2023 Genesis GV60 StandardTrue Cost of Ownership in Israel
225 hp all-electric. Full cost breakdown including import duty (83%), VAT (17%), insurance, fuel at ₪2/L, maintenance, and depreciation.
Purchase Price
$124K
Base: $58K
Annual Total
$22K
Insurance + fuel + maintenance
Import Duty
$48K
83% of base price
VAT
$18K
17% applied
Annual Insurance
$2K
Avg for this country
5-Year Total
$232K
Purchase + 5yr running costs
2023 Genesis GV60 Standard — Full Cost Breakdown in Israel
Every cost component from purchase to 5-year ownership. All figures in USD equivalent.
| Cost Component | Amount (USD) |
|---|---|
| Base Price (MSRP) | $58K |
| Import Duty (83%) | $48K |
| VAT / Sales Tax (17%) | $18K |
| Total Purchase Price | $124K |
| Annual Insurance | $2K |
| Annual Fuel Cost | $0 |
| Annual Maintenance | $2K |
| Annual Depreciation | $16K |
| Registration & Road Tax | $2K |
| Total Annual Running Cost | $22K |
| 5-Year Total Cost of Ownership | $232K |
| Cost Per Kilometer | $1.443 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Genesis GV60 Standard Fuel Cost Calculator — Israel
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
⚡ Electric Vehicle
The Genesis GV60 Standard runs on electricity. No fuel costs apply. Charging costs vary by electricity tariff in Israel.
$0 Fuel Cost
Electric vehicle — no gasoline required
Genesis GV60 Standard Depreciation Curve
The Genesis GV60 Standard loses approximately $33K (57%) of its value over 5 years.
Year-by-Year Value
| New | $58K | 100% |
| Year 1 | $42K | 72% |
| Year 2 | $36K | 62% |
| Year 3 | $31K | 54% |
| Year 4 | $28K | 48% |
| Year 5 | $25K | 43% |
Depreciation based on electric segment averages.
Genesis GV60 Standard vs. Competitors in Israel
How does the Genesis GV60 Standard compare to similar cars available in Israel?
Genesis
GV60 Standard
Base Price
$58K
Annual Cost in Israel
$22K
Tesla
Model 3
Base Price
$42K
Annual Cost in Israel
$5K
Hyundai
IONIQ 6
Base Price
$39K
Annual Cost in Israel
$5K
BMW
i4
Base Price
$56K
Annual Cost in Israel
$8K
Annual costs estimated for Israel market. Import duty (83%) and VAT (17%) applied to all models.
🇮🇱 Owning a Car in Israel
Very high import taxes on all vehicles.
Expensive for Israel
Annual car costs = 57% of average Israel income ($38K/yr)
Average Annual Income
$38K
In Israel
Fuel Price
₪2.00/L
Gasoline dominant
Avg Car Insurance
$2K
Per year
Import Duty
83%
On vehicle value
VAT / Sales Tax
17%
Applied at purchase
Driving Side
Right-hand
Middle East
Popular Car Brands in Israel
Genesis GV60 Standard in Israel — Frequently Asked Questions
Common questions about owning a Genesis GV60 Standard in Israel.
The 2023 Genesis GV60 Standard has a base price of $58,000 USD. In Israel, after 83% import duty and 17% VAT, the total purchase price is approximately $124,184 USD (₪124,184 ILS).
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