2023 Drako GTETrue Cost of Ownership in Australia
1,200 hp all-electric. Full cost breakdown including import duty (5%), VAT (10%), insurance, fuel at A$1.3/L, maintenance, and depreciation.
Purchase Price
$1.5M
Base: $1.3M
Annual Total
$369K
Insurance + fuel + maintenance
Import Duty
$65K
5% of base price
VAT
$137K
10% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$3.3M
Purchase + 5yr running costs
2023 Drako GTE — Full Cost Breakdown in Australia
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $1.3M |
| Import Duty (5%) | $65K |
| VAT / Sales Tax (10%) | $137K |
| Total Purchase Price | $1.5M |
| Annual Insurance | $2K |
| Annual Fuel Cost | $0 |
| Annual Maintenance | $2K |
| Annual Depreciation | $364K |
| Registration & Road Tax | $1K |
| Total Annual Running Cost | $369K |
| 5-Year Total Cost of Ownership | $3.3M |
| Cost Per Kilometer | $24.593 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Drako GTE Fuel Cost Calculator — Australia
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
⚡ Electric Vehicle
The Drako GTE runs on electricity. No fuel costs apply. Charging costs vary by electricity tariff in Australia.
$0 Fuel Cost
Electric vehicle — no gasoline required
Drako GTE Depreciation Curve
The Drako GTE loses approximately $741K (57%) of its value over 5 years.
Year-by-Year Value
| New | $1.3M | 100% |
| Year 1 | $936K | 72% |
| Year 2 | $806K | 62% |
| Year 3 | $702K | 54% |
| Year 4 | $624K | 48% |
| Year 5 | $559K | 43% |
Depreciation based on electric segment averages.
Drako GTE vs. Competitors in Australia
How does the Drako GTE compare to similar cars available in Australia?
Drako
GTE
Base Price
$1.3M
Annual Cost in Australia
$369K
Tesla
Model 3
Base Price
$42K
Annual Cost in Australia
$5K
Hyundai
IONIQ 6
Base Price
$39K
Annual Cost in Australia
$5K
BMW
i4
Base Price
$56K
Annual Cost in Australia
$8K
Annual costs estimated for Australia market. Import duty (5%) and VAT (10%) applied to all models.
🇦🇺 Owning a Car in Australia
Long distances increase fuel costs.
Very Expensive for Australia
Annual car costs = 709% of average Australia income ($52K/yr)
Average Annual Income
$52K
In Australia
Fuel Price
A$1.30/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
5%
On vehicle value
VAT / Sales Tax
10%
Applied at purchase
Driving Side
Left-hand
Oceania
Popular Car Brands in Australia
Drako GTE in Australia — Frequently Asked Questions
Common questions about owning a Drako GTE in Australia.
The 2023 Drako GTE has a base price of $1,300,000 USD. In Australia, after 5% import duty and 10% VAT, the total purchase price is approximately $1,501,500 USD (A$1,501,500 AUD).