Kia EV5 price is a blow to the electric mobility table

After a first look in March last year, Kia has already officially confirmed that EB5. The new electric SUV will arrive in Europe in 2024 and has already been officially launched in China, where, in addition to some of the characteristics that are the most interesting alternative to the Model Y so far,We also know its attractive price.

Specifically, the South Korean company will sell the Kia EV5 at a price of 159,800 yuan. In exchange, they cost about 20,150 euros.as noted Korean Automotive Blog. Thus, in China, the Kia SUV will be significantly cheaper than the Model Y, which is sold in the Asian market for 263,900 yuan (about 33,200 euros in exchange).

The official price of Kia Ev5 in China is also Cheaper than expected considering its benefits. It is a slightly more compact SUV than the Tesla Model Y, with a body that draws attention to its rectangular appearance and dimensions: 4615 mm long, 1875 mm wide and 1715 mm high. It is also produced on the Hyundai E-GMP platform, so the base version is expected to have a battery with a capacity of 58 kWh battery and 27 kW (170 hp) rear-wheel drive engine. Considering these characteristics, The model was expected to go on sale for around €40,000 for a replacement.

The price of Kia EV5 in Europe will be different

The Kia EV5 price in China is undoubtedly a hit in the electric car market. It also shows a new trend in the EV market in Asia, where prices are getting cheaper. Proof of this are the numerous discounts that Tesla has made on the Model Y, as well as the price at which the Volkswagen ID.3 is available. In particular, it is from 142,900 to 119,900 yuan, that is, approximately 15,200 euros for exchange.

Now we must take into account that, most likely, this will not be the price at which the Kia EV5 will be available on the European market next year. Tesla Model Y, for example, is sold in Europe for 46,490 euros – in China, we recall, for about 33,000 euros in exchange. The difference is approximately 13,000 euros. Therefore, and if we take into account these data, it is likely that in Europe the Kia EV5 will sell for around 30,000 euros.

Yes, this is still a very attractive price to compete with Tesla and other electric car manufacturers, but it is far from the economic price that is in the Asian market.