7.6: Comparing Electric vs Gas Powered Vehicles

7.6: Comparing Electric vs Gas Powered Vehicles

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​Buying Electric

Over the past 10 years, the gas prices in Canada have gone up and down. Look at the following graph showing the changes in gas prices between 2012 and 2018.

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​Electric Car Sales in Canada 2013-2017

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Comparing the graphs, do you think there is a relationship to the cost of gas and the sales of electric cars?

​Gas Vs Electric

• ​It appears that as the cost of gas fluctuates wildly, the sales of electric cars generally increased each year with sales peaking in the Autumn.

• This could be due to more people not wanting to pay higher gas prices.

  Another reason electric car sales may be on the rise could be because people are becoming more aware of the negative effects of fuel emissions on the environment.

​Compare Costs of Owning and Operating Electric vs Gas Powered Car

• ​2018 Volt FWD LT

  • ​$373 bi-weekly

    • Includes $450 total value

    • Includes Sales Tax

    • Schedule: bi-weekly

    • Term: 60 months

    • Rate: 2.49%

    Estimated Amount Financed $45,590

Multiple Choice

If the bi-weekly cost is $373, determine the annual cost of the Volt.

• $808.17

• $10,000

• $9698

• $5000

Multiple Choice

If the annual cost is $9698, determine the monthly cost of the Volt.

• $808.17

• $10,000

• $650

• $5000

​2018 Cruz FWD Sedan LS Automatic

​$174 bi-weekly

• Includes $2450 total value

• Includes Sales Tax

• Schedule: bi-weekly

• Term: 60 months

• Rate: 2.08%

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Estimated Amount Financed $22,651

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Multiple Choice

If the bi-weekly cost is $174, determine the annual cost of the Cruz.

• $4524

• $5500

• $377

• $6700

Multiple Choice

If the annual cost is $4524, determine the monthly cost of the Cruz.

• $4524

• $5500

• $377

• $6700

​Homework

• ​Pick one electric car and one gas powered car that you would like to potentially own.

• ​determine the cost of each car, as well as the insurance rates, fuel consumption, and yearly maintenance costs.