Oct 27, 2011
For fleets looking to see whether alternative fuels are right for their budget or just deciding on new vehicles, a powerful new online tool should make the choice a little bit easier.
The U.S. Department of Energy’s Office of Energy Efficiency and Renewable Energy has released new vehicle cost calculator on its website and a related widget that allows users to compare emissions and the lifetime operating costs of different conventional vehicles and alternative fuel methods.
The calculator allows users to enter information for existing vehicles or for a “custom vehicle,” where they can input their own vehicle data, and compare that with either other existing vehicles or custom vehicles. Along with data about driving habits, the program gives users the cost-per-mile for operating the vehicle, annual fuel used, annual electricity used (for EVs), a combined annual cost for using electricity and fuel (for plug-in hybrids, for example), and annual CO2 emissions.
The report also shows a graph that charts the annual cost of ownership by year, including fuel, tires, maintenance, registration, license fees, insurance, and a loan payment.
You can try out the cost calculator for yourself by clicking here.
Photo courtesy of David Beyer and re-used under the Creative Commons license.