Virginia Regulatory Town Hall
Department of General Services
Guidance Document Information
Title Guidance Document for Total Cost of Ownership (TCO)
Document ID DGS TCO
Summary Chapter 789 of the 2022 Acts of Assembly requires that, with certain exceptions, all agencies of the Commonwealth use a total cost of ownership (TCO) calculator prior to purchasing or leasing a light-duty vehicle beginning January 1, 2023. The required TCO calculator is located on the DGS/Office of Fleet Management Services’ (OFMS) website ( under the Resources tab. For the purpose of this requirement, a light-duty vehicle is defined as a vehicle with a curb weight of less than 14,000 pounds. The TCO calculator compares the total cost to purchase, own, lease, and operate a light-duty internal combustion-engine (ICE) vehicle versus a comparable electric vehicle (EV). Agencies are required to purchase the less expensive of the two vehicles unless they are granted an exemption from DGS.
Effective Date 12/22/2022
pdf View document text     Posted On 3/6/2024                 Document on Town Hall
Explanation or Citations Chapter 789 of the 2022 Acts of Assembly

This document applies to all boards for this agency
Public Comment Forums / Change History
Proposed Change Register Date Status
New Guidance Document - Procedures for using the TCO calculator and requesting exemptions to the requirement to purchase electric vehicles. 11/21/2022 Forum ended on 12/21/2022 with 0 Comments.

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