Quote:
Originally Posted by Captain Awesome
I was reading the story this morning and the number being tossed around is that this will add about $1300 to the cost of every new car.
I remember reading in the past that the guzzler tax is $1000 per car, so hopefully this means some smart auto maker will just ignore these draconian fuel economy standards and simply pay the "guzzler" tax and pass the $300 savings along to the consumers.
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I just some quick math and if they can increase mileage at a cost of $1,300 then you would be able to save that money in fuel costs in under 50,000 miles.
50,000 miles /42 mpg = 1,190 gallons of fuel
50,000 miles /27.5 mpg= 1,818 gallons of fuel
1,818 - 1190 = 628 gallons saved
628 gallons * $2.30 (Current gas price) = $1,444 saved
Granted this is just basic math and doesn't take into account time value of money or the fact that fuel prices could drop down or go back up to $4. But if you assume that a vehicle lasts for 200,000 miles you would save $5,776 in fuel costs if gas stays at $2.30.