Hyundai Ioniq Hybrid running costs

The Ioniq is cheaper to buy than a Prius, and cheap enough to challenge conventional hatchbacks like the Volkswagen Golf and Ford Focus

Insurance group Warranty Service intervals 2018/19 company car cost (20%/40%)
10E 60 months / unlimited miles 12 months / 10,000 miles £822.32 / £1,644.64

The Ioniq Hybrid is usefully cheaper to buy than the Toyota Prius, which is one of the key reasons buyers are likely to consider the Ioniq, and it should help to make up for the fact that the Hyundai falls a bit short of the Toyota’s fuel economy and CO2 figures. It’s also typically a bit cheaper than the Prius on PCP finance, which will appeal to retail buyers.

However, while the official economy is a mite off the Prius’ benchmark, because the Hyundai has a cheaper on-the-road price, it’s still cheaper for company-car tax. BiK tax averages out at around £2,000 a year for the next three years, for a 40% taxpayer buying an Ioniq Hybrid Premium – some £200 cheaper per year than a Toyota Prius Business Edition.

Hyundai Ioniq Hybrid insurance group

Insurance groups range from 10 – 11, which is on par with the Toyota Prius. For context, a Hyundai i10 falls into the same insurance groups, so this is about as cheap as insurance gets.

Warranty

Hyundai offers a five-year/unlimited-mileage warranty, which is one of the best on the market given that most normal diesel or petrol cars have three years of cover. Toyota offers a five-year/100,000-mile warranty, while Kia betters them both with seven years or 100,000 miles of cover.

Servicing

The Hyundai Ioniq Hybrid will tell you when it needs servicing by pinging up a message on the dashboard, so the intervals between scheduled maintenance will vary depending on how you use the car. Whatever mileage you do, Hyundai’s fixed-price servicing plans are affordable, and you can even extend the plan to five or eight years. Go with one of Hyundai’s official servicing plans and you also get free roadside assistance.

Road tax

The Hyundai Ioniq doesn’t get free access to the London Congestion Charge zone (neither does the Prius any more), while normal road tax will cost £130 a year.

Depreciation

The Hyundai Ioniq Hybrid loses value a bit faster than a Toyota Prius, but it’s no worse than most conventional diesel alternatives.