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2024 Kia Niro hybrid and electric SUV prices up! Has Kia priced itself out of competition against other EVs?

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Kia's new Niro commands a hefty pricetag.
Kia's new Niro commands a hefty pricetag.
Tung Nguyen
News Editor
3 Jul 2023
2 min read

Kia's updated 2024 Niro electrified small SUV line-up has become more expensive, with the full-electric versions now pricier than the Telsa Model Y and Volvo EX30.

Starting with the hybrids, the S and GT-Line grades are now $550 pricier than before, positioned at $44,380 before on-road costs and $50,580 respectively.

However, equipment carries over as before, as does the 1.6-litre petrol engine and electric motor set-up that delivers 104kW/265Nm.

The full-electric S and GT-Line meanwhile, are also tweaked for 2024 with the former copping a chunky $1290 price rise to $66,590 and the latter a modest $260 up to $72,360.

To justify the EV S' bigger increase, Kia has swapped out the old 8.0-inch multimedia touchscreen for the GT-Line's 10.25-inch unit with in-built satellite navigation, connected services and voice controls.

This makes the 2024 Niro EV S more expensive than premium electric SUVs like the Tesla Model Y (now starting from $65,400 after a significant price cut) and Volvo's incoming EX30 that kicks off from $59,990.

The most expensive Niro EV is also just $230 more affordable than the larger and more platform-advanced EV6, which opens at $72,590 in rear-drive Air form.

Kia’s updated 2024 Niro electrified small SUV line-up has become more expensive, with the full-electric versions now pricier than the Telsa Model Y and Volvo EX30.
Kia’s updated 2024 Niro electrified small SUV line-up has become more expensive, with the full-electric versions now pricier than the Telsa Model Y and Volvo EX30.

The Kia Niro EV retains the same 150kW/255Nm electric motor output and 64.8kWh battery that enables a driving range of up to 460km (when tested on WLTP standards).

Kia Australia has also removed the Niro Plus body style from its local line-up, which the brand dubbed a 'PBV' or Purpose-Built Vehicle.

The Niro Plus featured a flat tailgate and tallboy proportions for a boost in interior space.

The Niro Plus was aimed at fleets and business operators, rather than private buyers.

2024 Kia Niro pricing before on-road costs

Variant

Transmission

Cost

Hybrid S

Automatic

$44,930 (+$550)

Hybrid GT-Line

Automatic

$50,580 (+$550)

EV S

Automatic

$66,590 (+$1290)

EV GT-Line

Automatic

$72,360 (+$260)

Tung Nguyen
News Editor
Having studied journalism at Monash University, Tung started his motoring journalism career more than a decade ago at established publications like Carsales and Wheels magazine. Since then, he has risen through the ranks at GoAuto to Managing Editor before joining the CarsGuide team in 2019 as the newly-appointed News Editor. Since starting at CarsGuide, Tung has spearheaded the push for well-researched and unique stories that will shines a light on the automotive industry for new-car-buying intenders, who might struggle to keep up to date with the fast-paced environment of motoring. The last few years alone have seen an explosion of interest in electric cars, as well as a push for autonomous driving, and as News Editor, it is Tung’s job to stay abreast of all the latest and deliver stories worthy of CarsGuide growing audience.
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