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The environmental implications of converting vehicles powered by Internal Combustion Engines (ICE) to battery powered and hybrid battery/ICE powered are evaluated for the case of Chile, one of the worldwide leaders in the production of lithium (Li) required for manufacturing of Li-ion batteries. The economic and environmental metrics were evaluated by techno-economic analysis (TEA) and Life Cycle Assessment (LCA) tools - SuperPro Designer and Gabi®/GREET® models. The system boundary includes both the renewable and nonrenewable energy sources available in Chile and well-to-pump energy consumptions and GHG emissions due to Li mining and Li-ion battery manufacturing. All the major input data required for TEA and LCA were generated using Autonomie vehicle modeling software. This study compares economic and environmental indicators of three vehicle models for the case of Chile including compact, mid-size, and a light duty truck.