Personal vehicles US

This document contains preliminary numbers for economic data for US personal vehicles.

Bold font rows are the final datapoints.

We assume that all internal combustion engine cars can be seen as equal and that there is a overlap in the data points between internal combustion engine cars and electric cars unless otherwise stated.

The values are good approximations, but they may still be subject to change. For some cost data points we have assumed that the uncertainty in the data itself balances out potential inflation effects on the cost, hence we present the the cost in the currency as presented in the source.

Asset Metrics

Table 1

*Converted from miles to kilometer
†Converted from mile * year to kilometer * year

A number in parentheses represents the row in question

$\displaystyle ‡\frac{(2) \times (5)}{(4)}$

$\displaystyle §\text{Product of } (2), (0)$

$\displaystyle ¶\text{Product of } (3), (0)$

**Rounded to the nearest whole

References

[1]: The Federal Highway Administration 
 https://www.fhwa.dot.gov/ohim/onh00/bar8.htm
[2]: Auto Body Repair Shop 
 https://cascadecollision.com/blog/what-is-the-average-life-of-a-car/

CAPEX

Table 2

* Average over all types of cars, where we assume the majority is internal combustion engine cars

References

[1]: Content and information website related to cars, trucks, and other vehicles. 
 https://mediaroom.kbb.com/2022-09-12-New-Vehicle-Prices-Increase-for-Fifth-Straight-Month,-Set-Record-Again-in-August,-According-to-Kelley-Blue-Book

OPEX

Table 3

* Average of all of the above
†Converted from USD / mile to USD / kilometer

A number in parentheses represents the row in question

$\displaystyle ‡\text{Sum of } (1), (3)$

$\displaystyle §\text{Sum of } (0), (2)$

¶Rounded to the nearest ten
**Rounded to the nearest hundredth

References

[1]: AAAs Your Driving Costs 
 https://newsroom.aaa.com/wp-content/uploads/2020/12/Your-Driving-Costs-2020-Fact-Sheet-FINAL-12-9-20-2.pdf
[2]: Website of data-backed decisions about financial products 
 https://www.valuepenguin.com/how-having-electric-car-affects-your-auto-insurance-rates
[3]: See Appendix 1
[4]: See Appendix 2
[5]: Office of energy efficiency & renewable energy 
 https://www.energy.gov/eere/vehicles/articles/fotw-1190-june-14-2021-battery-electric-vehicles-have-lower-scheduled

Externalities

The noise cost of cars is the societal costs (health care etc.) due to the noise produced.

We assume that electric cars produce no noise.

Accident costs is the societal costs and can includes productivity losses, medical expenses, vehicle damage, etc.

Table 4

* We assume that the uncertainty in the data point neglects potential inflation effects
†Converted from USD / km to USD / mile
‡Converted from USD / mile to USD / kilometer
§Rounded to the nearest thousandth
¶Rounded to the nearest hundredth

References

[1]: Transportation Cost and Benefit Analysis II  Noise Costs, Victoria Transport Policy Institute 
 https://www.energy.gov/eere/vehicles/articles/fotw-1190-june-14-2021-battery-electric-vehicles-have-lower-scheduled
[2]: See Appendix 3

Appendix

Appendix 1

* Average of all of the above

References

[1]: Financial guidance website 
 https://www.bankrate.com/insurance/car/average-cost-of-car-insurance/#car-insurance-cost-by-state

Appendix 2

* Average of all of the above

References

[1]: Electric vehicle marketplace 
 https://www.myev.com/research/interesting-finds/states-that-charge-extra-fees-to-own-an-electric-vehicle

Appendix 3

* We implicitly assume that all crashes happens an equal amount of times, which is a simplification

A number in parentheses represents the row in question

$\displaystyle †\text{Average of } (0), (1), (2), (3), (4), (5)$

$\displaystyle ‡\frac{(7) \times (8)}{(6)}$

References

[1]: National Safety Council, Injury facts 
 https://injuryfacts.nsc.org/all-injuries/costs/guide-to-calculating-costs/data-details/
[2]: Federal Highway Administration, Annual vehicle distance traveled in miles and related data  
 https://www.fhwa.dot.gov/policyinformation/statistics/2019/pdf/vm1.pdf
[3]: Law firm website 
 https://www.ddlawtampa.com/resources/car-accident-statistics-you-need-to-know-in-2021/