Considering Ioniq over Kona

MizMix

Hi All,

Trading in my 141 ix35 and was sure I was going to trade it in for a kona EV (2020 model). After viewing it alongside the new ioniq I'm leaning toward the ioniq. I'm a complete novice when it comes to EV so would love any 'real world' advise. I do think it's overpriced but I am buying this through my small company due to tax benefits and my 141 has turned into a money pit the last year.

It will be used a second car. I drive from Dundalk to Dublin twice a week and aside from that it's just school drop offs and 10k round trips during the week. I know Kona battery is far superior- but really I think I'm covered with the ionic? I carry stock etc in the car and the kona boot is tiny and also not very roomy in the back. Long trips will generally be in my husbands car- but even if not I understand the ioniq will get me anywhere really without needing to charge mid trip?

Re home chargers- as this is a company car am I right in saying I get no grant?

Mickeroo

The new Ioniq will be more than enough for your needs going by what you say there, even the older 28kwh one would do the job (though dundalk to dublin return would be touch and go in winter).

if you can afford the Kona but space is an issue then you should also consider looking at the Kia E-Niro. Very similar car to the kona in terms of range but more spacious and better spec (availability might be a problem though). e-Soul also an option but an acquired taste looks wise.

I don't think the charger grant is available for company cars no, though not 100% sure on that.

MizMix

Oh not being able to do dundalk to dublin return through winter would definitely be an issue for me.

I'll definitely take a look at kia e-niro.

Thanks

Mickeroo

MizMix wrote: »

Oh not being able to do dundalk to dublin return through winter would definitely be an issue for me.

I'll definitely take a look at kia e-niro.

Thanks

I was talking about the 28kwh battery ioniq there, the new 38kwh battery one should have no issue with that trip.

MizMix

thanks for clarifying.

I'll take a look at the kia all the same

KCross

MizMix wrote: »

I drive from Dundalk to Dublin twice a week and aside from that it's just school drop offs and 10k round trips during the week. I know Kona battery is far superior- but really I think I'm covered with the ionic? I carry stock etc in the car and the kona boot is tiny and also not very roomy in the back. Long trips will generally be in my husbands car- but even if not I understand the ioniq will get me anywhere really without needing to charge mid trip?

How many km's is your dundalk-dublin trip? 150km each way?
That will be tight in the old 28kWh Ioniq in the worst conditions. You'd have to slow down and since its twice a week I dont think its something you should be considering.

The new larger battery Ioniq would be fine but you'd need destination charging to get you back home or else you'd need to stop for a charge. Do you have the ability to plug the car in at your Dublin destination?

The eNiro or Kona EV should manage the return trip without any stops.

MizMix wrote: »

Re home chargers- as this is a company car am I right in saying I get no grant?

Correct

And also note that if you are buying via a company you wont be getting the car grant either. The budget, just gone, removed it (€3800) for companies so make sure the prices you get have that built into it as the salesman may assume you are a private buyer.

As a company you can still avail of the ACA scheme which helps cash flow.

And BIK is still exempt for company provided EV's.

MizMix

I'm outside Dundalk- it's only approx 85km each way so I am assuming round trip will be ok. It is the new ioniq (2020) I'm looking at.

Yes the 3.5k grant gone- it's just the 5k plus 20% of VAT reclaimable. The BIK exemption is a big draw for me.

I generally park in one of the city centre car parks but I just assumed I wouldn't even need to think about this- that I could simply charge at home after the round trip

KCross

MizMix wrote: »

I'm outside Dundalk- it's only approx 85km each way so I am assuming round trip will be ok. It is the new ioniq (2020) I'm looking at.

New larger battery Ioniq is good then. 170km return will be fine all year round.

KCross

MizMix wrote: »

Yes the 3.5k grant gone- it's just the 5k plus 20% of VAT reclaimable. The BIK exemption is a big draw for me.

Is the VAT reclaimable on a passenger car? I dont think you can.

https://www.revenue.ie/en/vat/reclaiming-vat/who-can-reclaim-vat.aspx

MacDanger

KCross wrote: »

As a company you can still avail of the ACA scheme which helps cash flow.

I'm considering buying an EV through my company also, what's the ACA scheme?

Old diesel

Even though the 38 Ioniq will do the job I would still have the 64 kwh Kias

1) bigger battery means superior resale as in some if not all the extra money you spend comes back at resale.

2) Space is better on the Kia offerings then the Kona.

KCross

MacDanger wrote: »

I'm considering buying an EV through my company also, what's the ACA scheme?

https://www.seai.ie/business-and-public-sector/business-grants-and-supports/accelerated-capital-allowance/

Instead of writing it down over 8 years you can write it all down in year 1. It helps your cashflow.
There is a clawback if you sell it before 8 years... apparently.

MizMix

KCross wrote: »

Is the VAT reclaimable on a passenger car? I dont think you can.

https://www.revenue.ie/en/vat/reclaiming-vat/who-can-reclaim-vat.aspx

Generally, VAT cannot be reclaimed on passenger vehicles. However, 20% of VAT can be reclaimed on a passenger vehicle that:
• Is used for at least 60% business purposes.
• Was first registered on or after 1 January 2009.
• Has CO2 emissions of less than 156g/km.

(taken from an accountants website)

GreeBo

Ioniq boot is much bigger than the Kona, thats what swayed us.

KCross

MizMix wrote: »

Generally, VAT cannot be reclaimed on passenger vehicles. However, 20% of VAT can be reclaimed on a passenger vehicle that:
• Is used for at least 60% business purposes.
• Was first registered on or after 1 January 2009.
• Has CO2 emissions of less than 156g/km.

(taken from an accountants website)

Follow the link I gave... it has a link which says that that only applies for specific eligible vehicles.... it would need to be an estate car or sports motor vehicle. Not sure if a sports motor vehicle is a CUV/SUV (i.e. Kona/Niro)

And thats from the revenue website. I'd take that over an accountants website. I'd certainly be double checking it with revenue before buying.

Here..
https://www.revenue.ie/en/tax-professionals/tdm/value-added-tax/part03-taxable-transactions-goods-ica-services/Goods/partial-recovery-of-VAT-on-qualifying-passenger-motor-vehicles.pdf


Snippet...

The motor vehicles covered are:
 estate cars
 sports motor vehicles
 station wagons
 motor cycles
 motor scooters
 mopeds
 autocycles.

MizMix

GreeBo wrote: »

Ioniq boot is much bigger than the Kona, thats what swayed us.

Yeah I own a shop and often end up carrying stock, online orders etc....I don't think the kona is going to work for me. I wasn't expecting it to be so much smaller than the ix35.

MizMix

GreeBo wrote: »

Ioniq boot is much bigger than the Kona, thats what swayed us.

Good to know- the car dealer also claimed I could claim back 20% (obviously another selling point) so will look into it more. Cheers

innrain

what would be the difference between estate cars and station wagons in Revenue's perspective?

KCross

innrain wrote: »

what would be the difference between estate cars and station wagons in Revenue's perspective?

They basically want to give businesses the opportunity to get VAT back when a car is used for business purposes but not get abused by people buying private passenger cars and claiming its a business car.

An estate or SUV is probably an exception in their eyes because its a bit more commercial in the sense that it takes a larger load (bigger boot).

That would be my interpretation of it.