Total cost of car ownership breakdown in Europe 2022

Depreciation costs comprised most of the total costs of car ownership in Europe for all fuel types. While battery-electric vehicles have a higher initial investment, they also have share of lower running costs and the smallest share for energy costs compared to other fuel types, at only 15 percent of total expenses.

Distribution of the total costs of car ownership by fuel and cost type in Europe in 2022

Characteristic	Depreciation	Fuel/Energy	Interest	Repair, maintenance, and tyres	Insurance	Road tax
-	-	-	-	-	-	-
-	-	-	-	-	-	-
-	-	-	-	-	-	-
-	-	-	-	-	-	-

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Release date

December 2022

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Region

Europe

Survey time period

2022

Supplementary notes

The source specifies its index includes different costs involved in car ownership in each country such as energy/fuel, depreciation, tax, interest, insurance and maintenance. The sources uses an annual mileage assumption of 30,000 kilometers, averaging costs over the first four years of ownership.

The datapoints for the share of road tax in the total cost of ownership of battery-electric and plug-in hybrid electric vehicles were calculated by Statista.

Europe refers to 22 European countries: Switzerland, Norway, the Netherlands, Portugal, Czechia, Germany, Belgium, Austria, the United Kingdom, Hungary, Finland, Denmark, Luxembourg, Sweden, Italy, Spain, Ireland, France, Slovakia, Romania, Poland, and Greece.

The breakdown excludes the value added tax.

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