Renault's new budget model turned out even cheaper than expected

The new low-cost electric car Renault 5 E-Tech EV 2024 has already hit the market. The long-awaited retro-styled budget model turned out to be even cheaper than initially expected.

Details are available on the company's website. The price of Renault 5 E-Tech starts from 24,000 euros. This is a great offer, a truly budget-friendly electric car. At the same time, in some countries there is a bonus of 4,000 euros and the cost is reduced to 20,000.

This is currently the middle modification in the lineup with a capacity of 120 hp with a 40 kWh battery pack and a range of 312 km. The top version (150 hp and 410 km) is priced at 29,500 euros (25,500 euros including the bonus).

The retro design of the Renault 5 E-Tech electric model continues the styling of the 2021 concept, which hinted at a production car. The new electric car was made to look like the Renault R5 budget hatchback, which was produced from 1972 to 1996.

Interestingly, a cheaper version with 40 kWh and a 300 km range and 95 horsepower will be offered later. It will be the cheapest Renault 5 E-Tech.