the 30x30 scenario relative to BAU. Because of their high energy efficiency, BEVs show α strong economic cost advantage in the majority of countries. In the LCV segment, EVs face higher fuel costs in α few small island countries—Jamaica, Maldives, Sao Tomé and Principe, and Vanuatu—that rely on imported oil for power generation and thus have high electricity costs. Electric LCVs also have α smaller energy efficiency advantage over ICEVs compared with other vehicle segments. In the country-level economic analysis, which removes fuel taxes and electricity subsidies. EVs still cost less to operate across all vehicle segments in most countries.24 This energy and overall economic viability relative to ICEVs. Since most countries also subsidize electricity and tax fossil fuels, BEVs cost less in financial terms as well. based on CPAT). Its electricity production cost is among the highest in all countries, and its retail price is 41 cents/kWh in 2024 and is projected to be 36 cents/kWh in 2030, much higher than most countries. Because of that, BEVs have higher fuel costs in