We investigate the environmental impacts of on-board (based on alternating current, AC) and off-board (based on direct current, DC) charging concepts for electric vehicles using Life Cycle Assessment and considering a maximum charging power of 22 kW (AC) and 50 kW (DC). Our results show that the manufacturing of chargers provokes the highest contribution to environmental impacts of the production phase. Within the chargers, the filters could be identified as main polluters for all power levels. When comparing the results on a system level, the DC system causes less environmental impact than the AC system in all impact categories. In our diffusion scenarios for electric vehicles, annual emission reductions of up to 35 million kg CO2-eq. could be achieved when the DC system is used instead of the AC system. In addition to the environmental assessment, we examine economic effects. Here, we find annual savings of up to 8.5 million euros, when the DC system is used instead of the AC system.