Kia Niro EV 2021 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩25,233,330
Monthly average ₩420,556|Cost per km ₩336/km| Depreciation | ₩10,189,000 | 40% |
|---|---|---|
| Charging | ₩4,952,830 | 20% |
| Insurance | ₩5,500,000 | 22% |
| Vehicle tax | ₩591,500 | 2% |
| Maintenance | ₩4,000,000 | 16% |
| Total | ₩25,233,330 |
Vehicle tax: engine-based rates with age reduction (flat rate for EVs) · Insurance uses a reference range by age band, not a quote
Cumulative cost by year
View data table
| Year | Depreciation | Charging | Insurance | Vehicle tax | Maintenance | Total |
|---|---|---|---|---|---|---|
| 1 | ₩2,658,000 | ₩990,566 | ₩1,100,000 | ₩135,200 | ₩800,000 | ₩5,683,766 |
| 2 | ₩2,215,000 | ₩990,566 | ₩1,100,000 | ₩126,750 | ₩800,000 | ₩10,916,082 |
| 3 | ₩1,772,000 | ₩990,566 | ₩1,100,000 | ₩118,300 | ₩800,000 | ₩15,696,948 |
| 4 | ₩1,772,000 | ₩990,566 | ₩1,100,000 | ₩109,850 | ₩800,000 | ₩20,469,364 |
| 5 | ₩1,772,000 | ₩990,566 | ₩1,100,000 | ₩101,400 | ₩800,000 | ₩25,233,330 |
The results are estimates based on public statistics and may differ from actual transaction prices and real costs. See how we calculate
Frequently asked questions
Q.What is included in the 5-year TCO?
Depreciation, fuel or charging, insurance reference cost, vehicle tax with age reduction, and maintenance by cost grade.
Q.How is Korean vehicle tax calculated?
Engine size × rate (80/140/200 KRW per cc) plus 30% education tax, reduced 5% yearly from year 3 up to 50%. EVs pay a flat amount.
Q.Why show cost per km?
Cost per km makes cars of different classes comparable and shows what each kilometer actually costs you.