Renault ZOE running costs
|Insurance group||Warranty||Service interval||2020/21 company-car tax cost (20%/40%)|
|19-23||4yrs / 100,000 miles||1yr / 18,000 miles||£0|
The Renault ZOE seems expensive when you first glance at the headline price. This is a Clio-sized car, after all, and a batteries-included price north of £25,000 seems a lot. The reality is that electric cars are still more expensive than their petrol equivalents, but the good news is that the ZOE offers more flexibility in paying for it than most.
If you want to keep the up-front costs right down, then leasing the battery and opting for monthly finance could be the best way forward. Finance details have yet to be confirmed, but Renault executives are confident they’ll be better than for the previous ZOE. That's because residual forecasts suggest this one will hold its value better than its predecessor, and better than the Peugeot e-208 and Vauxhall Corsa-e.
It’d be reasonable to expect monthly costs to start at around £250 for the batteries-included car, and usefully less than that for the battery-lease variant.
However, while the battery lease might be tempting given the foolproof battery cover that comes with it, bear in mind that it’ll start at £50 a month with a rather low 4,000-mile annual limit (these figures have also yet to be confirmed), so getting a decent finance deal on a batteries-included car could be cheaper in the long run. Batteries-included ZOEs are easy to differentiate by the ‘i’ in their name.
Roadside assistance is provided for four years if you buy the battery (breaking down to three years' UK and European cover, plus an additional year of UK-only), while battery leasing means you'll have roadside assistance as long as the battery contract stands.
Fully charging the ZOE at home will cost about £7 (assuming an average electric tariff of 14p/kWh), but using late-night off-peak rates could halve that. Charging at a motorway fast charger is always going to be more expensive; these tend to cost around 30p/kWh, so assuming a top-up from 20-80%, you’re looking at just under £10 per visit.
Given that the ZOE promises great efficiency at a potential 4.7miles per kWh in good conditions, it’s likely that your money will go a bit further in the Renault than in its rivals.
Renault ZOE insurance group
The ZOE falls into insurance groups 19 to 23, depending on which model you choose. This is noticeably higher than you’ll pay for an equivalent diesel Renault Clio, which falls into group 10, so do check insurance costs before settling for the ZOE if you’re a new or young driver.
The Renault ZOE is covered for four years or 100,000 miles, which is better than many rivals, if not as good as the cover you get on a Hyundai Kona Electric or Kia e-Niro. The batteries are covered against failure or significant degradation for eight years or 100,000 miles (you can read more about this in the Range & Charging section).
Renault offers various fixed-price servicing plans, starting at £449 for three years or £669 for four years, and you can spread the cost with monthly payments of as little as £9. A service is required every year or 18,000 miles.
As with every zero-emissions car, the Renault ZOE is exempt from VED (road tax) for the foreseeable future, and it'll also cost you nothing to run one as a company car during the 2020/21 financial year.
Predicting residual values is a dark and imprecise art, but industry specialists have suggested that the ZOE’s significant overhaul means it'll be worth some £3,000 more than an equivalent pre-facelift ZOE on the used-car market after three years and 30,000 miles. Its depreciation is even forecast to be slightly better than for the Peugeot e-208 and Vauxhall Corsa-e, both of which have a shorter range.