2024 Genesis Electrified GV70True Cost of Ownership in Malaysia
429 hp all-electric. Full cost breakdown including import duty (30%), VAT (6%), insurance, fuel at RM0.52/L, maintenance, and depreciation.
Purchase Price
$90K
Base: $65K
Annual Total
$17K
Insurance + fuel + maintenance
Import Duty
$20K
30% of base price
VAT
$5K
6% applied
Annual Insurance
$950
Avg for this country
5-Year Total
$173K
Purchase + 5yr running costs
2024 Genesis Electrified GV70 — Full Cost Breakdown in Malaysia
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $65K |
| Import Duty (30%) | $20K |
| VAT / Sales Tax (6%) | $5K |
| Total Purchase Price | $90K |
| Annual Insurance | $950 |
| Annual Fuel Cost | $858 |
| Annual Maintenance | $1K |
| Annual Depreciation | $13K |
| Registration & Road Tax | $700 |
| Total Annual Running Cost | $17K |
| 5-Year Total Cost of Ownership | $173K |
| Cost Per Kilometer | $1.115 |
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 — Malaysia
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
Annual Fuel Cost
$858
USD equivalent
Monthly Fuel Cost
$72
Per month average
Annual Liters Used
1,650L
At 15,000 km/yr
Cost per 100km
$5.72
11L × RM0.52
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 Malaysia
How does the Genesis Electrified GV70 compare to similar cars available in Malaysia?
Genesis
Electrified GV70
Base Price
$65K
Annual Cost in Malaysia
$17K
Toyota
RAV4
Base Price
$32K
Annual Cost in Malaysia
$8K
Honda
CR-V
Base Price
$31K
Annual Cost in Malaysia
$7K
Mazda
CX-5
Base Price
$30K
Annual Cost in Malaysia
$7K
Annual costs estimated for Malaysia market. Import duty (30%) and VAT (6%) applied to all models.
🇲🇾 Owning a Car in Malaysia
Heavily subsidized fuel. Proton/Perodua cheap.
Very Expensive for Malaysia
Annual car costs = 139% of average Malaysia income ($12K/yr)
Average Annual Income
$12K
In Malaysia
Fuel Price
RM0.52/L
Gasoline dominant
Avg Car Insurance
$950
Per year
Import Duty
30%
On vehicle value
VAT / Sales Tax
6%
Applied at purchase
Driving Side
Left-hand
Asia
Popular Car Brands in Malaysia
Genesis Electrified GV70 in Malaysia — Frequently Asked Questions
Common questions about owning a Genesis Electrified GV70 in Malaysia.
The 2024 Genesis Electrified GV70 has a base price of $65,000 USD. In Malaysia, after 30% import duty and 6% VAT, the total purchase price is approximately $89,570 USD (RM89,570 MYR).
Related Car Cost Pages
Genesis Electrified GV70 in Other Countries
- 🇺🇸Genesis Electrified GV70 in United States
- 🇬🇧Genesis Electrified GV70 in United Kingdom
- 🇩🇪Genesis Electrified GV70 in Germany
- 🇫🇷Genesis Electrified GV70 in France
- 🇯🇵Genesis Electrified GV70 in Japan
- 🇦🇺Genesis Electrified GV70 in Australia
- 🇨🇦Genesis Electrified GV70 in Canada
- 🇳🇴Genesis Electrified GV70 in Norway
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