Big price cuts for BYD, Chery and Kia
By Tim Gibson · 22 May 2026
It is that time of the year again when car brands target a last flurry of sales before the end of the financial year. These deals often tell a story of what stock brands need to move, and in a time when electric vehicle sales are more important than ever there are some strong deals on show. Here is a look at some of the best ones going around in 2026.Kia is offering discounts across many of its models, with the most noticeable one being for its struggling Tasman ute. The range-topping X-Pro Tasman now starts from $64,990 (drive-away), equating to a more than $10,000 discount on before on-road costs pricing. The deal is available until the 30 June 2026. Kia’s strong-selling EV3 and EV5 have also picked up sizeable drive-away discounts ending 30 June 2026. The EV3 is available from $46,990 (drive-away), which equates to free on-road costs, as well as a further small discount.The EV5 has received an even more substantial discount, starting from $49,990 (drive-away), with it previously available from $56,770, before on-road costs. Hyundai has also put out some standout deals, especially on its electric range. But you'll need to move fast, with the offer ending on May 31, 2026.The brand’s Kona Electric range all have substantial discounts, with a starting price of $45,990 (drive-away).The recently-launched Elexio SUV is available from $57,990 (drive-away), with it previously on sale from $58,990, before on-road costs. The Ioniq 5 is another of Hyundai’s models being offered with a noticeable discount, starting from $71,990 (drive-away) until 31 May 2026. MG is currently offering discounts across its range to conclude the financial year, with all deals running until 30 June, 2026. One of the biggest deals offered by the brand is a $6000 cashback offer on plug-in hybrid variants of its mid-size HS SUV.Petrol and plug-less hybrids examples are available with a $3000 cashback offer, which is also available on the QS large SUV and the U9 ute. Additionally, these $3000 cashback deals include five years of free servicing on the vehicles. There are also minor conditional discounts on the ZS small SUV and MG3 hatch currently. BYD is offering $3000 cashback on several of its models in Australia for vehicles delivered by 30 June 2026. The Premium variant of the popular Shark 6 plug-in hybrid ute gets the deal, and is now available from $54,900 (before on-road costs). Both variants of the Sealion 5 PHEV mid-size SUV, are also eligible, meaning it starts from $30,990 (before on-road costs). The Sealion 6 and Sealion 8 PHEV SUVs are available with the $3000 cashback offer. Chery is another brand to get in on the end of financial year deals. Its Tiggo 7 plug-in hybrid large SUV has discounts of $5000, now starting from $34,990 (drive-away). The hugely popular Tiggo 4 small hybrid SUV and Tiggo 8 plug-in hybrid large SUV are being offered with a $2000 factory bonus discount. Offers run until 30 June 2026.Ford has substantially reduced the price of its plug-in hybrid Ranger lineup, with it now starting from $62,000 (drive-away) down from $71,990 (before on-road costs) until 30 June 2026. This price cut brings it closer to the price of the rival BYD Shark 6, which retails from $57,900 (before on-road costs).Some variants of the diesel Ranger are also being offered with sharp drive-away deals. Toyota’s full-size Tundra hybrid ute has received a more than $10,000 discount for models from 2025 as part of a deal to remove on-road costs and add a cashback offer. This means the ute is now available from $145,990 (drive-away). The offer lasts until June 30 2026.