Porsche Taycan running costs

The Porsche Taycan should be reasonably cheap to run, once you’ve got past the eye-watering purchase price

Insurance group Warranty Service interval 2019/20 company-car tax cost (20%/40%)
TBC 3yrs TBC from £2,668 / £5,335

Running costs for the Porsche Taycan should be reasonable for a car of this price, although that enormous initial asking price makes the overall cost of ownership very high indeed.

If you charge the Taycan at home using a wallbox, a full top-up should cost around £13, based on average electricity prices in the UK. This will fall significantly if you plug in overnight, as tariffs tend to cheaper when demand is lowest in the early hours of the day.

With an official range from about 250 to 280 miles, you’re looking at fuel costs of about five pence per mile, which pales into insignificance compared to the petrol costs associated with supercars and supersaloons that achieve the same performance.

Electric cars have Benefit-in-Kind (BiK) company-car tax rating of 16% for the 2019/20 financial year, which means company-car tax for the Taycan starts from £2,668 lower-rate taxpayers, for the entry-level 4S model. For top-rate taxpayers, the annual cost is £5,335.

However, that’s set to change: for the 2020/21 financial year, electric cars will attract no company-car tax at all. Better still, the rate will be backdated, so you can get a Taycan this year and enjoy the benefits in 2020 and beyond. Given current costs, this represents an enormous saving.

Porsche Taycan insurance group

The Porsche Taycan’s insurance group has yet to be confirmed, although we’ve no doubt that it’ll sit in the highest bracket of group 50, due to its purchase price. This means it'll be very expensive to insure, even if you’ve got a long history of safe driving with no claims. That said, the premiums aren’t going to put off anyone capable of forking out six figures for the car in the first place.

Warranty

The Porsche Taycan is sold with a three-year warranty as standard, while the battery is covered by a separate, eight-year warranty.

Servicing

Porsche has yet to confirm servicing details for the Taycan.

Road tax

As an electric car with zero tailpipe emissions, the Porsche Taycan incurs no standard Vehicle Excise Duty (VED, better known as road tax). However, as it costs more than £40,000, you have to pay an annual supplement of £320 in years two to six of ownership.