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The document analyzes the external costs associated with vehicle use in the U.S., focusing on emissions, crash costs, congestion, and land consumption for top-selling light-duty vehicles. It estimates that pickups impose the highest external costs due to their significant crash impacts. The study highlights disparities in social costs across different vehicle types and suggests that current federal regulations do not adequately address these externalities. The authors advocate for policies that internalize these costs to promote more efficient vehicle choices and reduce overall societal expenses.

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What are the external costs of transportation?

By paying for fuel or a ticket, transport users assume a share of the costs that they cause. There are other costs, however. Although these are caused by mobility, they are not reflected in its price. These are known as external costs, and they are environmental and accident and health-related in nature.

How is external cost calculated?

MSC = MPC + MEC. The marginal external cost (MEC) is the cost of an additional unit of output that is incurred by someone other than the producer (or the sum of these costs if several others are affected). The marginal social cost is the sum of the MEC and the marginal private cost to the producer: MSC = MEC + MPC.

What are the 7 main costs of vehicle ownership?

The total cost of owning and operating an automobile include fuel, Maintenance, Tires, insurance, license, registration and taxes, depreciation, and finance.

What are the external costs of driving cars?

ing to Harvard University, the main externalities of driving are local and global pollution, oil dependence, traffic congestion and traffic collisions; while ing to a meta-study conducted by the Delft University these externalities are congestion and scarcity costs, accident costs, air pollution costs,

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