2023 Hyundai Tucson PHEVTrue Cost of Ownership in Nigeria
261 hp plug-in hybrid. Full cost breakdown including import duty (35%), VAT (7.5%), insurance, fuel at ₦0.55/L, maintenance, and depreciation.
Purchase Price
$55K
Base: $38K
Annual Total
$12K
Insurance + fuel + maintenance
Import Duty
$13K
35% of base price
VAT
$4K
7.5% applied
Annual Insurance
$550
Avg for this country
5-Year Total
$115K
Purchase + 5yr running costs
2023 Hyundai Tucson PHEV — 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) | $38K |
| Import Duty (35%) | $13K |
| VAT / Sales Tax (7.5%) | $4K |
| Total Purchase Price | $55K |
| Annual Insurance | $550 |
| Annual Fuel Cost | $0 |
| Annual Maintenance | $471 |
| Annual Depreciation | $11K |
| Registration & Road Tax | $250 |
| Total Annual Running Cost | $12K |
| 5-Year Total Cost of Ownership | $115K |
| Cost Per Kilometer | $0.794 |
For informational purposes only. All figures are estimates. Not financial advice. Prices and costs may change without prior notice.
Hyundai Tucson PHEV Fuel Cost Calculator — Nigeria
Adjust your annual mileage and local fuel price to calculate your exact fuel costs.
Adjust Your Usage
⚡ Electric Vehicle
The Hyundai Tucson PHEV runs on electricity. No fuel costs apply. Charging costs vary by electricity tariff in Nigeria.
$0 Fuel Cost
Electric vehicle — no gasoline required
Hyundai Tucson PHEV Depreciation Curve
The Hyundai Tucson PHEV loses approximately $22K (57%) of its value over 5 years.
Year-by-Year Value
| New | $38K | 100% |
| Year 1 | $27K | 72% |
| Year 2 | $24K | 62% |
| Year 3 | $21K | 54% |
| Year 4 | $18K | 48% |
| Year 5 | $16K | 43% |
Depreciation based on electric segment averages.
Hyundai Tucson PHEV vs. Competitors in Nigeria
How does the Hyundai Tucson PHEV compare to similar cars available in Nigeria?
Hyundai
Tucson PHEV
Base Price
$38K
Annual Cost in Nigeria
$12K
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 = 541% 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
Hyundai Tucson PHEV in Nigeria — Frequently Asked Questions
Common questions about owning a Hyundai Tucson PHEV in Nigeria.
The 2023 Hyundai Tucson PHEV has a base price of $38,000 USD. In Nigeria, after 35% import duty and 7.5% VAT, the total purchase price is approximately $55,148 USD (₦55,148 NGN).