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GAS vs HYBRID
Introduction
I am in search for a new car. Americans are dependent on their cars to get them to school, work, and everywhere else they need to go in the course of their daily lives. Recently, my family car stopped running and I am in the market for a new vehicle.

Please help me decide of a new car that is cost effective to purchase and cost effective to operate. I am debating over a gas or hybrid vehicle. Using the cost of the vehicle, the annual cost of gas, and the annual cost of insurance you will analyze which vehicle you think is the best choice for me.
Supplemental Reading Documents
Benefits and Considerations of Electricity as a Vehicle Fuel
Hybrid Cons: Drawbacks to Know Before Buying
Health Research Funding/Hybrids
Task
Your task is to determine from the information provided which car should I purchase. You must write the equation that would calculate the total cost of ownership (including gas and insurance) per year. Using this information and your algebra skills, you will find the break-even point for the two vehicles. You will then analyze this information to decide which vehicle I should buy for my family.
Process
Step 1 (Purchase Price):
I am interested in purchasing the 2022 Toyota Highlander but uncertain if I should purchase the Gas powered or Hybrid version.
The purchase price of the 2022 Highlander Gas version is $35,205
The purchase price of the 2022 Highlander Hybrid is $38,855
Step 2 (Cost of Gas):
Using the Federal Governments Fuel Economy Website, I determined the annual cost for gas
2022 Highlander - $2,300
2022 Highlander Hybrid - $1,800


Step 3 (Cost of Insurance):
Using Find your car's average insurance rate, I see the annual insurance cost for both cars would cost the same $2,074
With the information from Step 1 – 3 you will be able to write an equation for the total cost of ownership of both vehicles. * Cost of insurance and Cost of gas are what affects the total cost of ownership.
Equation for Total Cost of Ownership: Highlander gas version
Let x represents the number of years since purchase
Let y represents the total cost of ownership
y= _________x + ________

Equation for Total Cost of Ownership: Highlander hybrid version
Let x represents the number of years since purchase
Let y represents the total cost of ownership
y= _________x + ________

Sagot :

emebetbegashaw66

Answer:

Electric vehicles (EVs) are becoming increasingly common, with many manufacturers currently offering models that plug in. Dozens more are expected to hit the market over the next few years.

Although sales of pure electric vehicles and plug-in hybrids account for less than 2 percent of U.S. light vehicle sales currently, there has been increasing interest from car shoppers. In 2010, just 1,919 EVs were sold in the U.S. In 2018, sales hit 233,411. But forecasts for how much of the U.S. auto market EVs could occupy range from 8 to 25 percent by 2025. Stephanie Brinley, an analyst at market research firm IHS Markit, says her prediction sits at the low end.

“If you look at EVs for 2021 and 2022, we’re really at the beginning of this market,” she says. “By 2025, EVs should be about 9 percent of the U.S. market. That’s a huge amount of growth from where we are right now

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