Cheapest and most expensive countries to buy an EV revealed

The UK doesn't feature in either top 10 list.

By: Dominik Wilde

Apr 6, 2020 at 5:00am ET

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According to new research from CompareTheMarket, the UK is the 13th cheapest country in which to buy an EV, placing just outside a top-10 list dominated by European nations.

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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