TCO 2.0 - Please email any issues you encounter to hhyde@rmi.org.

The cost of Plug-in Electric Vehicles (PEVs) has been touted as 'the 800lb gorilla in the room' when it comes to the viable adoption of this new technology. High estimated sticker prices come as a shock to consumers, but what does the total cost of owning a PEV look like? The PGR Calculator allows you to consider the purchase cost (including financing) and the fuel cost of a PEV compared to a Prius or a regular Internal Combustion Engine vehicle over a lifetime of fifteen years. Purchase price and fuel costs are two of the biggest cost drivers, but should be taken as only an estimate of the actual lifetime cost of a vehicle. Consumers should also consider driving habits, maintenance costs, insurance, resale value, and for PEVs- potential battery and charging infrastructure costs.

Learn more about our calculator development methodology and assumptions.
Be sure to read the FAQ as well.

Average Gas Price:	$ /gal
How many miles do you drive per year?	mi
Will you own or lease the car?	Own Lease
How long will you own/lease for?	yrs

Change Units: English

What vehicles would you like to compare?
Select the first vehicle:
Select the second vehicle:

+ Advanced Options +

Average Diesel Price:	$ /gal
Interest Rate:	%
Discount Rate:	%
Electricity Rate:	$/kWh
Include Federal subsidies?	Yes No

Would you buy a faster home charger for a PHEV?	Yes No
Average annual maintenance savings of vehicle 1 over vehicle 2:	$
Percentage value of purchase price of vehicle at end of lifetime:	%
Would you pay extra ($15,000) to convert your hybrid to a plug-in?	Yes No

Choose a driving profile that best suits you (applies to plugins only):
	My trips are almost always short (under 20 miles), and I have a spot to plug in every night.
	Most of my trips are short, but I go 75 miles at least once a month. I can plug in most nights.
	I take trips longer than 75 miles at least once a week, and/or I probably won't plug in every night.