Kia Ray EV 2026 5-year cost to own
Based on South Korea regulations
Assumptions
5-year total cost
₩29,156,359
Monthly average ₩485,939|Cost per km ₩389/km| Depreciation | ₩15,565,000 | 53% |
|---|---|---|
| Charging | ₩5,147,059 | 18% |
| Insurance | ₩5,500,000 | 19% |
| Vehicle tax | ₩794,300 | 3% |
| Maintenance | ₩2,150,000 | 7% |
| Total | ₩29,156,359 |
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 | ₩5,943,000 | ₩1,029,412 | ₩1,100,000 | ₩169,000 | ₩300,000 | ₩8,541,412 |
| 2 | ₩2,830,000 | ₩1,029,412 | ₩1,100,000 | ₩169,000 | ₩350,000 | ₩14,019,824 |
| 3 | ₩2,830,000 | ₩1,029,412 | ₩1,100,000 | ₩160,550 | ₩400,000 | ₩19,539,785 |
| 4 | ₩1,981,000 | ₩1,029,412 | ₩1,100,000 | ₩152,100 | ₩500,000 | ₩24,302,297 |
| 5 | ₩1,981,000 | ₩1,029,412 | ₩1,100,000 | ₩143,650 | ₩600,000 | ₩29,156,359 |
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.