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Car Costs
The car internal costs are all the costs consumers pay to own and operate a car. Normally these expenditures are divided by fixed or standing costs and variable or running costs. Fixed costs are those ones which do not depend on the distance traveled by the vehicle and which the owner must pay to keep the vehicle ready for use on the road, like insurance or road taxes. Variable or running costs are those that depend on the use of the car, like fuel or tolls. Compared to other popular modes of passenger transportation, especially buses or trains, the car has a relatively high cost per passenger-distance traveled. Motorists in the United Kingdom spend, on average, roughly 1/3 of their average net income to operate a car, while motorists in Portugal spend approximately 1/2 of their net income. For the average car owner, depreciation constitutes about half the cost of running a car. The typical motorist underestimates this fixed cost by a significant margin. The IRS consi ...
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Externality
In economics, an externality or external cost is an indirect cost or benefit to an uninvolved third party that arises as an effect of another party's (or parties') activity. Externalities can be considered as unpriced goods involved in either consumer or producer market transactions. Air pollution from motor vehicles is one example. The cost of air pollution to society is not paid by either the producers or users of motorized transport to the rest of society. Water pollution from mills and factories is another example. All consumers are all made worse off by pollution but are not compensated by the market for this damage. A positive externality is when an individual's consumption in a market increases the well-being of others, but the individual does not charge the third party for the benefit. The third party is essentially getting a free product. An example of this might be the apartment above a bakery receiving the benefit of enjoyment from smelling fresh pastries every morni ...
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Car Depreciation For Several Models
A car or automobile is a motor vehicle with wheels. Most definitions of ''cars'' say that they run primarily on roads, seat one to eight people, have four wheels, and mainly transport people instead of goods. The year 1886 is regarded as the birth year of the car, when German inventor Carl Benz patented his Benz Patent-Motorwagen. Cars became widely available during the 20th century. One of the first cars affordable by the masses was the 1908 Model T, an American car manufactured by the Ford Motor Company. Cars were rapidly adopted in the US, where they replaced animal-drawn carriages and carts. In Europe and other parts of the world, demand for automobiles did not increase until after World War II. The car is considered an essential part of the developed economy. Cars have controls for driving, parking, passenger comfort, and a variety of lights. Over the decades, additional features and controls have been added to vehicles, making them progressively more complex. Th ...
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Tire
A tire (American English) or tyre (British English) is a ring-shaped component that surrounds a wheel's rim to transfer a vehicle's load from the axle through the wheel to the ground and to provide traction on the surface over which the wheel travels. Most tires, such as those for automobiles and bicycles, are pneumatically inflated structures, which also provide a flexible cushion that absorbs shock as the tire rolls over rough features on the surface. Tires provide a footprint, called a contact patch, that is designed to match the weight of the vehicle with the bearing strength of the surface that it rolls over by providing a bearing pressure that will not deform the surface excessively. The materials of modern pneumatic tires are synthetic rubber, natural rubber, fabric, and wire, along with carbon black and other chemical compounds. They consist of a tread and a body. The tread provides traction while the body provides containment for a quantity of compressed a ...
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List Of Auto Parts
This is a list of auto parts, mostly for vehicles using internal combustion engines which are manufacturing, manufactured components of automobiles: Car body and main parts Body components, including trim Vehicle door, Doors Windows Low voltage/auxiliary electrical system and electronics Audio/video devices Cameras Low voltage electrical supply system Gauge (instrument), Gauges and meters Ignition system Automotive lighting, Lighting and signaling system Sensors [speed of meter sensor] * ABS Sensor * BRAKE SENSOR Starting system Electrical switches Wiring harnesses Miscellaneous Interior Floor components and parts *Carpet and rubber and other floor material *Center console (automobile), Center console (front and rear) Other components *Trap (car), Trap (secret compartment) *Roll cage or Exo cage *Dash Panels Car seat *Arm Rest *Bench seat *Bucket seat * Children and baby car seat *Fastener *Head restraint, Head ...
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Energy-efficient Driving
Energy-efficient driving techniques are used by drivers who wish to reduce their fuel consumption, and thus maximize fuel efficiency. The use of these techniques is called "hypermiling". Simple fuel-efficiency techniques can result in reduction in fuel consumption without resorting to radical fuel-saving techniques that can be unlawful and dangerous, such as tailgating larger vehicles. Techniques Maintenance Underinflated tires wear out faster and lose energy to rolling resistance because of tire deformation. The loss for a car is approximately 1.0 percent for every drop in pressure of all four tires. Improper wheel alignment and high engine oil kinematic viscosity also reduce fuel efficiency. Mass and improving aerodynamics Drivers can increase fuel efficiency by minimizing transported mass, i.e. the number of people or the amount of cargo, tools, and equipment carried in the vehicle. Removing common unnecessary accessories such as roof racks, brush guards, wind deflector ...
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Fuel Economy In Automobiles
The fuel economy of an automobile relates distance traveled by a vehicle and the amount of fuel consumed. Consumption can be expressed in terms of volume of fuel to travel a distance, or the distance traveled per unit volume of fuel consumed. Since fuel consumption of vehicles is a significant factor in air pollution, and since importation of motor fuel can be a large part of a nation's foreign trade, many countries impose requirements for fuel economy. Different methods are used to approximate the actual performance of the vehicle. The energy in fuel is required to overcome various losses ( wind resistance, tire drag, and others) encountered while propelling the vehicle, and in providing power to vehicle systems such as ignition or air conditioning. Various strategies can be employed to reduce losses at each of the conversions between the chemical energy in the fuel and the kinetic energy of the vehicle. Driver behavior can affect fuel economy; maneuvers such as sudden acceler ...
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Gasoline And Diesel Usage And Pricing
The usage and pricing of gasoline (or ''petrol'') results from factors such as crude oil prices, processing and distribution costs, local demand, the strength of local currencies, local taxation, and the availability of local sources of gasoline (supply). Since fuels are traded worldwide, the trade prices are similar. The price paid by consumers largely reflects national pricing policy. Most countries impose taxes on gasoline (petrol), which causes air pollution and climate change; whereas a few, such as Venezuela, subsidize the cost. Some country's taxes do not cover all the negative externalities, that is they do not make the polluter pay the full cost. Western countries have among the highest usage rates per person. The largest consumer is the United States.
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Cost Of Capital
In economics and accounting, the cost of capital is the cost of a company's funds (both debt and equity), or from an investor's point of view is "the required rate of return on a portfolio company's existing securities". It is used to evaluate new projects of a company. It is the minimum return that investors expect for providing capital to the company, thus setting a benchmark that a new project has to meet. Basic concept For an investment to be worthwhile, the expected return on capital has to be higher than the cost of capital. Given a number of competing investment opportunities, investors are expected to put their capital to work in order to maximize the return. In other words, the cost of capital is the rate of return that capital could be expected to earn in the best alternative investment of equivalent risk; this is the opportunity cost of capital. If a project is of similar risk to a company's average business activities it is reasonable to use the company's average cos ...
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Vehicle Inspection
Vehicle inspection is a procedure mandated by national or subnational governments in many countries, in which a vehicle is inspected to ensure that it conforms to regulations governing safety, emissions, or both. Inspection can be required at various times, e.g., periodically or on transfer of title to a vehicle. If required periodically, it is often termed periodic motor vehicle inspection; typical intervals are every two years and every year. In some jurisdictions, proof of inspection is required before a vehicle licence or license plate can be issued or renewed. In others, once a vehicle passes inspection, a decal is attached to the windshield, and police can enforce the inspection law by seeing whether the vehicle displays an up-to-date decal. In the case of a vehicle lacking a windshield (e.g., a trailer or motorcycle), the decal is typically attached to the vehicle body. With regard to safety inspection, there has been some controversy over whether it is a cost-effec ...
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CO2 Emission
Greenhouse gas emissions from human activities strengthen the greenhouse effect, contributing to climate change. Most is carbon dioxide from burning fossil fuels: coal, oil, and natural gas. The largest emitters include coal in China and large oil and gas companies, many state-owned by OPEC and Russia. Human-caused emissions have increased atmospheric carbon dioxide by about 50% over pre-industrial levels. The growing levels of emissions have varied, but it was consistent among all greenhouse gases (GHG). Emissions in the 2010s averaged 56 billion tons a year, higher than ever before. Electricity generation and transport are major emitters; the largest single source, according to the United States Environmental Protection Agency, is transportation, accounting for 27% of all USA greenhouse gas emissions. Deforestation and other changes in land use also emit carbon dioxide and methane. The largest source of anthropogenic methane emissions is agriculture, closely followed by ...
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Engine Displacement
Engine displacement is the measure of the cylinder volume swept by all of the pistons of a piston engine, excluding the combustion chambers. It is commonly used as an expression of an engine's size, and by extension as a loose indicator of the power an engine might be capable of producing and the amount of fuel it should be expected to consume. For this reason displacement is one of the measures often used in advertising, as well as regulating, motor vehicles. It is usually expressed using the metric units of cubic centimetres (cc or cm3, equivalent to millilitres) or litres (l or L), orparticularly in the United States cubic inches (CID, cu in, or in3). Definition The overall displacement for a typical reciprocating piston engine is calculated by multiplying together three values; the distance travelled by the piston (the stroke length), the circular area of the cylinder, and the number of cylinders in the whole engine. The formula is: : \text = \text \times \frac \times ...
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Motor Vehicle
A motor vehicle, also known as motorized vehicle or automotive vehicle, is a self-propelled land vehicle, commonly wheeled, that does not operate on rails (such as trains or trams) and is used for the transportation of people or cargo. The vehicle propulsion is provided by an engine or motor, usually an internal combustion engine or an electric motor, or some combination of the two, such as hybrid electric vehicles and plug-in hybrids. For legal purpose, motor vehicles are often identified within a number of vehicle classes including cars, buses, motorcycles, off-road vehicles, light trucks and regular trucks. These classifications vary according to the legal codes of each country. ISO 3833:1977 is the standard for road vehicle types, terms and definitions. Generally, to avoid requiring people with disabilities from having to possess an operator's license to use one, or requiring tags and insurance, powered wheelchairs will be specifically excluded by law from being c ...
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