Originally Posted by redpoint5
Furthermore, not everyone finances a vehicle (I don't), and interest rates in the States are 2% if you do take out a loan.
I went through the latest numbers and it seems due to currency fluctuation the difference is not so much. We now stand at $0.52 while the US is at $0.68 per litre. At an interest rate of 2% it wouldn't be much of a difference. The Ioniq in Malaysia is sold with 2.24% int rate. I guess it is some sort of incentive against the normal 4% on local cars. Here, cars not older than 10 years are allowed financing.
Maybe if there were more incentives like what they have in London. A CO2 surcharge or Congestion tax or Insurance then it would make more FINANCIAL sense.
Gasoline prices around the world, 06-Mar-2017 | GlobalPetrolPrices.com