The private and social monetary costs and the energy consumption of a car. An estimate for seven cars with different vehicle technologies on sale in Italy
AbstractThis paper estimates the total private and social cost of seven cars (the gasoline VW Polo, the diesel Ford Fiesta, the CNG Fiat Punto Evo Natural Power, the LPG Alfa Romeo MiTo, the Hybrid Toyota Yaris, the BEV with leased-battery Renault Zoe and the BEV Peugeot iOn.), making use of the Italian data with reference to the vehicles’ purchase and maintenance costs, fuel and electricity costs, energy mix, pollution and noise costs. Among the selected cars, the diesel Ford Fiesta currently performs best from the private and social cost as well as energy consumption point of view. From the social point of view, both the Toyota Yaris (Hybrid) and the Alfa R. MiTo (bi-fuel LPG) perform as well as the BEVs, and the absolute difference with the conventional fuel cars is quite small. A scenario analysis is also performed to evaluate how the cars’ ranking is affected by how many years a car is kept, by how many kilometers per year a car is driven, by the subsidies enacted by the Italian government, by an increase in the price of fuel and by a decrease in the price of the batteries.
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Bibliographic InfoPaper provided by SIET Società Italiana di Economia dei Trasporti e della Logistica in its series Working Papers with number 1301.
Date of creation: 2013
Date of revision: 2013
This paper has been announced in the following NEP Reports:
- NEP-ALL-2013-05-11 (All new papers)
- NEP-ENE-2013-05-11 (Energy Economics)
- NEP-EUR-2013-05-11 (Microeconomic European Issues)
- NEP-TRE-2013-05-11 (Transport Economics)
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