Economics of car use
The costs of car usage, which may include the cost of: acquiring the vehicle, repairs and auto maintenance, fuel, depreciation, driving time, parking fees, taxes, and insurance,5 are weighed against the cost of the alternatives, and the value of the benefits ? perceived and real ? of vehicle usage. The benefits may include on-demand transportation, mobility, independence and convenience.7 During the 1920s, cars had another benefit: "couples finally had a way to head off on unchaperoned dates, plus they had a private space to snuggle up close at the end of the night."48
Similarly the costs to society of encompassing car use, which may include those of: maintaining roads, land use, air pollution, road congestion, public health, health care, and of disposing of the vehicle at the end of its life, can be balanced against the value of the benefits to society that car use generates. The societal benefits may include: economy benefits, such as job and wealth creation, of car production and maintenance, transportation provision, society wellbeing derived from leisure and travel opportunities, and revenue generation from the tax opportunities. The ability for humans to move flexibly from place to place has far-reaching implications for the nature of societies.8
What determines car insurance?
As you know, every car owner is obliged to insure your car. The fee, which you need to bring in this respect, however, is dependent on many factors. First of all, a key criterion in this regard is the model and brand of the insured car. This is the value of the car depends on the amount of possible compensation. It is also important that in which he was made our car and how many kilometers is already on the meter. It is known that with the number of kilometers traveled risk of defects is increasing. Nevertheless, important in this regard is how old is the owner of the car, because the amount of insurance premium depends on the metric of the holder of the car.
History of Automotive industry
The automotive industry began in the 1890s with hundreds of manufacturers that pioneered the horseless carriage. For many decades, the United States led the world in total automobile production. In 1929 before the Great Depression, the world had 32,028,500 automobiles in use, and the U.S. automobile industry produced over 90% of them. At that time the U.S. had one car per 4.87 persons.3 After World War II, the U.S. produced about 75 percent of world's auto production. In 1980, the U.S. was overtaken by Japan and became world's leader again in 1994. In 2006, Japan narrowly passed the U.S. in production and held this rank until 2009, when China took the top spot with 13.8 million units. With 19.3 million units manufactured in 2012, China almost doubled the U.S. production, with 10.3 million units, while Japan was in third place with 9.9 million units.4 From 1970 (140 models) over 1998 (260 models) to 2012 (684 models), the number of automobile models in the U.S. has grown exponentially.5