Hyundai Dethrone Tesla In Electric Car Market

by Rae Castillon

Electric car industry giants Tesla, have been dethroned in the electric car market by South Korean manufacturer Hyundai, according to new stats released by an Irish insurance company Chill. has crunched the numbers to find out the total cost of charging an electric vehicle to complete 100km. Taking into account the costs of a standard and quick charge, the company has analysed 95 different electric vehicles. Their research focuses on the cars battery size (kWh) and range (km) to uncover exactly how much it would cost to “fuel” each vehicle to complete a 100km journey.

With a total battery capacity of 40.4kWh, it was found that Hyundai’s new IONIQ Electric model would cost €4.94 on a quick charge, decreasing to just €1.61 when charged overnight at home.

Hyundai were very much the stars of the survey, with their two Kona Electric models also both making it into the top 10, finishing in 6th and 7th respectively. The only other manufacturer to fill as many places in the top 10 was Tesla, who had to settle for 2nd with its Model 3 Standard, which was found to cost €4.99 for a quick charge and €1.62 when charging at home.

Italian manufacturer Fiat also performed strongly in the survey with its retro styled 500e, as well as the convertible and hatchback variants coming in 4th and 5th, with costs of €5.14 and €1.67 for quick and home based standard charging.


It was the German manufacturers who came out worse from the study, with Mercedes EQV 300 being the most expensive to charge, with costs of €9.24 and €3.00 respectively. Audi just about managed to avoid the wooden spoon with the e-tron S 55 quattro which would cost €9.00 and €2.92 using the same metrics.

The total cost of charging is not the only area where the Mercedes falls short, with the EQV 300 having also divided opinion when it comes to aesthetics, with many critics comparing it to a standard commercial van in appearance. With prices starting at $78,475, the EQV 300 really doesn’t have too much going for it.

The Hyundai IONIQ electric meanwhile, has drawn praise for its retro styling, which when combined with its lower charging costs and much lower initial selling price, makes the South Korean model a much more attractive proposition for motorists.

Surprisingly, Jaguar did not make an appearance in the top 10 despite committing itself to an all electric vehicle fleet by 2025. The Tata owned manufacturer will certainly have to step up a gear if it is to compete with the ever more impressive Hyundai.

Another surprise of the survey was the strong performance of Lucid Air, which scraped into the top 10 in 9th position. The independent manufacturer plans on starting production of this new model in Spring 2021, after a long gestation period with the initial prototype having been first shown off to the public way back in 2016. It remains to be seen whether or not the American company has what it takes to compete with multinational brands when it comes to new car sales.

We’d love to know your thoughts on electric vehicles. Let us know over on social using #EVChargingCosts.

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