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.
About this calculator
This calculator builds a total-cost-of-ownership comparison between an electric and a gas/diesel fleet using fixed, typical assumptions for fuel efficiency, energy prices, and maintenance cost per mile -- 3.2 mi/kWh for the EV fleet, 22 mpg for the ICE fleet, $0.14/kWh electricity, and $3.50/gallon gas, none of which you can adjust directly. Fleet Size multiplies straight through every cost in both fleet totals, so it has by far the largest effect on both dollar figures, while ICE Cost per Vehicle affects only the ICE Fleet Total Cost and has no bearing on the EV Fleet Total Cost at all -- the two fleets' purchase-price inputs are completely independent of each other. Each fleet's total combines its purchase price with its projected fuel and maintenance costs over the Analysis Period, so a longer analysis period gives ongoing operating-cost differences more time to accumulate against the two fleets' different upfront prices.
Net Savings is simply the ICE total minus the EV total, so a positive number favors the EV fleet and a negative number favors sticking with gas or diesel. CO2 Reduction uses fixed emissions factors per mile for each fuel type -- it is a planning estimate reflecting typical grid and internal-combustion emissions, not a location-specific calculation using your actual local electricity grid mix.
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.
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) |
|---|---|---|---|
| 10 | $616,500.00 | $786,356.00 | $169,856.00 |
| 15 | $924,750.00 | $1,179,535.00 | $254,785.00 |
| 30 | $1,849,500.00 | $2,359,069.00 | $509,569.00 |
| 50 | $3,082,500.00 | $3,931,782.00 | $849,282.00 |
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
Engine last updated . Checked against 2 independently-derived tests — how we verify calculators. Built by Paul Gunder, a software engineer, not a licensed financial, medical, or legal professional.
Frequently Asked Questions
Why does Fleet Size have such a large effect on both totals?
Because Fleet Size multiplies straight through every other cost -- purchase price, fuel, and maintenance -- for both the EV and ICE fleet totals, so doubling your fleet size roughly doubles both total cost figures. It is the single input with the largest effect on the dollar amounts this calculator produces.
Does ICE Cost per Vehicle affect the EV Fleet Total Cost at all?
No -- the two fleets' purchase-price inputs are completely independent. ICE Cost per Vehicle only feeds into ICE Fleet Total Cost, and EV Cost per Vehicle only feeds into EV Fleet Total Cost; changing one never moves the other fleet's total, since they represent two entirely separate purchasing decisions being compared side by side.
Why does a longer Analysis Period usually favor the EV fleet?
Because EVs in this model have both lower fuel cost per mile ($0.14/kWh at 3.2 mi/kWh) and lower maintenance cost per mile than the ICE assumption ($3.50/gal at 22 mpg with higher per-mile maintenance), so the EV fleet's ongoing operating cost advantage compounds with every additional year in the Analysis Period, working against its typically higher upfront purchase price.
Are the fuel efficiency and price assumptions something I can change?
No -- this calculator uses fixed, typical assumptions (3.2 mi/kWh and $0.14/kWh for the EV fleet, 22 mpg and $3.50/gallon for the ICE fleet, plus fixed per-mile maintenance rates for each) rather than exposing them as adjustable inputs. Treat the resulting comparison as a general planning estimate, and recalculate manually if your local electricity rate, fuel price, or fleet's actual efficiency differ meaningfully from these assumptions.
How is the CO2 Reduction figure calculated?
It multiplies the difference between a fixed ICE emissions factor (0.89 lbs CO2 per mile, consistent with a 22 mpg gasoline vehicle) and a fixed EV grid-average factor (0.35 lbs CO2 per mile) by your fleet's total annual mileage and the Analysis Period. It reflects a typical national grid mix, not your specific utility's actual generation mix, which can be substantially cleaner or dirtier than the national average.
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