2023 Drako GTETrue Cost of Ownership in Nigeria
1,200 hp all-electric. Full cost breakdown including import duty (35%), VAT (7.5%), insurance, fuel at ₦0.55/L, maintenance, and depreciation.
Purchase Price
$1.9M
Base: $1.3M
Annual Total
$365K
Insurance + fuel + maintenance
Import Duty
$455K
35% of base price
VAT
$132K
7.5% applied
Annual Insurance
$550
Avg for this country
5-Year Total
$3.7M
Purchase + 5yr running costs
2023 Drako GTE — 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) | $1.3M |
| Import Duty (35%) | $455K |
| VAT / Sales Tax (7.5%) | $132K |
| Total Purchase Price | $1.9M |
| Annual Insurance | $550 |
| Annual Fuel Cost | $0 |
| Annual Maintenance | $471 |
| Annual Depreciation | $364K |
| Registration & Road Tax | $250 |
| Total Annual Running Cost | $365K |
| 5-Year Total Cost of Ownership | $3.7M |
| Cost Per Kilometer | $24.351 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Drako GTE Fuel Cost Calculator — Nigeria
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 Nigeria.
$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 Nigeria
How does the Drako GTE compare to similar cars available in Nigeria?
Drako
GTE
Base Price
$1.3M
Annual Cost in Nigeria
$365K
Tesla
Model 3
Base Price
$42K
Annual Cost in Nigeria
$5K
Hyundai
IONIQ 6
Base Price
$39K
Annual Cost in Nigeria
$5K
BMW
i4
Base Price
$56K
Annual Cost in Nigeria
$8K
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 = 16603% 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
Drako GTE in Nigeria — Frequently Asked Questions
Common questions about owning a Drako GTE in Nigeria.
The 2023 Drako GTE has a base price of $1,300,000 USD. In Nigeria, after 35% import duty and 7.5% VAT, the total purchase price is approximately $1,886,625 USD (₦1,886,625 NGN).