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In 2022, the latest year for which statistics are available, AAA estimated that the annual cost of car ownership was $10,728, up from an average of $9,666 the previous year. This is in line with ...
The Final Word. These four models – the Honda Civic Hybrid, Hyundai IONIQ Hybrid, Ford Fusion Hybrid and Toyota Prius – are excellent options for people in the market for fuel efficiency on a ...
In 2006, AAA worked with the EPA to improve the fuel economy information provided to new car buyers by vehicle manufacturers. Using several different types of tests, AAA recreated real-world driving conditions to illustrate the difference in fuel economy, and the EPA incorporated AAA's testing into their new procedures.
Based on the Department of Energy’s fuel economy calculator, assuming you drive 15,000 miles a year, the Ford F-150 Lightning could save $16,630 on fuel costs over 10 years compared its gas ...
The business mileage reimbursement rate is an optional standard mileage rate used in the United States for purposes of computing the allowable business deduction, for Federal income tax purposes under the Internal Revenue Code, at 26 U.S.C. § 162, for the business use of a vehicle. Under the law, the taxpayer for each year is generally ...
In the worst-case scenario, the study estimated that for a region where all energy is generated from coal, a plug-in electric car would emit greenhouse gas emissions equivalent to a gasoline car rated at a combined city/highway driving fuel economy of 30 mpg ‑US (7.8 L/100 km; 36 mpg ‑imp).
Ford introduces its all-new 2020 Explorer – a complete redesign of America’s all-time best-selling SUV – that now features the broadest model lineup ever, more power and space ...
State Taxes. The United States federal excise tax on gasoline is 18.4 cents per gallon and 24.4 cents per gallon for diesel fuel. [ 1][ 2] Proceeds from the tax partly support the Highway Trust Fund. The federal tax was last raised on October 1, 1993, and is not indexed to inflation, which increased 111% from Oct. 1993 until Dec. 2023.