Electric Car Price Comparison: What’s the Real Cost Difference Between Hyundai Kona, MG ZS and Kia Niro Electric Vehicles and Their Gasoline Counterparts? – Car news

What is the real cost of an electric vehicle (EV)?

A recent article in a large mainstream publication suggested that the average price difference between an electric vehicle and a gasoline or diesel equivalent is $ 40,000.

We will dispute this claim, however, as the price comparison of electric vehicles can often be tricky given that electric variants are often fully loaded with equipment to justify their higher prices as well.

Learn more about electric cars

Additionally, many brands often market their EVs as a stand-alone model – such as the Audi e-tron or the Hyundai Ioniq 5 – which are built on their own custom-built platforms and can be similar in size to other nameplates, but are ultimately very different.

This raises another question, however: What is the real price difference between an electric vehicle and an equivalent gasoline model?

Fortunately, there are a few examples of brands that offer both an all-electric powertrain and a choice of gasoline, or gasoline-electric hybrid, under the same nameplate, which makes this comparison easier to understand.

Hyundai Kona

It’s a simple comparison to begin with. Hyundai offers the Kona with either an electric motor or a 2.0-liter gasoline engine. It also offers both powertrains in a pair of matching specs, Elite and Highlander.

The gas-powered Konas is priced at $ 31,600 before road charges for the Elite and $ 38,000 for the Highlander, while the EV Elite starts at $ 62,000 and the EV Highlander at $ 66,000.

That makes a difference of $ 30,400 between the two Elite models, but a slightly smaller gap of $ 28,000 between the Highlanders.

MG ZS

The previously mentioned ZS EV is the most affordable electric model currently available at $ 44,490 by car.

Its closest gasoline model is the Essence grade, priced at $ 25,990. That makes the smallest price difference between an electric vehicle and a gasoline model on our list at just $ 19,000.

Kia Niro

The South Korean brand presented its first electric vehicle, the e-Niro compact SUV earlier this year. But it didn’t stop there, also offering the Niro a hybrid and plug-in hybrid (PHEV) powertrain.

We chose to compare the ‘S’ trim line of the three, with the S Hybrid priced at $ 39,990 before highway costs, the S PHEV starting at $ 46,590 and the S Electric starting at $ 62,590. .

That’s a gap of $ 22,600 between the fully electric hybrid and the gasoline-electric hybrid, and only $ 16,000 between EV and PHEV.

Mazda MX-30

Mazda is another newcomer to the electric group, introducing the MX-30 with a mild hybrid or fully electric powertrain.

The EV is only available in high-quality Astina specs, priced at $ 65,490, compared to $ 40,990 for the Astina hybrid model.

That means a price difference of $ 24,500 between the two powertrains.

Volvo XC40

Last, but not least, on our list of electric vehicle comparisons is the Swedish compact SUV. It’s available with a 2.0-liter gasoline engine, PHEV, and EV under the hood, but none of the models exactly match specifications.

The gasoline R-Design starts at $ 56,990, the plug-in hybrid starts at $ 66,990, and the Recharge Pure Electric starts at $ 76,990.

This gives a relatively simple equation of a difference of $ 20,000 between EV and gasoline, and only $ 10,000 between EV and PHEV.

Judging from this model line-up, we’re calculating that the average price difference between all of these variants is actually $ 21,312, well below reporting a difference of $ 40,000.

As this comparison shows, as EVs grow in number and in some ways more affordable, there is still a long way to go to achieve price parity between a gasoline-powered model and its battery-powered counterpart. .


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