2024 Genesis Electrified GV70True Cost of Ownership in Japan
429 hp all-electric. Full cost breakdown including import duty (0%), VAT (10%), insurance, fuel at ¥1.45/L, maintenance, and depreciation.
Purchase Price
$72K
Base: $65K
Annual Total
$20K
Insurance + fuel + maintenance
Import Duty
$0
0% of base price
VAT
$7K
10% applied
Annual Insurance
$1K
Avg for this country
5-Year Total
$172K
Purchase + 5yr running costs
2024 Genesis Electrified GV70 — Full Cost Breakdown in Japan
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $65K |
| Import Duty (0%) | $0 |
| VAT / Sales Tax (10%) | $7K |
| Total Purchase Price | $72K |
| Annual Insurance | $1K |
| Annual Fuel Cost | $2K |
| Annual Maintenance | $2K |
| Annual Depreciation | $13K |
| Registration & Road Tax | $2K |
| Total Annual Running Cost | $20K |
| 5-Year Total Cost of Ownership | $172K |
| Cost Per Kilometer | $1.346 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Genesis Electrified GV70 Fuel Cost Calculator — Japan
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$2,393
USD equivalent
Monthly Fuel Cost
$199
Per month average
Annual Liters Used
1,650L
At 15,000 km/yr
Cost per 100km
$15.95
11L × ¥1.45
Genesis Electrified GV70 Depreciation Curve
The Genesis Electrified GV70 loses approximately $32K (49%) of its value over 5 years.
Year-by-Year Value
| New | $65K | 100% |
| Year 1 | $52K | 80% |
| Year 2 | $46K | 70% |
| Year 3 | $40K | 62% |
| Year 4 | $36K | 56% |
| Year 5 | $33K | 51% |
Depreciation based on suv segment averages.
Genesis Electrified GV70 vs. Competitors in Japan
How does the Genesis Electrified GV70 compare to similar cars available in Japan?
Genesis
Electrified GV70
Base Price
$65K
Annual Cost in Japan
$20K
Toyota
RAV4
Base Price
$32K
Annual Cost in Japan
$8K
Honda
CR-V
Base Price
$31K
Annual Cost in Japan
$7K
Mazda
CX-5
Base Price
$30K
Annual Cost in Japan
$7K
Annual costs estimated for Japan market. Import duty (0%) and VAT (10%) applied to all models.
🇯🇵 Owning a Car in Japan
Shaken inspection every 2 years: $1,200.
Expensive for Japan
Annual car costs = 53% of average Japan income ($38K/yr)
Average Annual Income
$38K
In Japan
Fuel Price
¥1.45/L
Gasoline dominant
Avg Car Insurance
$1K
Per year
Import Duty
0%
On vehicle value
VAT / Sales Tax
10%
Applied at purchase
Driving Side
Left-hand
Asia
Popular Car Brands in Japan
Genesis Electrified GV70 in Japan — Frequently Asked Questions
Common questions about owning a Genesis Electrified GV70 in Japan.
The 2024 Genesis Electrified GV70 has a base price of $65,000 USD. In Japan, after 0% import duty and 10% VAT, the total purchase price is approximately $71,500 USD (¥71,500 JPY).
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Genesis Electrified GV70 in Other Countries
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- 🇦🇺Genesis Electrified GV70 in Australia
- 🇨🇦Genesis Electrified GV70 in Canada
- 🇳🇴Genesis Electrified GV70 in Norway
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