2024 BYD Han EVTrue Cost of Ownership in Nigeria
469 hp all-electric. Full cost breakdown including import duty (35%), VAT (7.5%), insurance, fuel at ₦0.55/L, maintenance, and depreciation.
Purchase Price
$65K
Base: $45K
Annual Total
$11K
Insurance + fuel + maintenance
Import Duty
$16K
35% of base price
VAT
$5K
7.5% applied
Annual Insurance
$550
Avg for this country
5-Year Total
$119K
Purchase + 5yr running costs
2024 BYD Han EV — Full Cost Breakdown in Nigeria
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $45K |
| Import Duty (35%) | $16K |
| VAT / Sales Tax (7.5%) | $5K |
| Total Purchase Price | $65K |
| Annual Insurance | $550 |
| Annual Fuel Cost | $495 |
| Annual Maintenance | $354 |
| Annual Depreciation | $9K |
| Registration & Road Tax | $250 |
| Total Annual Running Cost | $11K |
| 5-Year Total Cost of Ownership | $119K |
| Cost Per Kilometer | $0.710 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
BYD Han EV Fuel Cost Calculator — Nigeria
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$495
USD equivalent
Monthly Fuel Cost
$41
Per month average
Annual Liters Used
900L
At 15,000 km/yr
Cost per 100km
$3.30
6L × ₦0.55
BYD Han EV Depreciation Curve
The BYD Han EV loses approximately $22K (49%) of its value over 5 years.
Year-by-Year Value
| New | $45K | 100% |
| Year 1 | $36K | 80% |
| Year 2 | $32K | 70% |
| Year 3 | $28K | 62% |
| Year 4 | $25K | 56% |
| Year 5 | $23K | 51% |
Depreciation based on economy segment averages.
BYD Han EV vs. Competitors in Nigeria
How does the BYD Han EV compare to similar cars available in Nigeria?
BYD
Han EV
Base Price
$45K
Annual Cost in Nigeria
$11K
Toyota
Yaris
Base Price
$22K
Annual Cost in Nigeria
$4K
Honda
Fit
Base Price
$21K
Annual Cost in Nigeria
$4K
Hyundai
i20
Base Price
$20K
Annual Cost in Nigeria
$4K
Annual costs estimated for Nigeria market. Import duty (35%) and VAT (7.5%) applied to all models.
🇳🇬 Owning a Car in Nigeria
Low fuel cost but poor road infrastructure.
Very Expensive for Nigeria
Annual car costs = 484% of average Nigeria income ($2K/yr)
Average Annual Income
$2K
In Nigeria
Fuel Price
₦0.55/L
Gasoline dominant
Avg Car Insurance
$550
Per year
Import Duty
35%
On vehicle value
VAT / Sales Tax
7.5%
Applied at purchase
Driving Side
Right-hand
Africa
Popular Car Brands in Nigeria
BYD Han EV in Nigeria — Frequently Asked Questions
Common questions about owning a BYD Han EV in Nigeria.
The 2024 BYD Han EV has a base price of $45,000 USD. In Nigeria, after 35% import duty and 7.5% VAT, the total purchase price is approximately $65,306 USD (₦65,306 NGN).