What’s Coming in Electric Motoring – from Toby Hagon

Motoring Journalist Toby Hagon is a great friend of INSIDE EDGE and shares his views with us on the new Electric Vehicles coming to market.​

Electric vehicles (EV’s) have been slow to arrive in Australia compared with other parts of the world. But as with interest levels and sales, the action is heating up. Over coming months there are plenty of significant arrivals, widening the leasing options for those keen to experience the performance and technology.

For those looking for an alternative to the current crop of EVs, and how to create a Novated Lease to suit, here are some of the highlights.

Hyundai Ioniq 5

Hyundai in Australia is embracing the zero emissions movement, as the only brand currently offering hybrids, EVs and a fuel cell electric vehicle. But it’s the Ioniq 5 many are waiting for because it’s the Korean brand’s most serious EV play by a long shot.

With some retro-infused styling and an all-new EV-only architecture, the crossover five-door is bigger than it looks.

Launching in October – and with a waiting list already – it will be available as a rear-drive base model or all-wheel drive with more punch.

Kia EV6

The sister brand to Hyundai wants in on the EV action with its EV6, a twin-under-the-skin to the Ioniq 5.

Ushering in a new look for the brand and bringing a decent tech injection – digital screens and all – the EV6 promises some Tesla-rivalling crossover excitement.

It’ll also take the performance high ground, with a GT version that promises to shade the Kia Stinger; there’s a full 430kW and 0-100km/h acceleration of 3.5 seconds, better than some versions of the Porsche 911.

Tesla Model Y

The SUV equivalent of the hugely successful Model 3 should arrive in Australia within months.

Certification has already begun for a car that looks set to arrive in three flavours: Standard Range Plus, Long Range and Performance. With up to seven seats, the Model Y promises to open the fast-growing brand up to a new buyer group.

Expect at least the base model to sneak in under $70K to take advantage of the various EV rebates around the country.

Polestar 2

Not only a new car, but a new brand to boot. Polestar is a spin-off of Volvo and has Tesla squarely in the crosshairs.

All its cars will be electric, the first of which is the unimaginatively named Polestar 2, a crossover-inspired five-door. With Swedish design and the new Android Automotive OS for the infotainment system, the Polestar 2 is all about the user experience in a car that should start somewhere around $65K.

Details will be revealed by November with deliveries in the new year.

BYD SUV

It’s a big player in China and BYD is planning the same in Australia when the first cars start arriving by the middle of next year (pricing and details will come later in 2021).

There will be no dealerships, with the emphasis on value and online sales through the EVdirect.com.au website. A small-to-medium SUV known as the Yuan Plus will be the first to arrive, albeit wearing a different name for Australia. And a sub-$30K hatch is also on the menu, as well as the Tesla-fighting Han sedan.

With backing from investment guru Warren Buffett, BYD could be a dark horse in the emerging EV space.

Audi e-Tron GT

Porsche Taycan 800V charging and serious pace lie beneath arguably one of the prettiest Audis ever created.

But the e-Tron GT that sits at the top of the fast-growing family is a lot more than a pretty skin.In RS guise the e-Tron will be the most powerful Audi ever unleashed, with a whopping 475kW.

None of which is likely to come cheap. Pricing could kick off around $150K.

BMW i4

It’s an electric 3-Series by any other name, although BMW clearly wants some separation between the two, hence the different name for a car arriving late in the year.

That and the fact the visually distinctive i4 was created from the ground up as an EV, rather than adapting an existing architecture.

The rear-drive i4 eDrive 40 starts in the low-six-figure bracket while the more powerful i4 M50 brings another motor and AWD for more money.

Inside Edge Director Mark Telfer says

“For those looking to dive into their first EV, the option of a Novated Lease also helps leverage the tax breaks to get set up, from installing a wallbox charger at home to ensuring you have the appropriate charging cables, and then managing on-going costs”

Inside Edge’s Sales and Marketing Director Andrew Kerr explains.

“With a keen eye on the EV market, the Inside Edge crew are arguably better informed than most.”

With lower running costs than petrol or diesel cars, Kerr says the raw savings on a Novated Lease for an electric vehicle may not be as high as a conventional car, but with a personalised solution there are significant benefits to be had.

“There are more choices, too. And the action is spread across the spectrum, including soon-to-arrive top-end models such as the Porsche Taycan Cross Turismo (think Taycan goodness with some off-road flair) and Mercedes-Benz EQS, the latter setting an early template for future limousines.”

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