2019 Mileage Rate: Are You Ready for a Massive Increase in Mileage Reimbursements?

What is the IRS mileage rate for 2019? On December 14, 2018, the Internal Revenue Service (IRS) issued its annual guidance on the business mileage reimbursement rate[1] effective January 1, 2019. With a suggested rate increase from 54.5 to 58 cents per mile year over year (representing a 6.4% increase), the 2019 IRS mileage rate is the highest per mile...

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Read “Assessment of Fuel Economy Technologies for Light-Duty Vehicles” at NAP.edu

TABLE 2.3 Average Characteristics of Light-Duty Vehicles for Four Model Years   1975 1987 1998 2008 Adjusted fuel economy (mpg) 13.1 22 20.1 20.8 Weight 4,060 3,220 3,744 4,117 Horsepower 137 118 171 222 0 to 60 acceleration time (sec) 14.1 13.1 10.9 9.6 Power/weight (hp/ton) 67.5 73.3 91.3 107.9 SOURCE: EPA (2008). These assumptions are very important. It is...

READ MORE Read “Assessment of Fuel Economy Technologies for Light-Duty Vehicles” at NAP.edu