Transportation Cost and Benefit Analysis II – Vehicle Costs
Victoria Transport Policy Institute
9 February 2009 www.vtpi.org/tca/tca0501.pdf
5.1.4 Cost Trends and Future Uncertainty
Real (inflation-admusted) automobile costs declined between 1970 and 1985, but havetended to increased since 1985. Fuel prices are expected to incease in the long-run due torising demand and declining production (called
), as discussed in Chapter 11.
5.1.5 Automobile Cost Estimates
Table 5.1.5-1 Automobile Cost Estimate Summary Table – Selected Sources
Cost Value 2007 USD
NCTR (2008) –
Shift in Household TransportationSpending
Marginal cost savings inUSA from a shift to transitfrom private automobiles in2006.Annual cost to householdsper additional vehicleaveraged about $3,500 and$0.20 per mile.Annual cost peradditional vehicleaveraged about$3,600 and $0.21per mile.AAA –
2008 Vehicle Cost
EstimatesFixed and variable costs forvarious types of vehicles inthe US for the first fiveyears of operation.Average cost per mile for amedium sedan ranges from$0.47 to $0.72 per mile and$7190 to $9369 per yeardepending on distancedriven.Original is in 2007USDCAA –
2007 Driving Costs
An estimate of the cost of operating specific vehiclesfor the first four years inCanada.Cost per kilometer for a2.2L sedan range from$0.36 to $0.72
.USD $0.54 to $1.08
Barnes & Langworthy(2004).
Per Mile Costs of Operating Automobiles and Trucks
Cost estimates for passengercars, light trucks andcommercial trucksPer mile: Automobiles -$0.17, Light trucks $0.22,Commercial Trucks $0.49.Costs reported in2007 USD
US Consumer ExpenditureSurvey 2004
Reports actual expendituresof the actual vehicle fleet,not just newer vehicles.Average cost per mile was$0.26 and the average per-vehicle cost was $4,532Costs reported in2007 USD
Transport Canada Full-Cost Investigation project
Analyzes the costs forvehicles by age class inCanada in 2000. Shows howcosts and distance traveleddecline with vehicle age.Average cost per km rangesfrom $0.26 to $0.40.Average is $0.32 ($0.51 permile).Average cost per kmranges from $0.24 to$0.37. Average is$0.30 ($0.48 permile).
This table summarizes cost estimates of various studies. Results vary depending on the analysis perspective, including the types of costs and vehicles considered.. Detailed descriptions of eachcost estimate study are discussed in this chapter.
S. Donovan, et al. (2008),
Managing Transport Challenges When Oil Prices Rise
, Research Report 357,New Zealand Transport Agency (www.ltsa.govt.nz); atwww.ltsa.govt.nz/research/reports/357.pdf .