Station cars are electric vehicles available at transit stations which may be used for transportation between the transit station and home, work, and/or for errands. This transportation service would be provided by the local transit agency. This report discusses an economic model of the costs of running a station car fleet. While some of these costs are highly uncertain, this analysis is a first look at the required user fees for full cost recovery. The model considers the capital costs of the vehicles and the required infrastructure; the annual fixed vehicle costs for insurance, registration, etc.; the mileage-based costs; and the annual non-vehicle costs for administration, infrastructure maintenance, etc. The model also includes various factors such as the fleet size, the annual mileage, the number of transit stations that would have facilities for station cars, and the number of users. The model specifically examines the cost of using of electric vehicles; however, for comparison, the cost of using a fleet of gasoline-powered vehicles also is calculated. This report examines the sensitivity of the model to the various factors. A principal conclusion from the analysis is that the largest cost contributor is the initial vehicle purchase price. For a given initial purchase price, the factor driving the user fee required for full cost recovery is the number of different daily users of a vehicle. The model also compares the annual cost of transportation using station cars and mass transit to the annual cost of solo commuting. If a station car is used by more than one person a day, and this use replaces the ownership of a conventional vehicle, the annual cost of transportation may be similar. However, for the base case assumptions, the station car user fee required for full cost recovery is higher than the cost of solo commuting.