The results generated by the calculator are based on the information and assumptions provided by the user and should be regarded as estimates.
The bank does not guarantee the accuracy, completeness, or reliability thereof and accepts no liability for any decisions or actions taken based on these results.
*Source: https://advocacy.consumerreports.org/wp-content/uploads/2020/10/EV-Ownership-Cost-Final-Report-1.pdf.
**The calculated avoided CO₂ emissions are based on emission factors from the International Energy Agency (IEA) Emissions Factors 2024 – using the latest available data on the electricity mix for 2023: https://www.iea.org/data-and-statistics/data-product/emissions-factors-2024.
The number of the equivalent growing trees is calculated using the methodology of the U.S. Environmental Protection Agency (EPA) Greenhouse Gas Equivalencies Calculator.
https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator
The results are indicative and intended to illustrate the potential impact of using an electric vehicle under the specified parameters.