Picture Credit: Ayvens

Ayvens has released the first edition of its Car Cost Index under its new brand, providing a detailed analysis of the total cost of ownership (TCO) for vehicles across 28 European countries.

The annual study examines costs associated with leasing cars across various segments, from sub-compact to larger premium vehicles, based on pricing data from the fourth quarter of 2024.

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The Car Cost Index evaluates multiple factors influencing TCO, including depreciation, interest, repairs, maintenance, tyres, energy/fuel, tax (excluding VAT) and comprehensive insurance.

This year’s report comes ahead of the tightening of Corporate Average Fuel Economy (CAFE) standards in 2025 and new budgetary policies in some markets that favour battery electric vehicles (BEVs) over internal combustion engine (ICE) cars. The findings highlight the complexity of BEV competitiveness as a leasing option across different segments and regions.

Key findings:

  • The average monthly cost of leasing a car in Europe is €1,090.
  • Costs vary significantly by country, ranging from €815 in Greece to €1,252 in Switzerland.
  • Greece, Sweden and Finland are the most affordable markets for leasing a BEV, with costs below €820 per month.
  • Compact segment BEVs are cost-competitive in western and northern Europe, except in Germany.
  • Mid-sized standard segment BEVs remain less affordable, with cost advantages in only 11 countries.
  • Mid-size premium BEVs are the most competitive, with cost parity or better across all European countries.

Ayvens’ Chief Commercial Officer Annie Pin said: “The Car Cost Index enables our clients to assess total vehicle costs, compare options, and evaluate key trade-offs such as driver taxation, repairs and maintenance.”

Matt Walters, Head of Consultancy Services and Customer Value at Ayvens, said: “The UK, as one of Europe’s most mature fleet markets, has seen strong EV adoption, particularly through salary sacrifice schemes. Company car tax incentives make electric vehicles an attractive option, offering cost savings and supporting sustainability targets.”