Research about the cost of buy an electric vehicle around the world

Comparethemarket.com has analysed the cost of a Nissan Leaf¹ across 53 countries to reveal the cheapest and most expensive countries to buy an electric vehicle (EV).

There are currently over 10 million electric vehicles (EVs) being driven around the world, with that number steadily rising as drivers become more conscious of their eco-footprint and the charging infrastructure improves. But one factor which may put people off going electric is the common perception that EVs are more expensive than petrol or diesel cars.

Top three cheapest countries to buy an EV are all in Europe (Spain, Malta, and Norway).

Here the ten cheapest countries to buy an EV (Nissan Leaf)

It’s good news for car buyers in Spain, as the country has the cheapest Nissan Leaf entry price, starting at £17,733 – a staggering 39% less than the global average of £29,296. The reason for this bargain price is that Spain has a subsidy scheme to encourage electric car sales, running until 2023. Buyers are entitled to subsidies of up to €7,000 when they buy a new electric vehicle.
Malta is the second-cheapest country with a list price of just under £18,000. Similar to Spain, those looking to buy a new Nissan Leaf in Malta could be given a generous government grant of €12,000.

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

At the other end of the scale, Singapore – where cars are generally more expensive to buy – is revealed as the country where the Nissan Leaf is by far the most expensive, costing an astonishing £104,530. By comparison, a new Nissan Leaf bought in the UK costs £25,995 – that’s £78,535 (302%) cheaper than in Singapore.

A motor spokesperson at comparethemarket.com comments:

As the 2030 deadline for the ban on new petrol and diesel vehicles approaches, motorists are likely beginning to think about making the switch to an electric vehicle when it comes to replacing their current car. Switching to an electric car is becoming more affordable, especially as they are exempt from vehicle tax, and the cost of a charge is lower than paying for fuel.

Methodology & sources

1. All prices are for the cheapest currently available model of the Nissan Leaf in each country, according to the official Nissan website in each country as of 25/10/2021.

Prices listed are the manufacturer’s suggested retail price and other taxes or levies may be applicable.

The list prices only include government incentives if these are applicable to anyone buying an electric vehicle (such as in the UK). In instances where such incentives are dependent on other factors, they are excluded from Nissan’s list price.

Prices were converted to pounds, euros and dollars as of 25/10/2021.

You can view the research in full here: https://www.comparethemarket.com/car-insurance/content/global-ev-index/

Source: comparethemarket.com