Please provide an accurate step by step calculation for the same. Also please ensure that the numerical calculations are 100% accurate. Kindly write all assumptions clearly.

Final answer tip: Ethanol incentive should be more cost competitive.

I have asked this question multiple times on this platform but unfortunately, the calculations had a lot of errors in them.

PLEASE PROVIDE A COMPLETE ACCURATE STEP BY STEP CALC FOR THE QUESTION BELOW Through improvements in process efficiency and crop production, life cycle GHG emissions for ethanol produced from feed corn and feed wheat have been reduced to 52g/MJ, compared to 95g/MU(2,300g/L) for gasoline (Argonne National taboratory, 2022). The government wants to encourage emissions reductions for automobile transportation, and has two policy options: (i) provide a $5,000 incentive to people to buy electric cars (-S0\% GHG emitsions reduction based on Canada's electricity grid, with a target = 20 of new cars sold will be electric by 2025 , per the April 2022 budget). (ii) provide a 15 cent/L incentive to ethanol producers, while increasing the ethanol blend mandate from 5 vols to 15 volW (which can be run in all vehicles made after 2001). Which incentive/policy would be most cost effective for reducing GHG emissions in 2025 (in terms of absolute cost and $/ tonne of CO2 abated) assuming? Annual "gasoline" consumption in Canada = 43 billion liters Average annual driving distance =16,000km Annual automobile sales =1.5 million Average lifeupan of a new car =12 years Average annual fuel consumption per automoblle =1,200 liters Through improvements in process efficiency and crop production, life cycle GHG emissions for ethanol produced from feed corn and feed wheat have been reduced to 52g/MJ, compared to 95g/MJ(2,300g/L) for gasoline [Argonne National Laboratory, 2022]. The government wants to encourage emissions reductions for automobile transportation, and has two policy options: (i) provide a $5,000 incentive to people to buy electric cars ( 50% GHG emissions reduction based on Canada's electricity grid, with a target =20% of new cars sold will be electric by 2025 , per the April 2022 budget), (ii) provide a 15cent/L incentive to ethanol producers, while increasing the ethanol blend mandate from 5 vol\% to 15 vol\% (which can be run in all vehicles made after 2001). Which incentive/policy would be most cost effective for reducing GHG emissions in 2025 (in terms of absolute cost and $/ tonne of CO2 abated) assuming: Annual "gasoline" consumption in Canada =43 billion liters Average annual driving distance =16,000km Annual automobile sales =1.5 million Average lifespan of a new car=12 years Average annual fuel consumption per automobile =1,200 liters PLEASE PROVIDE A COMPLETE ACCURATE STEP BY STEP CALC FOR THE QUESTION BELOW Through improvements in process efficiency and crop production, life cycle GHG emissions for ethanol produced from feed corn and feed wheat have been reduced to 52g/MJ, compared to 95g/MU(2,300g/L) for gasoline (Argonne National taboratory, 2022). The government wants to encourage emissions reductions for automobile transportation, and has two policy options: (i) provide a $5,000 incentive to people to buy electric cars (-S0\% GHG emitsions reduction based on Canada's electricity grid, with a target = 20 of new cars sold will be electric by 2025 , per the April 2022 budget). (ii) provide a 15 cent/L incentive to ethanol producers, while increasing the ethanol blend mandate from 5 vols to 15 volW (which can be run in all vehicles made after 2001). Which incentive/policy would be most cost effective for reducing GHG emissions in 2025 (in terms of absolute cost and $/ tonne of CO2 abated) assuming? Annual "gasoline" consumption in Canada = 43 billion liters Average annual driving distance =16,000km Annual automobile sales =1.5 million Average lifeupan of a new car =12 years Average annual fuel consumption per automoblle =1,200 liters Through improvements in process efficiency and crop production, life cycle GHG emissions for ethanol produced from feed corn and feed wheat have been reduced to 52g/MJ, compared to 95g/MJ(2,300g/L) for gasoline [Argonne National Laboratory, 2022]. The government wants to encourage emissions reductions for automobile transportation, and has two policy options: (i) provide a $5,000 incentive to people to buy electric cars ( 50% GHG emissions reduction based on Canada's electricity grid, with a target =20% of new cars sold will be electric by 2025 , per the April 2022 budget), (ii) provide a 15cent/L incentive to ethanol producers, while increasing the ethanol blend mandate from 5 vol\% to 15 vol\% (which can be run in all vehicles made after 2001). Which incentive/policy would be most cost effective for reducing GHG emissions in 2025 (in terms of absolute cost and $/ tonne of CO2 abated) assuming: Annual "gasoline" consumption in Canada =43 billion liters Average annual driving distance =16,000km Annual automobile sales =1.5 million Average lifespan of a new car=12 years Average annual fuel consumption per automobile =1,200 liters