Kia Niro PHEV running costs
You can look at the Kia Niro PHEV in one of two ways. Either it’s an expensive version of the Niro or it’s a pretty good-value plug-in hybrid. It’s a little cheaper than SUV rivals such as the MINI Countryman or Mitsubishi Outlander, as well as saving you money over other plug-ins.
And, let’s be honest, saving money is what these cars are about, which means that the Niro PHEV’s 31g/km CO2 emissions and 201.8mpg official fuel economy will raise more than a few eyebrows among buyers.
The Niro PHEV also qualifies for exemption from the London Congestion Charge and incurs Benefit-in-Kind (BiK) tax at just 13% – which will make it particularly attractive to company-car users.
Kia Niro PHEV insurance group
The Kia Niro PHEV sits in insurance group 13, which is the same as the hybrid versions. That makes it a little dearer to insure than plug-in versions of the Hyundai Ioniq, but it’s much cheaper to insure than the plug-in Toyota Prius, which is in at least Group 21.
Kia’s excellent warranty is one of the biggest attractions of its cars. With cover for seven years and 100,000 miles (whichever is sooner), it’s the most generous on the market.
Like all Niros, the PHEV needs to be serviced every 10,000 miles or 12 months, whichever is sooner. That’s also the same as pretty much every petrol-engined Kia.
Like many manufacturers, Kia offers a range of fixed-price servicing packages. For the Niro PHEV, a three-year package covering the first three services costs about £450; if you want a five-year package (which is fully transferable if you decide to sell the car), that costs about £400 more.
Although the low CO2 emissions of the PHEV mean it incurs no first-year tax when you buy the car new, there are no such benefits after that. Like every ‘alternative-fuel' car, the PHEV will cost you £135 a year in road tax. At least its low price and the lack of options mean you won’t have to worry about the car costing more than £40,000 and incurring the extra £320 charge as a result.
It’s still too early to know for certain how quickly – or slowly – the Niro PHEV will lose value over its lifetime. However, given how much equipment it comes with and how long its warranty is, we expect it'll remain a popular car on the used market, ensuring strong residuals.