MG4 Becomes Australia's Cheapest EV Following Price Cuts

MG Motor Australia has slashed the price of the base MG4 51 Excite to just $30,990 drive-away, becoming the cheapest electric car available in Australia. It undercuts the next most affordable electric vehicle, the GWM Ora by $4000.

It now similarly priced or cheaper than similarly sized traditional petrol-engined small cars, including the Toyota Corolla SX Hybrid ($35,260), Mazda 3 G20 Evolve ($32,020), and Hyundai i30 Elite ($30,800) - excluding on-road costs.

The next cheapest offering from MG is the MG ZS Excite priced at $34,990 drive-away.

The price reductions result in savings of up to $10,425, depending on the state/territory.

The reduced prices will be offered from September 20 to October 31.

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• 2023 MG4 price and specs

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Image by - Neerav Bhatt

MG is also offering an $8000 factory bonuses on other MG4 MY23 models and $5000 for MY24 models.

These prices cuts follow price discounting across the board over the last six months with other popular EV models like the GWM Ora, BYD Seal, Tesla Model 3 and Y and Polestar 2 all reducing prices, aiming to boost sales and clear 2023 excess inventory.

Head to the official MG4 page to book a test drive or place an order.