When postforming machining operations are required on high-strength structural components, tool life becomes a costly issue, often requiring external softening via techniques such as laser assistance for press-hardened steel components. Electrically assisted manufacturing (EAM) uses electricity during material removal processes to reduce cutting loads through thermal softening. This paper evaluates the effect of electric current on a drilling process, termed electroplastic drilling, through the metrics of axial force, and workpiece temperature when machining mild low carbon steel (1008CR steel) and an advanced high strength press hardened steel. A design of experiment (DoE) is conducted on 1008CR steel to determine primary process parameter effects; it is found that electricity can reduce cutting loads at the cost of an increased workpiece temperature. The knowledge generated from the DoE is applied to the advanced high strength steel to evaluate cutting force reduction, process time savings, and tool life improvement at elevated feedrates. It is found that force can be reduced by 50% in high feedrates without observing catastrophic tool failure for up to ten cuts, while tool failure occurs in only a single cut for the no-current condition. Finally, the limitations of the developed model in electroplastic drilling are discussed along with future suggestions for industrialization of the method.