Fleet Electrification Calculator
Compare total cost of ownership between ICE and EV fleet vehicles.
TCO Savings (EV vs ICE)
$155,935.00
Payback Period
3.6 years
Inputs
$
$
mi
$/gal
mpg
$/kWh
mi/kWh
$
yrs
$
Comparison
ICE Total Cost of Ownership
$804,364.00
EV Total Cost of Ownership
$648,429.00
Annual Operating Savings
$35,117.00
Upfront EV Premium
$125,000.00
Energy Cost Savings
78.5%
ICE Annual Fuel Cost
$34,545.00
EV Annual Energy Cost
$7,429.00
Annual CO2 Reduction
62.8 tons
How to Use This Calculator
- Enter the Number of Vehicles to convert and the price of each ICE and EV vehicle.
- Set Annual Miles per Vehicle and the current Fuel Price ($/gal) and ICE MPG.
- Enter your Electricity Rate ($/kWh), EV Efficiency (mi/kWh), and total Charging Infrastructure cost.
- Set the Comparison Period in years and any Incentives (tax credits) per EV purchased.
- Review EV Fleet Total Cost vs. ICE Fleet Total Cost, Net Savings, and CO2 Reduction in tons.
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