Externalities
2019-12-18 01:08:07.799803+01 by Dan Lyke 0 comments
From 2008: Quantifying the External Costs of Vehicle Use: Evidence From America's Top-Selling Light-Duty Models notes that it skips over a whole heck of a lot of external costs that aren't directly tied to per-mile vehicle travel, and comes up with:
Using a sales weighted average over vehicle makes and model, our estimates for these five costs are about $0.236 per VMT.
So adjusted for CPI that's closer to $.29/mile, the paper admits it's not a comprehensive list, but when we look at what gas and use taxes pay for as a fraction of auto infrastructure, this gives a good ballpark that gas taxes should be somewhere on the order of $6-7/gallon higher than they are.