The U.S. is actually on the cheaper side, but not the cheapest.
According to new research from CompareTheMarket, the U.S. is the 7th cheapest country in which to buy an EV, placing within the top-10 list dominated mostly by European nations.
Spain emerged as the nation with the cheapest average EV price, ahead of French overseas territory Réunion, Portugal, and Poland. Japan completed the top five, ahead of EV-friendly Norway, the US, Canada, France, and Ireland
The cheapest countries to buy an EV
Country
Cost
GBP
EUR
USD
1
Spain
€25,900
£22,015
€25,900
$28,620
2
Réunion
€26,000
£22,100
€26,000
$28,730
3
Portugal
€26,880
£22,848
€26,880
$29,702
4
Poland
118,000 zł
£23,600
€27,848
$30,680
5
Japan
¥3,326,400
£23,617
€27,869
$30,703
6
Norway
287,900 kr
£24,184
€28,537
$31,439
7
United States
$31,600
£24,332
€28,712
$31,600
8
Canada
$42,298
£24,533
€28,949
$31,893
9
France
€29,400
£24,990
€29,400
$32,487
10
Republic of Ireland
€29,890
£25,407
€29,890
$33,028
At the other end of the spectrum Singapore was clearly the nation with the most expensive average EV cost, the city state’s high taxes on high-value cars making the average EV cost there over £35,000 more than Thailand, which was closest to it on the list. Argentina was the third most expensive, ahead of Taiwan and Malaysia.
The most expensive countries to buy an EV
Country
Cost
GBP
EUR
USD
49
Singapore
$148,888
£84,866
€100,142
$110,326
48
Thailand
฿1,990,000
£49,750
€58,705
$64,675
47
Argentina
$61,600
£47,432
€55,970
$61,600
46
Taiwan
NT$1,490,000
£38,740
€45,713
$50,362
45
Malaysia
RM188,888
£35,889
€42,349
$46,655
44
Israel
₪159,990
£35,198
€41,533
$45,757
43
Brazil
R$195,000
£35,100
€41,418
$45,630
42
Costa Rica
$42,500
£32,725
€38,616
$42,500
41
Finland
€38,200
£32,470
€38,200
$42,211
40
Sweden
397,000 kr
£31,760
€37,477
$41,288
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