AEP Ohio Helps Car Buyers Compare Total Cost of Ownership for EV and Traditional Vehicles

Gahanna, OH, April 9, 2019 – AEP Ohio today launched an online tool to help car buyers compare the total cost of owning and operating electric vehicles (EV) with that of a traditional gasoline- or diesel-powered vehicle.

Research conducted by Enervee reveals that 84% of consumers would buy an EV if they could see that it was cheaper to operate and no more expensive than a traditional gas or diesel vehicle. AEPOhioCars.com provides consumers with an easy way to see the cost breakdown of purchasing and powering a new vehicle.

“As more customers consider making the switch to an electric vehicle, AEP Ohio wanted to provide a tool that helps them understand the total cost of owning an EV compared to a vehicle with a traditional engine,” said Julie Volpe Walker, AEP Ohio energy efficiency program manager. “With the lower cost to operate, EVs often offer a lower cost of ownership over five years.”

Anyone can access the site at http://aepohiocars.com and compare current EV and internal combustion vehicles. The tool shows users the current manufacturer suggested retail purchase price, cost to power each vehicle and any available rebates for the models selected. Customers can take this complete picture into account when making their purchasing decision.

Customers can personalize the annual fuel cost estimates by entering their commute information, annual miles driven and the gasoline and electric charging rates they pay. AEP Ohio’s average residential electricity rate is already factored in, but customers who have selected an alternate electric supplier can customize their experience.

Beyond cost, AEPOhioCars.com also allows customers to see at a glance which EVs have battery capacity that can readily cover their daily commute. The platform also provides a map of public EV charging stations in the nearby area.

AEPOhioCars.com is powered by Enervee®. In addition to the cost estimates described above, the platform also features the Enervee Score® for Cars on every model. The closer the Enervee Score® is to 100, the lower the fuel costs and pollutant emissions – and the better the choice when compared to all other cars of the same performance. AEP Ohio Cars complements the AEP Ohio Marketplace, empowering customers to choose energy efficient appliances, electronics, and lighting products.