The MG4 hatchback from MG Motor Australia has become the nation's most affordable electric car, priced at $30,990 until October 31st. This price reduction follows similar cuts by other companies like Tesla, Lotus, Renault, and Peugeot, creating a 'price war' in the mid and entry-level electric car segments.
Electric vehicles have broken through another price barrier in Australia , with the cost of one new model reduced to less than $31,000 for the first time.is only playing out among cheaper and smaller electric cars, with Australia n taxes reducing competition at the other end of the market.
The price cut makes the MG4 Australia’s cheapest electric car, followed by the MG SZ EV that had a price reduction in August, and the GWM Ora hatchback that held the title after a price cut in April . “ ensures all buyers who had been thinking of making the switch to an EV now can thanks to the lower entry point.”in 2024, with more than 3,387 sold until August, according to the Federal Chamber of Automotive Industries.Other companies to cutthis year have included Tesla, Lotus, Renault and Peugeot.
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