Research: Greece is the cheapest country for electric car

Greece is the cheapest country for using an electric car, according to a survey of LeasePlan’s annual Car Cost Index. This research shows that the cost of using an EV is lower than the cost of using a car with an internal combustion engine (ICE).

At the same time, the cost of using cars with diesel engines in Greece is the lowest among the 22 European countries surveyed, with Poland being the country with the lowest cost of using cars with petrol engines.

Read also: Tesla Model 3 turned things upside down in Greece

Also, Greece is the most economical country for driving a car, as it has the lowest total monthly usage costs, €743 on average, compared to other countries. Switzerland is more expensive with total monthly usage costs being €1,138 on average. Electric cars in the D1 category are competitive in terms of cost in 16 European countries and in the D2 category in 17 countries.

The Car Cost Index is a comprehensive analysis that reveals the true cost of using a car – including fuel costs, depreciation, taxes, insurance coverage and maintenance costs – in 22 European countries: Austria, Belgium, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Ireland, Italy, the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Slovakia, Luxembourg, Poland, Romania and the United Kingdom.

In the 2021 Car Cost Index, the cost is calculated on average over the first four years of use and requires 30,000 kilometers of driving per year. The “competitive cost” is defined for the purposes of the Index as: Electric vehicles that are no more than 5% more expensive than their internal combustion counterparts.

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