Background There currently are five types of cars that can be found if you sort them by what powers them (1) Regular gas

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Background There Currently Are Five Types Of Cars That Can Be Found If You Sort Them By What Powers Them 1 Regular Gas 1 (37.46 KiB) Viewed 24 times

Background There currently are five types of cars that can be found if you sort them by what powers them (1) Regular gas or diesel car. (2) A hybrid gas and electric car, (3) A plug-in electric and gas car. (4) A fully electric car, or (5) A hydrogen powered car For this project, let's assume that you are going to compare numbers 1 and 4 , a regular gas car and a fully electric car. In both cases, you are going to buy a new car and make payments (2) 3.2% interest compounded monthly and monthly payments over five years, You have an old car to trade in that's worth about $2000.00 Task: 1 You should compare the final purchase cost, including all taxes and other things. For the electric car you can get money off through the "Scrap-it' program (for your old car), Federal and Provincial rebates and maybe even a dealership rebate. Task 2 Finally, estimate the cost per year to run your car and compare an operating cost of the two vehicles. Assume that you go about 500 km a week for work and pleasure. You also need car insurance. Car repairs may be cheaper on the electric cars since there are less moving parts.