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The reduction of fuel consumption in vehicles remains an important target in vehicle development to meet the carbon dioxide emission reduction target. One of the significant consumers of energy in a vehicle is the hydraulic power-assisted steering system (HPS) powered by the engine belt drive. To reduce the energy consumption an electric motor can be used to drive the pump (electro-hydraulic power steering or EHPS). In this work a simulation model was developed and validated to model the energy consumption of the whole steering system. This includes an advanced friction model for the steering rack, a physically modeled steering valve, the hydraulic pump and the electric motor with the control unit. The model is used to investigate the influence of various parameters on the energy consumption for different road situations. The results identified the important parameters influencing the power consumption and showed the potential to reduce the power consumption of the system.