Study reveals EV costs around the world

Study reveals EV costs around the world

The U.S. was the fourth cheapest country in the study at a cost of $26,403.48.

With 10 million electric vehicles being driven around the world, a new study has looked at the most expensive places around the world to buy an EV, with Singapore the most costly and Spain the cheapest. The U.S. was fourth cheapest at a cost of $26,403.48.

The study looked at the price of buying the cheapest currently available model of the Nissan Leaf (one of the most widely available electric vehicles) across 53 countries, to identify how the cost of buying an electric car stacks up across the globe. You can view the research in full here.

The 10 cheapest countries to buy an EV (Nissan Leaf)

RankCountryCost
1Spain$23,518.83
2Malta$23,855.71
3Norway$25,355.73
4United States$26,403.48
5Japan$28,199.26
6Denmark$28,586.53
7Canada$29,239.06
8Poland$30,117.05
9France$30,126.34
10Puerto Rico$31,115.74

The 10 most expensive countries to buy an EV (Nissan Leaf)

RankCountryCost
1Singapore$138,635.53
2Argentina$64,479.51
3Thailand$57,934.34
4Philippines$53,227.39
5Taiwan$51,471.41
6Brazil$49,113.29
7Indonesia$44,126.50
8Mexico$44,046.92
9New Zealand$42,678.20
10Croatia$42,233.90

Further findings highlighted:

  • The top three cheapest countries to buy an EV are all in Europe (Spain, Malta, and Norway).
  • Spain is currently the cheapest place to buy an EV, at £17,733, due to a government subsidy plan to encourage sales. Similarly; the second cheapest place, Malta, also has a government grant in place.
  • Buying a Nissan Leaf in Singapore costs an astonishing £104,530, while buying an EV in the second most expensive country, Argentina, is over half the price.
  • A new Nissan Leaf purchased in the UK costs £25,995, £78,535 less than Singapore, the most expensive country.

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