Peugeot 408 vs Kia EV5

What's the difference?

Unveiled globally in 2022 before arriving here in late 2024 as a plug-in hybrid GT, the Peugeot 408 has been a niche player for the long-established French brand with less than 100 examples finding homes here last year.

But 2025 marked the transition to a new ‘plug-less’ mild-hybrid powertrain for the mid-size crossover-style SUV with the hope it may take a bigger swing at segment heavyweights.

We spent a week with the current 408 GT Premium Hybrid to see if its efficiency-focused petrol-electric set-up has what it takes to win a spot on your upscale five-seat SUV shopping list.

Make no mistake, you are looking at the biggest challenge the all-conquering Tesla Model Y has ever faced in Australia.

It’s the Kia EV5, a mid-size, all-electric SUV the Korean brand thinks will be its best-selling EV by some margin.

Oh, and it’s cheaper than the Tesla, by more than a little bit.

So, is this the electric SUV that might finally put an end to Tesla’s winning run in Australia?