someone to acquire a car with any arrangement other than a single lump payment. When used, and for the purpose of assessing the private financial costs, one must consider only the interests paid by the car owner, as some part of the amount the owner pays each month for the finance is already embedded in the depreciations costs.
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A study attempted to quantify the costs of cars (i.e. of car-use and related decisions and activity such as production and transport/infrastructure policy) in conventional currency, finding that the total lifetime cost of cars in Germany is between 0.6 and 1.0 million euros with the share of this cost born by society being between 41% (€4674 ...
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