Chevrolet Bolt EV 2017 5-year cost to own
Estimated from segment averageBased on South Korea regulations
Assumptions
5-year total cost
₩23,960,577
Monthly average ₩399,343|Cost per km ₩319/km| Depreciation | ₩9,240,000 | 39% |
|---|---|---|
| Charging | ₩4,772,727 | 20% |
| Insurance | ₩5,500,000 | 23% |
| Vehicle tax | ₩447,850 | 2% |
| Maintenance | ₩4,000,000 | 17% |
| Total | ₩23,960,577 |
Vehicle tax: engine-based rates with age reduction (flat rate for EVs) · Insurance uses a reference range by age band, not a quote
Cumulative cost by year
View data table
| Year | Depreciation | Charging | Insurance | Vehicle tax | Maintenance | Total |
|---|---|---|---|---|---|---|
| 1 | ₩1,540,000 | ₩954,545 | ₩1,100,000 | ₩101,400 | ₩800,000 | ₩4,495,945 |
| 2 | ₩1,925,000 | ₩954,545 | ₩1,100,000 | ₩92,950 | ₩800,000 | ₩9,368,441 |
| 3 | ₩1,925,000 | ₩954,545 | ₩1,100,000 | ₩84,500 | ₩800,000 | ₩14,232,486 |
| 4 | ₩1,925,000 | ₩954,545 | ₩1,100,000 | ₩84,500 | ₩800,000 | ₩19,096,532 |
| 5 | ₩1,925,000 | ₩954,545 | ₩1,100,000 | ₩84,500 | ₩800,000 | ₩23,960,577 |
The results are estimates based on public statistics and may differ from actual transaction prices and real costs. See how we calculate
Frequently asked questions
Q.What is included in the 5-year TCO?
Depreciation, fuel or charging, insurance reference cost, vehicle tax with age reduction, and maintenance by cost grade.
Q.How is Korean vehicle tax calculated?
Engine size × rate (80/140/200 KRW per cc) plus 30% education tax, reduced 5% yearly from year 3 up to 50%. EVs pay a flat amount.
Q.Why show cost per km?
Cost per km makes cars of different classes comparable and shows what each kilometer actually costs you.