Genesis Electrified GV70 2024 5-year cost to own
Estimated from segment averageBased on South Korea regulations
Assumptions
5-year total cost
₩40,220,772
Monthly average ₩670,346|Cost per km ₩536/km| Depreciation | ₩23,746,000 | 59% |
|---|---|---|
| Charging | ₩5,706,522 | 14% |
| Insurance | ₩5,500,000 | 14% |
| Vehicle tax | ₩718,250 | 2% |
| Maintenance | ₩4,550,000 | 11% |
| Total | ₩40,220,772 |
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 | ₩6,128,000 | ₩1,141,304 | ₩1,100,000 | ₩160,550 | ₩700,000 | ₩9,229,854 |
| 2 | ₩4,596,000 | ₩1,141,304 | ₩1,100,000 | ₩152,100 | ₩850,000 | ₩17,069,259 |
| 3 | ₩4,596,000 | ₩1,141,304 | ₩1,100,000 | ₩143,650 | ₩1,000,000 | ₩25,050,213 |
| 4 | ₩4,596,000 | ₩1,141,304 | ₩1,100,000 | ₩135,200 | ₩1,000,000 | ₩33,022,717 |
| 5 | ₩3,830,000 | ₩1,141,304 | ₩1,100,000 | ₩126,750 | ₩1,000,000 | ₩40,220,772 |
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.