More on the Baumol effect, from @ATabarrok, fascinating graphs showing the rising price of shoes/clothing and car repair, relative to the cost of new shoes/clothing or new cars.pic.twitter.com/9xmUz3Pbiy
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that’s interesting. though thinking of things like new cars and fast cheap fashion it’s rarely a better deal for the environment to constantly be replacing these things. the most environmentally-friendly car is often not a Prius, it’s a used car.
The used car will probably be much lower fuel efficiency, so need to compare the savings from the increased fuel efficiency against the environmental cost of making a new car. Even a modest gain in fuel efficiency will make a big difference over, say, 5 years.
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yes, but the resources needed to produce a new car (esp a hybrid) are pretty significant so takes a looong while to have a positive impact. https://www.scientificamerican.com/article/when-used-cars-are-more-ecofriendly/ … https://www.wired.com/2008/05/the-ultimate-pr/ …
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Those are very interesting estimates of the fixed environmental cost (12% or 28%, depending on which study in that SciAm article you believe) of a new car. Thanks! Nice ballpark for understanding the fuel efficiency / environmental cost tradeoff.
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