Average sub-compact car total costs of ownership in the Nordics by fuel type 2022

Published by
Mathilde Carlier,
Mar 21, 2024
In 2022, the average total cost of ownership (TCO) for sub-compact petrol cars was the highest in Norway, at 1,073 euros, and the lowest in Sweden, at 877 euros. In addition, for battery-electric vehicles (BEV) in this segment, driving was the most expensive in Sweden and the cheapest in Finland compared to other Nordic countries.

Average sub-compact car total cost of ownership in selected Nordic countries in 2022, by fuel type (in euros)

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Source

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Release date

December 2022

Region

Denmark, Finland, Norway, Sweden

Survey time period

2022

Special properties

includes both cars and sport-utility vehicles.

Supplementary notes

Diesel models in the sub-compact (B1 & SUV-B1) segment are not available in Norway and Sweden, which explains the gap in data. Iceland was not surveyed by the source.

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.

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