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Home Featured

MG bumps up price of Australia’s lowest cost EV

January 4, 2025
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MG bumps up price of Australia’s lowest cost EV
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Australia’s most reasonably priced electrical automotive has skilled a value enhance as 2025 begins, including hundreds to its price, whereas nonetheless sustaining its place because the third best-selling EV in 2024.

The MG4’s Excite variant now begins at $34,990 driveway, up from December’s value of $32,990. Moreover, the costs for the MG4 Excite 64 and different variants with manufacturing facility bonuses have reverted to their normal really helpful retail costs.

Presently, manufacturing facility bonuses of as much as $8,000 apply to the Essence 64 and Lengthy Vary 77 fashions, in addition to the dual-motor X-Energy scorching hatch.

In New South Wales, costs for these fashions are listed from $45,137 driveaway for the Excite 64 to $59,791 driveaway for the X-Energy. The MG4 Excite 51 presents a number of interesting options, together with:

– A driving vary of as much as 350km (WLTP) from a 51 kWh Lithium-Iron-Phosphate (LFP) battery
– Acceleration from 0-100km/h in simply 7.7 seconds
– Compatibility with Apple CarPlay® and Android Auto®
– A balanced 50:50 weight distribution
– Rear-wheel drive
– Car-to-load (V2L) functionality
– A 5-Star ANCAP Security ranking

Within the first 11 months of the 12 months, the MG4 has turn out to be the model’s best-selling EV, with over 6,000 gross sales in 2024, securing the third place in year-to-date EV gross sales as of November. A major enhance occurred in October when the Excite 51 variant was supplied at an all-time low value of $30,990 driveaway, resulting in 1,486 gross sales and permitting MG4 to outperform Tesla in that month. Since then, costs have progressively risen, with January marking the height for the bottom variant.

The MG4 faces competitors from the GWM Ora, which has additionally seen value reductions all through 2024, with its entry-level mannequin now the most affordable EV in the marketplace at $33,990 driveaway, a $2,000 discount from its earlier value.

As the brand new 12 months begins and competitors available in the market will increase, will probably be attention-grabbing to see whether or not the pricing for the award-winning MG4 stays secure. The newest pricing for the Excite 51 variant shall be efficient till January 31, 2025. For extra info on accessible EV choices and the newest gross sales information, go to the EV Fashions web page.



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