[R99]

The Global EV Index from comparethemarket.com looked at the price of the Nissan Leaf and how much it cost yo buy in different countries around the globe.

According to their results, Spain appears to be the cheapest country, while Singapore is the most expensive by a long shot! Meanwhille the United States is the 7th cheapest country for buying an EV.

10 cheapest countries to purchase an EV:

1. Spain - $28,620
2. Réunion - $28,730
3. Portugal - $29,702
4. Poland - $30,680
5. Japan - $30,703
6. Norway - $31,439
7. United States - $31,600
8. Canada - $31,893
9. France - $32,487
10. Republic of Ireland - $33,028

10 most expensive countries to purchase an EV:

1. Singapore - $110,326
2. Thailand - $64,675
3. Argentina - $61,600
4. Taiwan - $50,362
5. Malaysia - $46,655
6. Israel - $45,757
7. Brazil - $45,630
8. Costa Rica - $42,500
9. Finland - $42,211
10. Sweden - $41,288

(Currency in USD)

 

[JimmyEV]

The difference between Singapore and the other countries is staggering! How's that possible?

 

[thrill]

Singapore limits the number of vehicles in the country to what their infrastructure planners say is appropriate. They do so by enforcing a vehicle to have a Certificate of Entitlement which is good for 10 years and is then (re)auctioned off.

 

[St00k]

That Singapore number is crazy.


Anyone know why Spain is so low?

 

[R99]

That Singapore number is crazy.


Anyone know why Spain is so low?

I did a bit of digging and apparently in Spain diesel and gas vehicles are taxed higher than EVs. On top of that the government has put a lot of incentives in place for EVs.

This is from an article that was published in February 2019

The Spanish government has adopted the new edition of its electric mobility subsidy programme. The new package, called MOVES, came into force on 16 February with a budget of 45 million euros. The focus is on promoting electric vehicles and charging infrastructure.

For example, the programme offers subsidies for the purchase of electric vehicles and plug-in hybrids, if a combustion motor vehicle at least ten years old is decommissioned. Then Spain grants 5,500 euros (+ 1,000 euros dealer bonus) for purely electric cars, but their list price may not exceed 48,400 euros.

This limit also applies to plug-in hybrids. They are eligible for grants depending on the electric range, and Spain offers 2,300 euros (up to a zero-emission range of 31.9 km), 3,600 euros (32 to 71.9 km) or 6,500 euros (from 72 km). These figures already include the dealership bonus. However, only a few PHEV models are below the maximum price stipulated in the subsidy programme.

Up to 700 euros are available for electric motorcycles and 15,000 euros for the purchase of trucks and buses with alternative drive systems (including natural gas).
Subsidies are also granted for the development of public and private charging infrastructure, specifically 30 or 40 per cent of eligible costs up to 100,000 euros.

It is down to Spain’s distribution 17 regions (Comunidades autónomas) to coordinate the funding programme. Madrid gave them the mandate that between 20 and 50 per cent of the funds must be invested in the purchase of alternative vehicles and between 30 and 60 per cent in the development of charging infrastructure for electric vehicles. Eligible to apply are individual citizens as well as companies, municipalities and public institutions.