The Electrification Epicenter
6.2 million square feet of working space in the heart of America.
Learn MoreTCO Calculator
$52,500 | Initial cost |
Years owned | |
Mileage per year | |
Electric Cost Per kWh, $ 1 | |
$1040 | Fuel cost 2 |
$360 | Maintenance cost 3 |
($7,500) | Federal tax credit 4 |
Local tax credit 5 | |
Number of vehicles | |
|
|
$56,200.00 | TOTAL |
FORD F-150 LARIAT 4WD
$51,775 | Initial cost |
5 | Years owned |
20,000 | Mileage per year |
Price per gallon, $ 6 | |
$3671.43 | Fuel cost 7 |
$1080 | Maintenance cost 8 |
N/A | Federal tax credit |
N/A | Local tax credit |
1 | Number of vehicles |
|
|
$82,819.44 | TOTAL |
($27,059.44) | DIFFERENCE |
* Operating Costs are meant to be a guideline for the advantages of using electric vehicles. Other factors such as depreciation, local sales tax, tires, unforeseen repairs and financing options affect the total cost of ownership of a vehicle.
1 To find the average cost per kWh in your state, visit https://www.chooseenergy.com/electricity-rates-by-state/
2 Fuel cost calculated by taking total mileage per year multiplied by kWh used per mile by the Endurance (0.4 kWh/mile) to get yearly kWh used. Yearly kWh used was then multiplied by cost per kWh
3 Internal Data
4 Source: https://www.irs.gov/businesses/plug-in-electric-vehicle-credit-irc-30-and-irc-30d
5 For info on local tax credits available to you, visit https://afdc.energy.gov/laws/search
6 National average for gallon of gas - $2.57 per gallon as of 12/09/19, per AAA
7 Fuel costs per year calculated by taking average miles per gallon of Ford F-150 Lariat 4WD (18 MPGs) and dividing by mileage per year to get total gallons per year. Total gallons per year were then multiplied by the price for gallon
8 Maintenance costs determined by Edmunds True Cost to Own®. Source: https://www.edmunds.com/tco.html