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LeasePlan has just released its annual Car Cost Index, with the latest analysis showing that electric vehicles (EVs) are now more cost competitive than ever in several European countries.

In 2019, EVs are fully cost competitive compared to vehicles with internal combustion engines (ICEs) in Norway and the Netherlands.

In almost all other countries analysed, the price gap between driving an EV and a diesel or petrol car has narrowed. If this trend continues, EVs will also reach cost competitiveness in countries such as the UK and Denmark in the near future.

LeasePlan’s Car Cost Index is a comprehensive analysis of the costs of driving a small to medium-size car (B&C segment) in 18 European countries. It factors in all costs that motorists incur in each country, including fuel, depreciation, taxes, insurance and maintenance.

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