Hyundai Kona Electric (2018-2023) review: running costs & insurance
Once the purchase price is out of the way, the Hyundai Kona Electric should be extremely cost-effective to run – especially as a company car
| Insurance group | Warranty | Service intervals | Annual company-car tax cost (20%/40%) |
|---|---|---|---|
| 26-27 | 5yrs/unlimited miles | 1yr/10,000 miles | From £130/£259 |
Like all electric cars, the Kona Electric will be very cheap to run on an ongoing basis once you've got over the relatively high purchase cost. However, the newer Kia Niro EV makes the Hyundai look a bit expensive if you factor in its generous equipment, new technology and additional practicality.
Still, it’s not as though the Kona is poorly kitted out or requires a lot of options ticking. In fact, the Kona Electric is well equipped at all price points, and there’s not much else you can spend money on – apart from metallic or pearl paint and a funky two-tone roof.
Hyundai Kona Electric insurance group
The SE Connect and Premium versions of the Kona Electric with the 39kWh battery fall into groups 20 and 21 respectively, while the 64kWh battery model (available in either Premium or Ultimate trim) is in group 24, which is pretty reasonable.
Warranty
Some electric cars come with a seven-year warranty, but Hyundai's admirable five-year/unlimited-mileage warranty is still very generous compared to many rivals, which are only covered for three years. The eight-year/125,000-mile battery warranty is an added bonus.
Servicing
We’re waiting to hear details of service costs for the Hyundai Kona Electric, but they should be competitive, with all-inclusive deals available to help with the budgeting.
Road tax
Electric car owners don't have to pay road tax (also known as Vehicle Excise Duty or VED) until 2025. The Kona Electric is also exempt from the London Congestion Charge until 2025 and company-car tax is minimal, standing at just 2% for the forseeable future.
