Australia’s cheapest EV is here

5/14/2019 Australia EV Renewable

Australia’s electric vehicle uptake has been slow compared to other parts of the developed world, experts do believe that we will catch up as EV prices drop, battery range grows and more charging infrastructure is built.

Concerns have been noticed regarding the cost of producing electricity to power these vehicles. Fortunately, there are great solutions becoming available with Atlantic Power exchange also confident to assist in handling this challenge.

We are just at the beginning of established & new companies bedazzling us with their EV cars. The competition will be seen on many fronts of the car industry to win the heart and business of automotive customers. Considering the price of the acquisition is currently being the biggest challenge for an already receptive market, it is expected that being the most affordable will be one of the main battle fronts initially.

With the official launch of Hyundai’s fully electric Ioniq zero emissions motoring, EV's are certainly becoming more affordable in Australia. Priced from $44,990 for the base ‘elite’ model, the new Hyundai will replace Renault’s $47,490 Zoe as the cheapest electric car on sale in Australia. While it is still significantly pricier than its petrol models, the Ioniq seem to put electric motoring within reach of more Australian motorists.

The five door hatchback is comparable in size to the Korean manufacturer’s popular petrol powered i30 model. With a cited ‘real world’ battery range of 230kms, the Ioniq can charge from flat to 80 per cent within 23 minutes when connected to a 100kW DC fast charging station.

On the sporty performance front, this Hyundai will not challenge the Tesla with its 88kW/295Nm plug in electric that can sprint from a standstill to 100kph in approximately eight seconds, which is comparable with the company’s non-performance petrol hatchbacks. Hyundai’s Australian division are offering an upspec premium model for an extra $4000, which adds heated and ventilated leather seats, LED headlights, wireless phone charging, parking sensors and a glass sunroof.

The small number of moving parts in the electric vehicle drivetrain does help with annual services cost, which is expected to be just $165. Hyundai have also launched hybrid Ioniq models, which look likely to challenge the dominance of Toyota’s popular Camry, Corolla and Prius offerings.

The $33,990 Ioniq Hybrid will pair a 77kW/147Nm petrol engine and small 32kW/170Nm electric motor. With the electric motor being mainly relied on at low speeds, the Ioniq Hybrid has quoted efficiency of 3.9L/100kms and is even priced $2500 cheaper than Toyota’s Prius.

A plug-in hybrid option will be offered from $40,990, powered by the same petrol engine but adding a larger 44.5kW electric motor and 8.9kWh lithium-ion battery to deliver up to 63kms of dedicated electric motoring.

Hyundai’s Ioniq is the first of many new electric cars from major manufacturers due to hit the Australian market within months. Building on the recent launch of the Jaguar I-pace, Nissan’s latest Leaf is due in the new year, along with Hyundai’s Kona crossover, the Audi e-tron and Kia’s Niro.

No matter which EV entices you or when you choose to make the switch, at Atlantic Power Exchange, we are confidant to help power up your EV not only with cleaner energy but more cost effectively.