Kia could launch an electric version of the Picanto minicar if the automaker can find ways to reduce costs to make the car affordable.
A battery-powered Picanto will be “a big challenge,” said Emilio Herrera, Kia Motor Europe’s chief oprating officer. “But sooner or later, we will have to do it.”
Herrera said he is skeptical that Renault will achieve the goal. “I think that is a very bold statement because one of the most challenging things we have is to make all EVs profitable. And the smaller the car, the more complicated it is. So to have a 10,000-euro EV in that time frame, I see it very challenging and not very realistic,” Herrera told Automotive News Europe,
Despite this, Herrera said Kia is looking into the possibility of an electric Picanto. “There’s nothing confirmed yet, but we are really looking at it,” he said. He gave no time frame for a decision.
Herrera said Kia needs to reduce production costs for a Picanto EV to 16,000 to 17,000 euros.
Kia could try to find synergies with sister brand Hyundai if it wanted to produce an electric version of its i10 minicar, Herrera said.
Herrera said automakers should not count on government incentives that boost EV sales by reducing the price differences between internal-combustion-engine and battery electric vehicles.
In five years, those incentives may be gone because so many EVs will be on the road that it will be too costly for governments to offer subsidies, he said.
Why would Kia take up such a difficult challenge? “Because mini and small cars are so important in Europe. In countries such as Italy they account for 50 percent of the market, so I think we will have to have a battery electric minicar,” Herrera said.