Kia EV5 variants and pricing (2026)
Air Standard RangeAirGT-Line
Price (+ on-road)$56,770$61,611$77,361
Battery64.2 kWh88.1 kWh88.1 kWh
Range (WLTP)~400 km555 km~530 km
0–100 km/h8.5 sec8.5 sec5.1 sec (AWD)
DC charging100 kW150 kW150 kW
V2LStandardStandardStandard
FBT exemptYesYesYes
Under LCT threshold$34,617$29,776$14,026
V2L — powering appliances from your car: Vehicle-to-Load lets you plug 230V devices directly into the EV5 via an included adapter. This means you can power a laptop, camping fridge, or power tools from the car's battery — a useful feature for outdoor workers, tradies, or weekend adventurers. The EV5 provides up to 3.6 kW of output.
Novated lease costs — Kia EV5 Air at $61,611
SalaryAnnual sacrificeTax savingGST saving (yr 1)Yr 1 total
$70,000~$22,640~$7,811$5,601~$13,412
$90,000~$22,640~$7,811$5,601~$13,412
$120,000~$22,640~$10,507$5,601~$16,108
Full worked example — $90,000 salary, Kia EV5 Air, 3 years
Vehicle price$61,611
ATO residual (3yr, 46.88%)$28,884
Monthly finance paymentAt 7.5% p.a.~$1,197
Annual finance cost~$14,364
Annual running costsCharging, insurance, rego, servicing~$8,276
Total annual sacrificeAll pre-tax (EV exempt)~$22,640
Taxable incomeDown from $90,000$67,360
Income tax + Medicare saved34.5% marginal + 2% Medicare~$7,811
GST saving on vehicle1/11th of $61,611 (year 1 only)$5,601
FBT payableEV fully exempt$0
Year 1 total benefit~$13,412
Kia EV5 vs Hyundai IONIQ 5 — which for a novated lease?
The Kia EV5 and Hyundai IONIQ 5 are close relatives, sharing Hyundai Motor Group's E-GMP platform. They're comparable on a novated lease, but the EV5 is newer, starts lower, and includes V2L standard across all grades.
Kia EV5 AirHyundai IONIQ 5 RWD
Price$61,611$67,400
WLTP range555 km507 km
DC charging150 kW220 kW
V2LStandardStandard
0–100 km/h8.5 sec7.4 sec
Annual sacrifice (est.)~$22,640~$24,800
GST saving$5,601$6,127
The EV5 costs about $5,800 less than the IONIQ 5 and has more WLTP range, but the IONIQ 5 charges faster at DC (220 kW vs 150 kW) and reaches 100 km/h more quickly. For salary packaging purposes, the EV5 gives you more car for less sacrifice — a meaningful advantage when the tax treatment is identical. See our full EV comparison guide for a broader view across all top models.
Why the Air SR makes financial sense on a shorter lease
The Air Standard Range ($56,770) has a 64.2 kWh battery and around 400 km WLTP range. That's adequate for most Australian commuters covering 50–80 km/day. On a 2-year novated lease, the lower vehicle price means a significantly smaller balloon payment and lower monthly sacrifice — at the cost of range confidence on road trips.
If you regularly drive longer distances or want to avoid range anxiety, the Air ($61,611) adds 155 km of WLTP range for around $1,200/year in extra sacrifice — generally worth it over 3 years.
Kia 7-year warranty: Kia's industry-leading 7-year/unlimited km warranty covers the EV5, including 7 years on the high-voltage battery. This reduces your risk of unexpected repair costs during a standard 3–5 year novated lease term, since most major components remain under warranty throughout.
Frequently asked questions
Is the Kia EV5 eligible for the EV FBT exemption?
Yes. All three grades — Air Standard Range ($56,770), Air ($61,611), and GT-Line ($77,361) — are below the $91,387 LCT threshold and fully FBT exempt under the Treasury Laws Amendment (Electric Car Discount) Act 2022.
Does the Kia EV5 support vehicle-to-home (V2H) charging?
The EV5 supports V2L (Vehicle-to-Load) via a 230V outlet and adapter, providing up to 3.6 kW for appliances. Full V2H (bi-directional home charging that integrates with your home's power grid) requires a compatible V2H-capable charger, which Kia Australia has indicated will be supported via a compatible home charger unit.
Can I include the Kia EV5 in a novated lease from any provider?
Yes. The EV5 is available from all major Australian novated lease providers including Fleetpartners, Maxxia, SG Fleet, and others. Kia has an established dealer network across Australia, so finding an approved service centre is straightforward.
What is the residual value of the Kia EV5 at the end of a 3-year lease?
The ATO sets minimum residual values based on original vehicle cost and lease term. For a 3-year lease, the ATO minimum is 46.88% of the original vehicle price — $28,884 for the EV5 Air at $61,611. This is a minimum; some providers may set higher residuals. At end of term, you can pay the balloon and own the car, trade it in, refinance, or use the equity toward a new novated lease.