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The Global EV Index from comparethemarket.com looked at the price of the Nissan Leaf and how much it cost yo buy in different countries around the globe.

The United States is the seventh cheapest place to purchase an EV. Meanwhile, Spain is the cheapest country, while Singapore is the most expensive.

Here are the results (Currency in USD):

10 cheapest countries to purchase an EV:
  1. Spain - $28,620
  2. Réunion - $28,730
  3. Portugal - $29,702
  4. Poland - $30,680
  5. Japan - $30,703
  6. Norway - $31,439
  7. United States - $31,600
  8. Canada - $31,893
  9. France - $32,487
  10. Republic of Ireland - $33,028
10 most expensive countries to purchase an EV:
  1. Singapore - $110,326
  2. Thailand - $64,675
  3. Argentina - $61,600
  4. Taiwan - $50,362
  5. Malaysia - $46,655
  6. Israel - $45,757
  7. Brazil - $45,630
  8. Costa Rica - $42,500
  9. Finland - $42,211
  10. Sweden - $41,288
 

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OMG! Almost 4 times more expensive in Singapore than Spain? How can that even work?
Singapore limits the total amount of cars by issuing permits called "Certificates of Entitlement (COE)"

Here's why cars are so pricey in Singapore.

Prospective buyers have to first bid for a COE before they are allowed to purchase a car. It isn't cheap: the last tender for COE bids for a mid-sized sedan came out at S$41,600 (US$30,600).

Additional taxes are slapped on top of that, which means that these costs add up to more than the open market value of the car itself. The average cost of a compact car in 2017 has been reported to be about S$105,929 (US$77,670).

It's part of the government's plan for a "car-lite" Singapore, as limited space challenges city planners.


 
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