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Cost of Electric Car Ownership
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Comparing the cost of ownership
How affordable are Hybrids? And what’s the cost of running an electric car?
When it comes to cost of ownership, there are some differences between the two. Either way, it may surprise you how much you can save in the long run compared to a traditional petrol engine car. There are some great deals and tax incentives that make owning an electric car more affordable than you might think. -
Hybrid cars
Our Hybrid vehicles (HEV) usually cost less to buy outright than their plug-in-hybrid and electric equivalents.
Hybrid vehicles boast good fuel economy compared to petrol-driven vehicles. And, because they produce lower emissions, you’ll also benefit from slightly reduced rates of VED (road tax).
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Plug-in Hybrid cars
Plug-in Hybrid vehicles (PHEV) cost more to buy than self-charging hybrid vehicles but offer better fuel efficiency and taxation.
If you charge at home at a competitive kWh price, a plug-in hybrid will allow you to slash your petrol bills.
Their very low CO2 emissions also allow them to take advantage of relatively low VED (road tax) and company car tax.
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Electric cars
With a competitive kWh pricing tariff at home or through a public charging provider, electric cars (EV) are particularly cheap to run.
They also benefit from low taxation and are viewed more favourably by Government and local authorities, which can see you save significant amounts on congestion charge fees and parking.
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Comparing powertrains by type
How different types of powertrain affect your running costs
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Ways to save
Making the move towards electric comes with a range of financial incentives you may want to take a look at.
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Cost-effective Parking
Enjoy an all-round lower running cost, with savings to be made at every turn. Electric vehicles can unlock enviable savings on parking. Many local authorities around the country levy lower or no fees for on-street parking and/or resident parking permits on electric vehicles.
Some parking operators, sometimes placed conveniently near a train station, also waive or discount parking charges for electric vehicles so it is worth researching saving opportunities around you. -
Zero emissions, zero road tax
Road tax in the UK, officially known as Vehicle Excise Duty (VED), is calculated based on CO2 emissions. Because fully electric cars output zero CO2 emissions (in fact, they don't even come with an exhaust), running one will cost you zero road tax.
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Farewell congestion charge
Travelling into Central London? In a fully electric Kia, you'll automatically avoid paying the Congestion Charge until 25th December 2025, as well as the charge for entering the Ultra-Low Emission Zone (ULEZ) — saving you £27.50 on your journey.
But it doesn’t stop with London. As many more cities like Manchester and Birmingham introduce similar clean air zones, electric vehicles are the best way to guarantee long-term access to these areas, at the best possible price.
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Recharge your batteries, right at home
How much does it cost to charge an electric car? It’s probably a lot less than you think. Especially when you’re charging at home.
Securing a good deal on charging your electric car at home or at a public station can save you significant amounts of money compared to running a combustion engine vehicle. It is worth ensuring you have the right energy tariff at home. If you rely solely on public charging, some operators can also offer very competitive pricing so it is worth researching solutions local to you.
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Lower maintenance costs
Petrol and diesel engines are incredibly complex and have hundreds of components that can wear, fail and need replacing. Electric cars on the other hand have far fewer moving parts than a combustion engine. That means servicing and maintenance is simpler, quicker and cheaper, which saves you money.
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Better for business
Savings on fuel and servicing that really mean business. Company car tax is already drastically lower if you drive an electric car. Companies using electric vehicles can expect to enjoy lower running costs, lower BiK rate and better write down allowance.
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Pioneering 7 Year Warranty
A sustainable car is one that lasts, and that’s very much how we design our vehicles. Every Kia model benefits from our 7 Year Warranty that covers you for up to 100,000 miles, giving you reassurance and protection against unexpected costs.
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Electricity is cheaper than petrol or diesel
Electricity is cheap, particularly when you charge at home. When you look at cost per mile, driving on electricity can cost around a third of an equivalent petrol or diesel car.
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7 Year Warranty
Kia high voltage lithium ion battery-units in electric vehicles (EV), hybrid electric vehicles (HEV) and plug-in hybrid electric vehicles (PHEV) are built to have a long life. These batteries are covered by the KIA warranty for a period of 7 years from initial registration or 100,000 miles, whichever comes first. For low voltage batteries (48V and 12V) in mild-hybrid electric vehicles (MHEV), the Kia warranty covers a period of 2 years from initial registration regardless of mileage. For EVs and PHEVs only, Kia guarantees a 70% capacity of the battery. Capacity reduction of the battery in HEV and MHEV is not covered by the warranty. To minimize possible capacity reduction, consult the owner's manual. Kia warranty covers a period of 7 years from initial registration or 100,000 miles, whichever comes first. Deviations according to the valid guarantee conditions, e.g. for battery, paint and equipment, subject to local terms and conditions.
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