2023 Drako GTETrue Cost of Ownership in Philippines
1,200 hp all-electric. Full cost breakdown including import duty (30%), VAT (12%), insurance, fuel at ₱1.05/L, maintenance, and depreciation.
Purchase Price
$1.9M
Base: $1.3M
Annual Total
$366K
Insurance + fuel + maintenance
Import Duty
$390K
30% of base price
VAT
$203K
12% applied
Annual Insurance
$750
Avg for this country
5-Year Total
$3.7M
Purchase + 5yr running costs
2023 Drako GTE — Full Cost Breakdown in Philippines
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 (30%) | $390K |
| VAT / Sales Tax (12%) | $203K |
| Total Purchase Price | $1.9M |
| Annual Insurance | $750 |
| Annual Fuel Cost | $0 |
| Annual Maintenance | $643 |
| Annual Depreciation | $364K |
| Registration & Road Tax | $550 |
| Total Annual Running Cost | $366K |
| 5-Year Total Cost of Ownership | $3.7M |
| Cost Per Kilometer | $24.396 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Drako GTE Fuel Cost Calculator — Philippines
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 Philippines.
$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 Philippines
How does the Drako GTE compare to similar cars available in Philippines?
Drako
GTE
Base Price
$1.3M
Annual Cost in Philippines
$366K
Tesla
Model 3
Base Price
$42K
Annual Cost in Philippines
$5K
Hyundai
IONIQ 6
Base Price
$39K
Annual Cost in Philippines
$5K
BMW
i4
Base Price
$56K
Annual Cost in Philippines
$8K
Annual costs estimated for Philippines market. Import duty (30%) and VAT (12%) applied to all models.
🇵🇭 Owning a Car in Philippines
Traffic congestion increases fuel costs.
Very Expensive for Philippines
Annual car costs = 10456% of average Philippines income ($4K/yr)
Average Annual Income
$4K
In Philippines
Fuel Price
₱1.05/L
Gasoline dominant
Avg Car Insurance
$750
Per year
Import Duty
30%
On vehicle value
VAT / Sales Tax
12%
Applied at purchase
Driving Side
Right-hand
Asia
Popular Car Brands in Philippines
Drako GTE in Philippines — Frequently Asked Questions
Common questions about owning a Drako GTE in Philippines.
The 2023 Drako GTE has a base price of $1,300,000 USD. In Philippines, after 30% import duty and 12% VAT, the total purchase price is approximately $1,892,800 USD (₱1,892,800 PHP).