Basic knowledge - Public costs
The external costs of automobiles, as similarly other economic externalities, are the measurable costs for other parties except the car proprietor, such costs not being taken into account when the proprietor opts to drive their car. According to the Harvard University,11 the main externalities of driving are local and global pollution, oil dependence, traffic congestion and traffic accidents; while according to a meta-study conducted by the Delft University12 these externalities are congestion and scarcity costs, accident costs, air pollution costs, noise costs, climate change costs, costs for nature and landscape, costs for water pollution, costs for soil pollution and costs of energy dependency. The existence of the car allows on-demand travel, given, that the necessary infrastructure is in place. This infrastructure represents a monetary cost, but also cost in terms of common assets that are difficult to represent monetarily, such as land use and air pollution.
Auto after the renovation - is it worth to invest in such a car?
More and more people are interested in really ancient models of cars. There is no shortage connoisseurs of such cars among the real car fans, but also a person not associated in any way with passion about cars or other vehicles also willing to peek at these cars. The car after renovation will attract the eyes of everyone in the vicinity. There is no doubt that this is a very good way to stand out in the environment around us. Although often these cars are very expensive and driving them is quite uneconomical, you can also treat it as an investment. It is true that we have obtained through this investment a quick profit, but in the long term we really expect lots of money - if not for us, if only for our children and grandchildren.
About automotive industry
The automotive industry is a wide range of companies and organizations involved in the design, development, manufacturing, marketing, and selling of motor vehicles.1 It is one of the world's most important economic sectors by revenue. The automotive industry does not include industries dedicated to the maintenance of automobiles following delivery to the end-user, such as automobile repair shops and motor fuel filling stations.
The term automotive was created from Greek autos (self), and Latin motivus (of motion) to represent any form of self-powered vehicle. This term was proposed by SAE member Elmer Sperry