EV Fleet Conversion Calculator
Analyze the cost of converting a vehicle fleet to electric. Compare total costs, savings, and CO2 reduction over your analysis period.
EV Fleet Total Cost
$1,233,000.00
ICE Fleet Total Cost
$1,572,713.00
Net Savings (EV)
$339,713.00
Inputs
Comparison
CO₂ Reduction
786.2 tons
Estimated CO₂ emissions avoided by switching to EVs.
Fleet Total Cost Comparison
How to Use This Calculator
- Enter Fleet Size (number of vehicles to convert) and Average Miles per Day.
- Set EV Cost per Vehicle and ICE Cost per Vehicle (after incentives).
- Enter the Analysis Period in years for a multi-year TCO comparison.
- Review EV Fleet Total Cost vs. ICE Fleet Total Cost, Net Savings, and CO2 Reduction in tons.
How the result changes with Fleet Size
| Fleet Size | EV Fleet Total Cost | ICE Fleet Total Cost | Net Savings (EV) |
|---|---|---|---|
| 101 | $6,226,650.00 | $7,942,199.00 | $1,715,549.00 |
| 351 | $21,639,150.00 | $27,601,108.00 | $5,961,958.00 |
| 650 | $40,072,500.00 | $51,113,164.00 | $11,040,664.00 |
| 900 | $55,485,000.00 | $70,772,073.00 | $15,287,073.00 |
What each input means
- Fleet Size
- Number of vehicles in the fleet.
- Avg Miles per Day
- Average daily miles driven per vehicle.
- EV Cost per Vehicle
- Purchase price of each EV (after incentives).
- ICE Cost per Vehicle
- Purchase price of each comparable gas/diesel vehicle.
- Analysis Period
- Number of years to project costs.
What each result means
- EV Fleet Total Cost
- Total EV fleet cost including purchase, fuel, and maintenance.
- ICE Fleet Total Cost
- Total gas/diesel fleet cost over the same period.
- Net Savings (EV)
- Cost advantage of EV fleet (negative = ICE is cheaper).
- CO₂ Reduction
- Estimated CO₂ emissions avoided by switching to EVs.
How this is calculated
Worked example, using the default values
- Identify Input Parameters4 parametersFleet Size = 20, Avg Miles per Day = 80, EV Cost per Vehicle = 48000, ICE Cost per Vehicle = 38000 = 5 input(s) provided
- Calculate EV Fleet Total CostEV Fleet Total Cost1233000 = $1,233,000
- Calculate ICE Fleet Total CostICE Fleet Total Cost1572713 = $1,572,713
- Calculate Net SavingsNet Savings339713 = $339,713
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