Image: AW via Ludicrous Feed
The now Chinese owned brand MG has unveiled Australia’s first sub-$40,000 new electric vehicle – the entry level Excite version of the MG4 which will be priced from $38,990, before on road costs.
The pricing revelation for the MG4, an all-electric hatchback that will be available for purchase from August, makes it the country’s most affordable EV – at a time when interest in switching to electric transport is at an all time high.
The share of EVs in the new car market is sitting well above 7 per cent in Australia over recent months , and more than 20 per cent in the ACT. Until now, however, there have been few EVs on offer for lower than $50,000.
MG says the entry level MG4 Excite 51 will be priced from just $38,990 plus on-road costs, while the 64kWh Excite will be priced from $44,990 plus on-roads, and the 64kWh Essence will be go for $47,990 plus on-road costs.
A 77kWh version of the MG4 will retail for $55,990 plus on-road costs.
“Australians are doing it tough amid cost of living pressures, I know they are feeling those rising pressures at supermarkets, when they’re buying fuel, when they’re paying their energy bills,” MG Motor Australia and New Zealand CEO Peter Ciao
“Like I did when I launched the ZS EV, and as MG has done with our other models, we are creating affordable and accessible cars and the MG4 is helping Aussies get into an electric vehicle sooner than later.”
More to follow
Keyword: MG unveils Australia’s first new electric car under $40,000