CCI 2020 Key Visual

LeasePlan’s 2020 Car Cost Index: Electric cars more affordable than ever in Europe

1 min to readLeasePlan Studies
LeasePlan has just released its annual Car Cost Index, a comprehensive analysis that reveals the true cost of owning a car – including fuel, depreciation, taxes, insurance and maintenance – in 18 European countries. The latest analysis shows that mid-size electric vehicles (EVs) are now cost competitive with petrol and diesel cars in the majority of countries surveyed. Portugal in 10th place in the monthly car cost of ownership (with 651€ for petrol vehicles, 672€ for diesel and 686€ for electric vehicles in medium and small segments.
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The good news is that the costs of EVs are coming down and we’re seeing the development of a strong second-hand market for quality used EVs. The bad news is that governments are failing to provide the charging infrastructure necessary to satisfy market demand. National and local policymakers need to step up now and invest in a universal, affordable and sustainable charging infrastructure to enable everyone to make the switch to EV. Supporting the transition to electric mobility is the best investment governments can make – EVs are good for drivers, good for air quality, and one of the most effectives ways to fight climate change.

Tex GunningCEO of LeasePlan

Key findings from LeasePlan’s 2020 Car Cost Index are:

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Published at October 2, 2020
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October 2, 2020
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