Homework Assignment 1:
Using the US DOE Hybrid vehicle cost calculator, compare the lifetime cost of running a hybrid vehicle versus a conventional vehicle of the same size. Each group of four students should select a different vehicle size class. Use current fuel prices, a 10 year vehicle lifetime, and an annual millage of 15,000 miles. Thy hybrid vehicles will save gasoline and, therefore, reduce carbon dioxide emissions. How much would it cost to purchase carbon credits to offset the increased gasoline consumption of a conventional powered car? How would purchasing carbon credits change the economics of running a hybrid versus a conventional car? Please show your work and provide details on your calculations.
Answers to assignment 1: (list names of group members at the beginning of each question)