> ## Content Index > Fetch the complete content index at: https://www.carexplore.com.au/llms.txt > Use this file to discover other available public pages before exploring further. # HUGE Price Drops Today Across Tesla Model Y, Chery Omoda E5, Cupra Born - URL: https://www.carexplore.com.au/huge-price-drops-across-tesla-model-y-chery-omoda-e5-cupra-born-battle-of-the-evs-2/ - Published: 2025-01-10T07:16:46.000Z - Updated: 2025-01-10T12:01:58.000Z - Description: Electric vehicle prices slashed across Australia as Cupra, Tesla, and Chery cut costs. Cupra Born reduced by up to $20,000, Tesla Model Y variants now $4-8K cheaper, and Chery Omoda E5 drops $6,000. Price war heats up EV market, making models more affordable to spur mainstream adoption. - Author: Dylan Gow - Tags: Car News, Tesla, Tesla Model Y, Cupra Born, Chery Omoda 5, Chery Omoda E5, Chery BX, Chery EX The electric vehicle ([EV](https://www.carexplore.com.au/tag/ev/)) market in Australia is experiencing significant price drops across multiple brands, making EVs more accessible to a wider range of consumers. Several notable models have seen major price reductions in recent days, with three heavy price reductions in the past 12-hours alone. ## Cupra Born Sees Dramatic Price Cut The[ Cupra Born](https://www.carexplore.com.au/cupra-born-vz-electric-hot-hatch-confirmed-for-australia-in-early-2025/) has had its price slashed by an estimated $15,000 to $20,000: | Component | Previous Price | New Price | | ------------- | ---------------------------------------- | --------------------- | | Base Price | $59,990 before on-road costs and options | $49,990 drive away | | Interior Pack | Optional extra | Now included standard | This substantial decrease makes the [Cupra](https://www.carexplore.com.au/tag/cupra/) Born a much more attractive option for buyers, with the Interior Pack adding further value at no extra cost. [Order Cupra Born](https://www.cupraofficial.com.au/cars/cupra-range/born?ref=carexplore.com.au) ## Tesla Cuts Thousands from Model Y Lineup Tesla has also adjusted pricing across its popular [Model Y](https://www.carexplore.com.au/tag/tesla-model-y/) range: | Model | Price Reduction | | ------------------- | --------------- | | Model Y RWD (2024) | $4,000 cheaper | | Model Y Long Range | $7,000 cheaper | | Model Y Performance | $8,000 cheaper | The new starting price for the [Model Y RWD](https://www.carexplore.com.au/tesla-model-y-juniper-release-date-update-december-2024/) (**2024)** in select states is an appealing $53,700 delivered, plus on-road costs. This applies to VIC, QLD, WA, and NT, with slight variations possible in other states. [Order Tesla Model Y (2024)](https://www.tesla.com/en%5FAU/my/order/LRWY246%5Fa6433378040d9d6e222825c9f0d47b8c?ref=carexplore.com.au#overview) ## Chery Omoda E5 Range Now $6,000 Cheaper Chinese automaker [Chery](https://www.carexplore.com.au/tag/chery/) has implemented a uniform $6,000 price cut across its 2024 [Omoda E5](https://www.carexplore.com.au/tag/chery-omoda-e5/) all-electric lineup: | Trim | Previous Price | New Price | | ---- | -------------- | ------------ | | BX | From $44,659 | From $38,659 | | EX | From $47,659 | From $41,659 | Exact prices vary slightly by state, with the Northern Territory having the lowest starting prices and Western Australia the highest. [Order Omoda E5](https://cherymotor.com.au/models/omoda-e5?ref=carexplore.com.au) ## Implications for the Australian EV Market These significant price reductions across multiple EV brands and models point to some key trends emerging in the Australian market: - **Improved Affordability:** The major price drops are making EVs accessible to a broader consumer base. - **Fierce Competition:** Simultaneous price slashing indicates an intensely competitive market as brands battle for share. - **Accelerating Adoption:** More attractive pricing could speed up Australia's transition to electric vehicles. - **Emphasis on Value:** Inclusions like Cupra's now-standard Interior Pack show a focus on offering more for less. [Chinese EV Automaker Geely to Debut in Australia with EX5 Electric SUV in 2025Geely Auto to launch in Australia in early 2025, starting with the all-electric EX5 SUV. This marks Geely’s entry into the Australian market, part of its global expansion strategy. The EX5 has gained international recognition at major auto events and aims to meet growing demand for EVs in Australia.![](https://www.carexplore.com.au/content/images/icon/CarExplore-Favicon-300.ico)CarExploreDylan Gow![](https://www.carexplore.com.au/content/images/thumbnail/Geely-EX5---Exterior-6-1.jpg)](https://www.carexplore.com.au/chinese-ev-automaker-geely-to-debut-in-australia-with-ex5-electric-suv-in-2025/) [Exclusive: Kia Tasman Dual Cab Spotted in NSW Ahead of 2025 LaunchThe Kia Tasman ute has been spotted on a car transport in NSW, confirming its Australian development and testing ahead of the mid-2025 launch. The prototype sighting suggests Kia is in the final stages of preparation to enter the competitive ute market with the Tasman.![](https://www.carexplore.com.au/content/images/icon/CarExplore-Favicon-299.ico)CarExploreDylan Gow![](https://www.carexplore.com.au/content/images/thumbnail/Screenshot-2025-01-10-at-5.31.33-pm.png)](https://www.carexplore.com.au/exclusive-kia-tasman-dual-cab-spotted-in-nsw-ahead-of-2025-launch/)