European electric car price slashed by $10,000: 2024 Renault Megane E-Tech price slashed to move more units of BYD Atto 3 and Hyundai Kona electric rival

The 2024 Renault Megane E-Tech becomes the latest in a line of electric cars to have its price cut approaching the end of financial year to increase sales. 

The Megane E-Tech Techno EV60 is priced from $54,990 before on-road costs until June 30, a $10,000 discount from the launch price.

It brings Renault's EV, which launched only a few months ago, below popular electric vehicles including the Tesla Model 3 RWD ($58,900) and Hyundai Kona Electric ($58,000).

Read More About Renault Megane E-Tech

Best electric cars arriving in 2024 2025 Renault 5 E-Tech revealed: Reborn EV city car matches leading-edge efficiency, technology and safety with ultra-cool retro-futurist design and potential price to challenge BYD Seal, GWM Ora and MG4 Renault Megane E-Tech 2024 review: EV test

The small SUV that competes with the BYD Atto 3 and Peugeot e-2008 features a 60kWh lithium-ion battery and front-mounted 160kW/300Nm electric motor for a WLTP driving range of 454km and 0-100km/h sprint in 7.4 seconds. 

The battery accepts DC electricity at up to 130kW allowing the Megane E-tech to recuperate 10-80 per cent charge in around 30 minutes on a suitably powerful pylon.

“We’ve been delighted with the response to the Megane E-Tech since its launch in early February,” said Renault Australia General Manager Glen Sealey.

“This limited end-of-financial-year offer, at the key selling period of the year, will ensure we remain competitive”, said Sealey justifying the offer. 

The Techno EV60 feature 20-inch alloy wheels.

As for level of equipment, the Techno EV60 is the sole variant and features 20-inch alloy wheels, cloth upholstery made from recycled fibres, a 12.3-inch digital driver’s display and 9.0-inch multimedia touchscreen with wireless Apple CarPlay and Android Auto. 

So far Renault has shifted 97 Megane E-Tech examples in Australia. Comparatively, BYD has sold 2638 Atto 3s and Volvo already 115 EX30s in its first month on sale. 

The Megane E-Tech follows limited offers for the BYD Atto 3, Peugeot e-2008, Nissan Leaf and Polestar 2. There was also a wholesale Tesla price cut earlier this year fuelling the competitive electric car environment in Australia.