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Australia’s most affordable electric vehicle is a little less affordable.
MG has increased pricing of its ZS EV effective July 1, coinciding with a longer warranty. The electric small EV now costs $44,990 drive-away, a $1000 increase on previous. While that’s bad news, on the flipside the EV is now covered by the same seven-year warranty as the rest of the ZS range; previously it was only offered with a five-year warranty.
Despite the price increase, the ZS EV remains the most cheapest EV in Australia, undercutting the Hyundai Ioniq Electric Elite by almost $5000 (the Hyundai is priced from $49,970 plus on-road costs).
The price rise also coincides with a new raft of financial incentives for EV buyers around Australia. Victoria introduced a $3000 rebate for EV buyers (as well as a 2.5c per km road user charge) on July 1, while the New South Wales, Australian Capital Territory and Tasmanian governments have all announced that EVs will be exempt from stamp duty.
The Chinese-owned British brand has also increased the price of its other electrified model, the HS PHEV. It’s also been subject to a $1000 price bump, now starting at $47,990 drive-away for the Toyota RAV4 Hybrid rival. It also now has a seven-year warranty, so all MG models have uniform coverage.
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