In-depth reviews

Mercedes EQS running costs & insurance

Mercedes' EV flagship is expensive, and pricey to insure as a result, but servicing and company-car tax costs are as low as for any electric car

Overall rating

4.0 out of 5

Running costs & insurance rating

4.0 out of 5

Insurance groupWarrantyService intervalAnnual company-car tax cost (20%/40%)
503yrs / unlimited miles1yr / 15,000 milesFrom £408/£817

The Mercedes EQS is an expensive electric car to buy, and therefore quite expensive to insure, too. And like all zero-emissions vehicles, it has a very low Benefit-in-Kind (BiK) company-car tax rate of 2% until at least April 2024. The annual bill for running the entry-level model as a company car is just £408 or £817 a year respectively for a 20% or 40% taxpayer.

Mercedes EQS insurance group

Unsurprisingly for an expensive electric luxury car, the Mercedes EQS falls into the highest insurance group there is: 50. Although the same is true for all of the EQS’ rivals from Audi, BMW and Porsche.

Warranty

Every member of Mercedes’ EQ range of electric cars is covered by a three-year/unlimited-mileage warranty, which is the same level of coverage you get on a BMW iX. Although the Tesla Model S does get a longer four-year warranty, it has a relatively low mileage limit of 50,000. Meanwhile the EQS’ batteries are warrantied for eight years or 160,000 kilometres (which is just under 100,000 miles).

Servicing

We expect the EQS will follow a similar service schedule to Mercedes’ other electric models like EQC, which requires a service every year or 15,000 miles, whichever comes first.

Road tax

As the Mercedes EQS doesn’t emit any CO2, it’s zero-rated for road tax (VED) for now and attracts an extremely low Benefit-in-Kind (BiK) company-car tax rate of just 2% until at least April 2024. Its zero-emissions status also sees it escape the London Congestion Charge until 2025.

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