Volkswagen ID.3 running costs
The Volkswagen ID.3 should be much cheaper to run than an equivalent VW Golf for most drivers
|Insurance group||Warranty||Service interval||2020/21 company-car tax cost (20%/40%)|
|28||3yrs / 60,000 miles||2yrs / 20,000 miles||£0|
The Volkswagen ID.3 costs from around £38,000 in 1ST Edition form, which is the only car available at the moment. Cheaper models will be available at a later date. This is a competitive price, putting it just above the Kia e-Niro 64kWh and Nissan Leaf e+ in their respective entry-level trims.
If you wanted the Kia or Nissan in a higher trim level, then the ID.3 is slightly cheaper despite having plenty of equipment, so while it’s quite a bit more expensive than a Golf with a similar level of kit the ID.3 looks like reasonable value for money.
In our real-world test, we worked out that the ID.3 will cost around £490 a year if you stick to home charging (on an average home electricity tariff of 14.4p per kWh). Frequent rapid charges from pricey public points will see costs rise, but you do get up to £500 of this free for the first year.
Volkswagen ID.3 insurance group
The ID.3 sits in insurance group 28 as it stands, although you can expect cheaper and less powerful future models to be in a lower group. Group 28 is about overage for this kind of electric car, as the more powerful Nissan Leaf gets exactly the same rating. Volkswagen offers its own insurance with a three-year fixed-price rate for the car. You’re not tied in, so after a year you can always switch if you find a better price.
All Volkswagen cars have a three-year/60,000-mile warranty, which is on par with the industry standard, but falls some way behind the seven-year cover you get on a Kia e-Niro. The ID.3's batteries are also protected by an eight-year/100,000-mile warranty, so you can have peace of mind about the new technology.
All Volkswagen electric cars have a fixed service schedule, which involves a simple inspection service after two years. From then, it’s every year or 20,000 miles, whichever comes up soonest. This means the ID.3 should be a lot cheaper to service than a petrol, diesel or hybrid model – and with no oil to change, services are cheaper, too.
As with all electric cars, you don’t have to pay vehicle excise duty (VED), otherwise known as road tax, on the ID.3. It costs very little as a company car, too, since the 2020/21 Benefit-in-Kind (BiK) tax band for pure-electric cars is zero – and it’ll be a long time before the tax costs are anything near conventionally-powered models for business users.
In This Review
- 1VerdictThe Volkswagen ID.3 is an electric family car that's being compared to the Beetle and Golf before it – but is it a true revolution?
- 2Range, battery & chargingThe Volkswagen ID.3 is limited to one battery size for now, but it has enough range and charging capability to keep most buyers out of trouble
- 3Running costs - currently readingThe Volkswagen ID.3 should be much cheaper to run than an equivalent VW Golf for most drivers
- 4Electric motor, drive & performanceThe Volkswagen ID.3 has a powerful electric motor, so it almost feels like a hot hatch from behind the wheel
- 5Interior & comfortThe Volkswagen ID.3 feels well built, but the interior has a few too many cheap-looking plastic surfaces for our liking
- 6Practicality & boot spaceThe Volkswagen ID.3 has enough space for a family, but it’s not the most spacious electric car of its type
- 7Reliability & safetyThe Volkswagen ID.3 is likely to be reliable, but there’s very little data yet. It does have a five-star safety rating, though