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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.
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 ...
The average fuel economy for all vehicles on the road is higher in Europe than the United States because the higher cost of fuel changes consumer behaviour. In the UK, a gallon of gas without tax would cost US$1.97, but with taxes cost US$6.06 in 2005. The average cost in the United States was US$2.61. [21]
Nevertheless, in 2008, the on-road vehicle fleets in the United States and Canada had the lowest overall average fuel economy among first world nations: 25 miles per US gallon (9.4 L/100 km) in North America, versus 45 miles per US gallon (5.2 L/100 km) in the European Union and was even higher in Japan, according to data as of 2008.
Average starting MSRP: $49,000 In Yohana’s professional opinion, the 2025 Mercedes-Benz GLC is a great deal for middle class families looking for a “balance between affordability, practicality ...
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.
EV charging has improved, but there is still a long way to go to convince the average driver. Demand for electric vehicles in the US fell 14% in 2023, according to EY's study. Hybrids are still ...
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 ...