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Published on July 14th, 2020 | by Zachary Shahan

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New Volkswagen ID.3 Cost of Ownership vs. Renault Megane & Skoda Octavia

July 14th, 2020 by  


There’s great anticipation across the world for one of the most compelling new fully electric models coming to market this year. The model, the Volkswagen ID.3, is only going to be available in Europe at the moment (it is not supposed to come to the US at all), but it has such good specs for the price that it could quickly climb the ladder of most popular electric car in Europe.

We have some new details from a Volkswagen press release about the ID.3 going on sale to the broader public (not just reservation holders) that do help us to better evaluate its competitiveness. There are 7 different trims (“preconfigured models”) spread across two battery sizes, according to Volkswagen (though, we at CleanTechnica are counting 10). More details are at the links above and in list form at the bottom of this article.

One important highlight to keep in mind when looking at pricing is that every ID.3 model will be eligible for the full €9,480 subsidy now available in Germany for electric cars — (€3,480 of which comes from Volkswagen). That lowers the prices of the cars considerably, but it’s not the only thing that does so. Electric cars also cost less to operate, cost less to maintain, and are expected to have higher resale values than their fossil fueled competitors in 5 years.

So, with pricing confirmed, I’ve conducted some new 5 year total cost of ownership forecasts for different ID.3 trims versus some of their top gasoline car competitors. (Note that these are different from the Volkswagen ID.3 1st models we already covered in detail that went on sale a month ago and were only available to the earliest of buyers.)

5 Year Cost of Ownership Forecasts

For these cost of ownership comparisons, I ran numbers for 5 ID.3 trims against 4 Skoda Octavia trims and 3 Renault Megane trims. Check out the results below followed by some commentary on assumptions and a link to my Google Sheet to create your own analysis.

Notes on Assumptions

Volkswagen ID.3

I heavily encourage you to use your own best estimate for your situation. (You can copy my sheet for this analysis and input your own assumptions.) Assumptions I used are included below. Note that — due to differences in fuel costs — if I dropped the annual km driven to 10,000, the ID.3 models would do somewhat worse relatively speaking, and if I raised the annual km driven to 30,000, the ID.3 models would be cheaper relative to the fossil fuel models.

You could also lower the price of electricity significantly if you assumed cheaper charging from rooftop solar arrays, free workplace charging, or free charging elsewhere. Or you could assume a higher price if you assume frequent use of paid, high-power charging (on the Ionity network, for example).

Naturally, the price of petrol — assumed to be an average of €1.50/l over the 5 year ownership period — has a notable impact on price and can be adjusted to whatever you think is most sensible.

Resale value is a complicated matter. I personally think I’m being conservative with the assumptions here (39% resale value for ID.3 versus 33% for fossil fuel models), because I think a combination of city policies requiring clean cars and the Osborne effect will destroy the resale value of fossil fuel vehicles within 5 years, while the value of good electric vehicles will hold strong.

Several other assumptions can be modified as well — €3,000 down payment, 5 year loan, 4% interest, purchase price, incentives. Take your best guess and feel free to share your assumptions and results down in the comments.

9 Volkswagen ID.3 Options

The first 7 models below have 420 km (260 miles) of range (WLTP), 58 kWh batteries (net energy capacity), and 150 kW Performance rear-wheel-drive powertrains. They can go from 0 to 60 km/h (37 mph) in 3.4 seconds. There’s also an ID.3 Pure model with lower range (330 km, or 205 miles), but I’ve decided to exclude it from these initial comparisons.

ID.3 Pro Performance

  • €35,575
  • range-optimized navigation
  • Adaptive Cruise Control
  • base model — all other models have the above features

ID.3 Life

  • €37,788
  • heated steering wheel
  • heated seats
  • two additional USB-C ports

ID.3 Style

  • €40,946
  • matrix LED headlamps
  • LED tail lights with dynamic swiping function
  • panoramic glass roof

ID.3 Business

  • €41,287
  • matrix LED headlamps
  • tinted windows
  • heated steering wheel
  • heated seats
  • two additional USB-C ports
  • rear-view camera
  • Keyless Access

ID.3 Family

  • €42,306
  • 2-zone “Air Care” air conditioning
  • heated steering wheel
  • heated seats
  • two additional USB-C ports
  • matrix LED headlamps
  • large panoramic glass roof
  • rear-view camera
  • Keyless Access

ID.3 Tech

  • €44,810
  • matrix LED headlamps
  • Travel Assist
  • Side Assist
  • Emergency Assist
  • Head-up Display
  • Premium Sound package

ID.3 Max

  • €43,680
  • “all the equipment packages”
  • electric 12-way massage seat
  • progressive steering and DCC (Dynamic Cruise Control)

Want a bigger battery? …

ID.3 ProS

  • €40,936
  • bigger battery (77 kWh battery), based on ID.3 ProS trim
  • 550 km (342 miles) of range (WLTP)
  • 125 kW DC charging
  • not clear if it has any other extra features

ID.3 Tour

  • €45,917
  • bigger battery (77 kWh battery), based on ID.3 ProS trim
  • 550 km (342 miles) of range (WLTP)
  • 125 kW DC charging
  • Head-up Display and Sound package
  • matrix LED headlamps
  • 12-way massage seat
  • heated steering wheel
  • heated seats
  • two additional USB-C ports
  • assistant package with all driver assistance systems
  • 19-inch aluminum wheels.

 
 


 


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About the Author

is tryin' to help society help itself one word at a time. He spends most of his time here on CleanTechnica as its director, chief editor, and CEO. Zach is recognized globally as an electric vehicle, solar energy, and energy storage expert. He has presented about cleantech at conferences in India, the UAE, Ukraine, Poland, Germany, the Netherlands, the USA, Canada, and Curaçao. Zach has long-term investments in NIO [NIO], Tesla [TSLA], and Xpeng [XPEV]. But he does not offer (explicitly or implicitly) investment advice of any sort.



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