1. What is the Alternative Fuel Vehicle Cost Calculator?

This calculator helps estimate the total cost of ownership for alternative fuel vehicles (electric, hybrid, hydrogen, etc.) by considering purchase price and ongoing expenses.

2. How Does the Calculator Work?

The calculator uses the simple formula:

Where:

• \( \text{Purchase} \) — Vehicle purchase price
• \( \text{Fuel} \) — Estimated lifetime fuel/electricity costs
• \( \text{Maintenance} \) — Estimated maintenance costs
• \( \text{Insurance} \) — Estimated insurance costs

Explanation: This comprehensive calculation helps compare total ownership costs between conventional and alternative fuel vehicles.

3. Importance of Total Cost Calculation

Details: While alternative fuel vehicles often have higher purchase prices, they typically have lower fuel and maintenance costs, making total cost comparisons essential.

4. Using the Calculator

Tips: Enter all costs in dollars. Research typical fuel, maintenance, and insurance costs for your specific vehicle type and driving habits.

5. Frequently Asked Questions (FAQ)

Q1: What counts as an alternative fuel vehicle?
A: Electric vehicles (EVs), plug-in hybrids (PHEVs), hydrogen fuel cell vehicles, and vehicles running on biofuels or natural gas.

Q2: How accurate are these estimates?
A: Estimates depend on the accuracy of your inputs. Actual costs may vary based on driving habits, location, and market conditions.

Q3: Should I include tax credits?
A: Yes, you can reduce the purchase price by any applicable tax credits or rebates for alternative fuel vehicles.

Q4: What about resale value?
A: This calculator shows total costs, not net costs. For net cost, subtract estimated resale value from total cost.

Q5: How do I estimate fuel costs?
A: Multiply estimated annual miles by cost per mile (electricity cost per kWh or alternative fuel cost per unit).