TruckModel Hub

Mercedes Benz G 580 Eq

587 hp all-electric. Compare true ownership costs across 50 countries — purchase price, import duties, insurance, fuel, and annual running costs.

2024

Base Price

$160K

USD MSRP

Cheapest Country

🇻🇪 Venezuela

$29K/yr

Most Expensive

🇸🇬 Singapore

$49K/yr

5-Year TCO (US)

$343K

Total cost of ownership

Countries Tracked

Full cost breakdown

Years Available

Model years tracked

⛽

Fuel Efficiency

~13L / 100km

At 15,000 km/yr, approx. 1950 litres annually

📉

3-Year Depreciation

35% loss

Loses ~$56,000 from $160,000 base in 3 years

🔧

Annual Maintenance

$2,000

Typical for Truck segment in developed markets

🏷️

Segment

Truck

Competes in the Truck segment globally

About This Model

Truck Segment: Commercial Utility and Tax Efficiency

Truck models offer the highest payload and towing capacities in the automotive market, making them the preferred choice for commercial users and buyers with genuine utility requirements. In many markets — the United States, Australia, and parts of Latin America — commercial-use tax deductions can reduce the effective ownership cost by 20–30% for eligible buyers. Fuel costs are the primary running cost concern: full-size trucks typically consume 12–15L/100km in mixed driving, making fuel the largest annual operating expense in markets with high pump prices.

The Mercedes Benz G 580 Eq is a Truck-segment vehicle with a base price of $160,000 USD. 587 hp all-electric. Across 50 countries, annual ownership costs range from $29K in Venezuela to $49K in Singapore — a 67% difference driven by import duties, fuel prices, insurance markets, and local taxation.

Annual Cost Snapshot (US)

Depreciation

$28,800

Insurance

$1,900

Fuel

$1,853

Maintenance

$2,714

Registration

$450

Total Annual$35,717

Full US Breakdown

Interactive Chart

Mercedes Benz G 580 Eq — Annual Cost by Country

Includes insurance, fuel (15,000 km/yr), maintenance, depreciation, and taxes.

Depreciation Curve

How Fast Does the G 580 Eq Lose Value?

Starting at $160,000, the Mercedes Benz G 580 Eq retains 54% of its value after 5 years — losing $73,600 in total.

Year 1

$131,200 (82%)

Year 2

$116,800 (73%)

Year 3

$104,000 (65%)

Year 4

$94,400 (59%)

Year 5

$86,400 (54%)

Market Value Over 5 Years

Cost Composition

What Makes Up the Annual Cost?

Annual ownership cost in the United States: $35,717. Depreciation is the largest single cost at 81% of total annual spend.

Depreciation

$28,80081%

Insurance

$1,9005%

Fuel

$1,8535%

Maintenance

$2,7148%

Registration

$4501%

Country Rankings

Where Is the G 580 Eq Cheapest & Most Expensive?

🏆5 Cheapest Countries to Own

#1🇻🇪

Venezuela

Purchase: $223K

$29K/yr

#2🇮🇷

Iran

Purchase: $331K

$29K/yr

#3🇧🇩

Bangladesh

Purchase: $460K

$31K/yr

#4🇪🇬

Egypt

Purchase: $255K

$31K/yr

#5🇳🇬

Nigeria

Purchase: $232K

$31K/yr

💸5 Most Expensive Countries to Own

#1🇸🇬

Singapore

Purchase: $246K

$49K/yr

#2🇭🇰

Hong Kong

Purchase: $344K

$45K/yr

#3🇬🇧

United Kingdom

Purchase: $204K

$39K/yr

#4🇮🇹

Italy

Purchase: $215K

$39K/yr

#5🇮🇱

Israel

Purchase: $343K

$39K/yr

50 Countries

Mercedes Benz G 580 Eq — Annual Cost by Country

Based on 2024 model. Includes insurance, fuel (15,000 km/yr), maintenance, depreciation, and taxes.

#	Country	Purchase Price	Import Duty	Insurance/yr	Fuel/yr	Annual Total	Details
1	🇻🇪Venezuela	$223K	20%	$100	$20	$29K	View
2	🇮🇷Iran	$331K	90%	$150	$98	$29K	View
3	🇧🇩Bangladesh	$460K	150%	$200	$2K	$31K	View
4	🇪🇬Egypt	$255K	40%	$450	$741	$31K	View
5	🇳🇬Nigeria	$232K	35%	$550	$1K	$31K	View
6	🇷🇺Russia	$221K	15%	$700	$1K	$32K	View
7	🇶🇦Qatar	$168K	5%	$1K	$371	$32K	View
8	🇺🇦Ukraine	$211K	10%	$500	$2K	$32K	View
9	🇵🇪Peru	$206K	9%	$600	$2K	$32K	View
10	🇸🇦Saudi Arabia	$193K	5%	$1K	$468	$33K	View
11	🇮🇳India	$410K	100%	$350	$2K	$33K	View
12	🇮🇩Indonesia	$249K	40%	$650	$1K	$33K	View
13	🇲🇾Malaysia	$220K	30%	$950	$1K	$33K	View
14	🇵🇰Pakistan	$281K	50%	$450	$2K	$33K	View
15	🇻🇳Vietnam	$299K	70%	$450	$2K	$33K	View
16	🇬🇭Ghana	$221K	20%	$650	$2K	$33K	View
17	🇦🇪UAE	$176K	5%	$1K	$819	$33K	View
18	🇵🇭Philippines	$233K	30%	$750	$2K	$33K	View
19	🇹🇭Thailand	$308K	80%	$850	$2K	$33K	View
20	🇦🇷Argentina	$261K	35%	$1K	$1K	$33K	View
21	🇲🇽Mexico	$223K	20%	$1K	$2K	$33K	View
22	🇨🇴Colombia	$257K	35%	$1K	$2K	$33K	View
23	🇰🇪Kenya	$232K	25%	$750	$3K	$34K	View
24	🇷🇴Romania	$209K	10%	$950	$3K	$34K	View
25	🇨🇱Chile	$202K	6%	$1K	$2K	$34K	View
26	🇭🇺Hungary	$224K	10%	$1K	$3K	$35K	View
27	🇨🇳China	$208K	15%	$1K	$2K	$35K	View
28	🇨🇿Czech Republic	$213K	10%	$1K	$3K	$35K	View
29	🇵🇱Poland	$216K	10%	$1K	$3K	$35K	View
30	🇿🇦South Africa	$230K	25%	$2K	$2K	$35K	View
31	🇺🇸United States	$164K	2.5%	$2K	$2K	$36K	View
32	🇰🇷South Korea	$190K	8%	$1K	$3K	$36K	View
33	🇵🇹Portugal	$216K	10%	$1K	$3K	$36K	View
34	🇬🇷Greece	$218K	10%	$1K	$4K	$36K	View
35	🇪🇸Spain	$213K	10%	$2K	$3K	$36K	View
36	🇯🇵Japan	$176K	0%	$1K	$3K	$37K	View
37	🇳🇿New Zealand	$193K	5%	$2K	$3K	$37K	View
38	🇫🇮Finland	$218K	10%	$2K	$3K	$37K	View
39	🇨🇦Canada	$178K	6.1%	$2K	$2K	$37K	View
40	🇸🇪Sweden	$220K	10%	$2K	$3K	$37K	View
41	🇫🇷France	$211K	10%	$2K	$4K	$37K	View
42	🇹🇷Turkey	$346K	80%	$950	$5K	$37K	View
43	🇦🇹Austria	$211K	10%	$2K	$3K	$37K	View
44	🇦🇺Australia	$185K	5%	$2K	$3K	$37K	View
45	🇩🇪Germany	$209K	10%	$2K	$4K	$38K	View
46	🇨🇭Switzerland	$184K	6.5%	$2K	$3K	$38K	View
47	🇧🇪Belgium	$213K	10%	$2K	$4K	$38K	View
48	🇳🇱Netherlands	$213K	10%	$2K	$4K	$38K	View
49	🇧🇷Brazil	$242K	35%	$3K	$2K	$39K	View
50	🇳🇴Norway	$250K	25%	$2K	$4K	$39K	View
51	🇩🇰Denmark	$500K	150%	$2K	$4K	$39K	View
52	🇮🇱Israel	$343K	83%	$2K	$4K	$39K	View
53	🇮🇹Italy	$215K	10%	$2K	$4K	$39K	View
54	🇬🇧United Kingdom	$204K	6.5%	$3K	$3K	$39K	View
55	🇭🇰Hong Kong	$344K	115%	$2K	$4K	$45K	View
56	🇸🇬Singapore	$246K	41%	$3K	$4K	$49K	View