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Although new vehicle transaction prices are trending down slightly in 2023, the average is sitting at a high $48,275, up 3.7% or $1,744 year-over-year (YoY) for April.
Battery-powered cars accounted for a record 7.6% of all car sales in 2023, according to Kelley Blue Book, up from 5.9% in 2022. ... several EVs have been engineered to drive about as far as a gas ...
Theoretically, more oil and gas production in the U.S. would push gasoline prices down, which could lead to a rise in sales of gas-powered cars. The effect could be similar to a change in EV ...
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 ...
The harmonic mean captures the fuel economy of driving each car in the fleet for the same number of miles, while the arithmetic mean captures the fuel economy of driving each car using the same amount of gas (i.e., the 13 mpg vehicle would travel 13 miles (21 km) with one gallon while the 100 mpg vehicle would travel 100 miles).
As the economy continues to improve, Americans are hitting dealer showrooms once again in search of new cars and trucks. With average gas prices hovering just shy of a lofty $3 a gallon, it would ...
The tax incentives that are the result of the Energy Policy Act of 2005 are offered to make pricier, but more environmentally friendly vehicles more appealing. Because the process of manufacturing many low emission vehicles (LEV), for example, a hybrid engine, is more technology intensive, and therefore more expensive, than the process of ...
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 ...
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