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Porsche Taycan: running costs & insurance

It’s not cheap to buy, but rock-bottom Benefit-in-Kind bills make the Taycan the ultimate company car

Overall rating

4.5 out of 5

Running costs & insurance rating

3.5 out of 5

Price
£79,255 - £161,826
Fuel Type:
Electric
Insurance groupWarrantyService intervalAnnual company-car tax cost (20%/40%)
48-503yrs/unlimited mileage2yrs/20,000 milesFrom £317/£634

At face value, the Porsche Taycan is a very expensive car that isn’t as cheap to run as the majority of EVs. However, shift your perspective to view it as a super saloon along the lines of the petrol-powered BMW M3 or even Porsche’s own Panamera, and things end up looking a lot more appealing.

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For starters, the Taycan benefits from all the same savings as other electric cars such as zero road tax and rock-bottom company car tax bills. Topping up an EV at home is much cheaper than filling a car up with petrol – a full charge of the Taycan’s 84kWh battery pack will set you back around £25 or less at the average electricity rate – however, using public rapid chargers could cost just as much as petrol, or perhaps even more.

Porsche Taycan insurance group

The Porsche Taycan falls into the pretty high insurance groups: 48 for the entry-level, rear-drive car and 50 for the 4S, GTS and Turbo variants. This means it'll be expensive to cover, even if you’ve got a long history of safe driving with no claims, but that’s just the same for any other car with comparable performance and value. That said, the premiums aren’t going to put off anyone capable of forking out six figures in the first place.

Warranty

The Porsche Taycan is sold with a three-year/unlimited-mileage warranty as standard, while the battery is covered by a separate, eight-year/100,000-mile warranty.

Servicing

The main service for the Taycan is due every two years or 20,000 miles, which is a much more generous service interval than you’ll enjoy on a petrol-powered Porsche Panamera, Bentley Continental GT or the like.

Road tax

As an electric car with zero tailpipe emissions, the Porsche Taycan is currently zero-rated for Vehicle Excise Duty (VED, better known as road tax) and escapes the London Congestion Charge, but both exemptions will come to an end in 2025.

Depreciation

Porsche models are renowned for holding their value well; the same is somewhat true for the Taycan, which is expected to retain roughly 45 to 51% of its initial asking price over the first three years and 36,000 miles of ownership – not as good as petrol models from the brand, but not bad for a high-end EV. For comparison, a Mercedes EQS will generally hold onto more, but an Audi e-tron GT will only keep around 43-44% of its new value over the same period.

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Hello there, I’m Tom Jervis and I have the pleasure of being the Content Editor here at DrivingElectric. Before joining the team in 2023, I spent my time reviewing cars and offering car buying tips and advice on DrivingElectric’s sister site, Carbuyer. I also continue to occasionally contribute to the AutoExpress magazine – another of DrivingElectric’s partner brands. In a past life, I worked for the BBC as a journalist and broadcast assistant for regional services in the east of England – constantly trying to find stories that related to cars!

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