Kia Niro EV 2026 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩39,436,230
Monthly average ₩657,271|Cost per km ₩526/km| Depreciation | ₩25,339,100 | 64% |
|---|---|---|
| Charging | ₩4,952,830 | 13% |
| Insurance | ₩5,500,000 | 14% |
| Vehicle tax | ₩794,300 | 2% |
| Maintenance | ₩2,850,000 | 7% |
| Total | ₩39,436,230 |
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 | ₩9,532,100 | ₩990,566 | ₩1,100,000 | ₩169,000 | ₩400,000 | ₩12,191,666 |
| 2 | ₩4,790,000 | ₩990,566 | ₩1,100,000 | ₩169,000 | ₩450,000 | ₩19,691,232 |
| 3 | ₩4,311,000 | ₩990,566 | ₩1,100,000 | ₩160,550 | ₩550,000 | ₩26,803,348 |
| 4 | ₩3,353,000 | ₩990,566 | ₩1,100,000 | ₩152,100 | ₩650,000 | ₩33,049,014 |
| 5 | ₩3,353,000 | ₩990,566 | ₩1,100,000 | ₩143,650 | ₩800,000 | ₩39,436,230 |
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.