futuresearch.ai | Report ncrX

1
What percentage of Chinese households can afford the cheapest BYD electric vehicle?
$45.6 %$

$380 CNY$

$(50% CI: [200, 550])$

What is the monthly operational cost of a BYD Seagull?

Key Parameter	Value	Source
monthly insurance cost $(I)$	$290 CNY (50% CI: [242, 483])$	1.2.3
average monthly costs for maintenance $(M)$	$100 CNY (50% CI: [50, 250])$	1.2.2
electricity cost $(E)$	$89.73 CNY (50% CI: [70, 120])$	1.2.1

The monthly cost of a BYD Seagull can be calculated by summing up the various expenses associated with owning and operating the vehicle.

Expenses are:

The formula for the total monthly cost is:

C = I + M + E

Plugging in the values:

C = 290 + 100 + 89.726 \approx 380

Supporting Evidence

1
What percentage of Chinese households can afford the cheapest BYD electric vehicle?
$45.6 %$