Saturday, 16 April 2016

Quick Note: Cost of Carbon

Yesterday I went for a couple of bike rides and I put them into a new app I got.  It follows my route and it calculates my speed and it also calculates the greenhouse gas savings I made, I assume based on regular single occupancy car travel.  According to the app I saved about 12 kg of carbon in 46 km of travel.  That is like 250g of carbon per km travelled.  It brings me back to my idea that the true cost of fossil fuel usage is the cost of using the fuel and the cost of removing the carbon from the environment.  Research on Wikipedia says that CO2 removal costs about 60 cents a kg and a liter of gasoline produces 2.3 kg of CO2, so therefore the cost of gasoline should be a minimum of a $1.38 a liter more than you pay for it.  Diesel produces 2.65 kg of CO2, so it it should cost $1.59 more a liter.  If a liter of gas/diesel cost $3, how fast would people call for more fuel efficient automobiles?  According to the Internet people spend about $22,000USD.  That translates to about 31,000 liters of gas.  So the real cost of a car is a lot more.  Here it is: the average cost of a car in Canada is $25,000.  Add 31,000 liters of gasoline at $1.25+$1.38 for carbon removal, is $81,500. Total $106,500 before maintenance costs.  That is assuming a fuel efficient non hybrid car.  A hybrid is more fuel efficient, get 50mpg as compared to 35mpg with an efficient car, so a hybrid costs $57,000 in cost of gasoline or about $82,000.  Electric cars have a approximate equivalent of 100mpg cost, more if it uses renewable electricity, hydro, wind, geothermal, some solar, dropping the fuel cost down to $28,500 with carbon removal costs.  The Tesla 3 costing about $35,000, so it has a cost of about $63,500 with carbon removal.  If your state or province produces clean power, like Ontario, the cost would drop to only the price tag price, $35000 plus the cost of the electricity to run it, about 4 cents a mile, about $4000.  

That is the point isn't it?  The cost of a car in its life is the true cost of a car.  Would you buy a car for 

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