This is the model which caused a proper stir when it was launched as it can travel further than electric cars costing twice as much. The motor is also upgraded along with the battery with a hefty 204bhp. That power output raised a few eyebrows too, as it’s the sort of figure you’d get from a turbocharged 2-litre petrol engine.
What about the costs? Well Kona Electric prices start at just over £30,000, and a mid-range Premium with the bigger battery and more powerful engine costs just over £36,000 after the government grant has been deducted. This may sound higher than a petrol or diesel, but it’s worth spending some time with a calculator to see what the total cost of ownership will be over the time you own the car.
Firstly, it’s unlikely that you’ll just pay a lump sum for the car as most vehicles are bought with some form of finance. Hyundai’s current offer for this particular model is £296 per month with a £3,543 deposit on a Personal Contract Hire. That’s similar – or even less – than an equivalent petrol or diesel.
This is possible because depreciation is the biggest cost of running almost any new car. As most car finance is based around the residual value of the car (you just pay for the depreciation and interest if you get a car through a PCP, PCH or lease) this means the monthly payments to get into an electric car are lower.
What about other costs? Fuel will be the biggest saving of course – if you charge at home the amount you spend on electricity will be roughly a quarter of your fuel bill. You’ll also wake up to a full ‘tank’ every morning, meaning you’ll never have to go to a fuel station again (unless you fancy a pasty or some barbeque charcoal).
If you have the option to charge at work, the fuel costs will plummet further and there is no tax liability for plugging in at the office. Just make sure you get permission from the boss first!
Charging is far cheaper than fuelling