Why Drive Electric
Benefits to Drivers
Calculating Cost of Ownership (5 years)*
What is vehicle Total Cost of Ownership (TCO)?
The purchase price of an asset plus the costs of operation. When choosing among alternatives in a car-buying decision, buyers should look not just at an item’s short-term price, which is its purchase price, but also at its long-term price, which is its total cost of ownership.
|2015 Ford Focus|
|2015 Chevy Volt|
|2015 Honda Civic|
|Home Charging Station||$1,150||0||0|
|2nd Drive Incentive||($900)||($900)||0|
|Maintenance & Repairs||$5,070||$5,647||$6,224|
*Example based on 2020 average fuel and energy costs; 15k annual miles of driving. Actual costs will vary.
**Insurance costs are comparable across models. Actual insurance cost varies considerably based on vehicle safety features, driving record, garaging and annual mileage.