What's the difference?
You wouldn’t know it to look at it, but this is a brand-new — as in really and truly all-new — Fiat 500.
That has got to be a big deal for fans of Fiat’s pint-sized city car, with a genuinely all-new 500 about rare as spotting Halley’s Comet soaring over Turin. The last time was way back in 2007, by the way, and that car will remain on sale alongside this new one for the foreseeable.
But that’s not the only surprise. This 500 is also entirely electric, properly modern inside, and it has actual technology in its cabin and on its safety list.
Fiat reckons this is a big reset for the 500. And that there will never be another all-new petrol model again.
So, how does this new 500e stack up against the recent flood of small EVs, predominantly from China?
Let’s go find out.
The arrival of the GWM Tank 500 Ultra PHEV is noteworthy because it’s the first plug-in hybrid Tank model in Australia.
It’s also a major event for the Aussie adventure-travel community because it’s a plug-in hybrid 4WD with five seats, high- and low-range gearing, and a front, centre and rear diff lock.
The Tank 500 PHEV gets more power and torque than its hybrid stablemate, offers about 120km electric-only driving range (listed), and it can be used as a 6kW mobile power station (V2L) at your campsite. Towing remains at 3000kg.
There’s a lot in this Tank’s favour: it’s a body-on-ladder-frame chassis large 4WD with a packed standard features list and real off-road adventure potential.
All of that – and more – for under $80 grand.
But does the plug-in set-up add anything substantial in terms of daily driveability or does it simply make this Tank an $80,000 camp-site generator?
Read on.
A fun, funky EV which will no doubt appeal to lovers of Italian style, but also one which struggles a little on the range and price front.
Still, there’s no doubt that electrification has improved the Fiat 500 formula.
The GWM Tank 500 Ultra PHEV is an impressive five-seat 4WD wagon. It’s reasonably nice to drive, it’s comfortable and it’s a capable 4WD. These vehicles keep improving and are increasingly stacked with characteristics to like.
There are still glaring range-specific issues with some of its driver-assist tech and its plug-in hybrid set-up doesn’t offer the fuel economy you’d hope for. At least not under real-world testing conditions. But the Tank 500 is packed with features and represents decent value-for-money when cross-shopped against the likes of its stablemate the regular hybrid, or the Prado and Everest.
It looks, well, it looks like a Fiat 500.
It’s actually bigger in every dimension than an ICE cinquecento, but it doesn’t really look like it, which is a good thing.
The 17-inch wheels look great, and big against the very small Fiat, and I like the hidden doorhandles, which make the already smooth-looking 500’s flanks look a little smoother still. But I can take or leave the little DRLs up front that are meant to act as little illuminated eyebrows for the headlights, which come over a bit too cutesy.
But I think the highest compliment I can pay it is that it looks like a regular Fiat 500 — one of the most successful reincarnations of a timeless design ever — and not some modern, eco-friendly version that would have killed the look.
In the cabin, however, it’s definitely a more modern affair, with the big screen, the horizontal push-button gear selector, and the nifty push-button door openers.
Still, it’s all pretty familiar Fiat 500, only a little nicer, even if some of the plastics are far too hard and scratchy for a vehicle this expensive.
There are five colours available: Ice white, Onyx black, Rose gold, Ocean green and Celestial blue.
In terms of dimensions, the Tank 500 Hi4-T PHEV is 5078mm long (with a 2850mm wheelbase), 1934mm wide and 1905mm high. It has a listed kerb weight of 2820kg, so it’s not an insubstantial vehicle.
There are plenty of old-school 4WD design cues in the Tank 500’s appearance. It’s mostly chunky and straight up and down, with some softer curves here and there as concessions to contemporary styling.
It's clear to see where the GWM Tank 500 takes its cues from – most of the current crop of popular 4WD wagons, such as the Toyota LandCruiser 300 Series.
The Tank 500 is a large vehicle straddling that line between large and extra-large 4WD wagons. It is longer than any 300 Series, but it’s narrower and shorter.
It has a sunroof, roof rails, electric side steps (that extend when doors are opened and retract when doors are shut) and 18-inch alloy wheels.
The interior is well laid-out and functional with some understated class to it. There are soft-touch surfaces and genuine Nappa leather seating throughout.
The 500e is 29mm taller, 61mm longer and 56mm wider than the current ICE Fiat 500 (now 1529mm, 3631mm and 1683mm respectively), and it rides on a longer wheelbase, too .
That means more front-seat room and head room, but there’s still not oodles of space in the four-seat cabin, and especially in the back, where things are pretty tight.
I’m 175cm tall, and my head touches the ceiling in the back, and if I had another full-size human in the back with me, I’d want it to be someone I know well, because we’d be well and truly aquatinted by the time we got to our destination.
The front seats are more accomodating, but there is a strange tightness to the pedal area for the driver. It’s so tight, in fact, that when you rest your left foot, you have to be careful not to accidentally clip the brake pedal when driving.
The boot is a small 185 litres, too. But you’re not buying this for practicality perks, are you?
This Tank 500 has five seats because the two at the very rear have been removed to accommodate the hybrid battery.
The front seats are Nappa leather, power-adjustable (eight-way for the driver, six-way for the front passenger), as well as being ventilated with massage and memory functions.
The three-position second row – set up in a 60/40 split-folding configuration – breaks the usual 4WD wagon second-row seat tradition of being fine but not fantastic. The second-row set-up in this Tank is a first-class-cabin-style back seat with a flip-down control console (which includes air-con controls) instead of a basic centre armrest.
As mentioned there is no third row in this Tank 500 because of its underfloor battery.
Up front, the 14.6-inch multimedia screen (with wireless Apple CarPlay and Android Auto) dominates the dash. It's generally easy enough to use, although I had difficulty getting my iPhone hooked up to the system and the cabin set-up remains clunky and counter-intuitive in its operation.
The cabin has wireless charging, front and rear USB ports, as well as 12V and 220V power outlets.
The second row folds away to expand the rear storage capacity. Cargo volume is a listed 640 litres when all seats are in use and 1400 litres when the second row is stowed away.
The rear cargo area has tie-down points and a cargo slide cover.
The 500e is not cheap by modern small EV standards — we’re looking at you, China — but it does arrive in one well-equipped trim level, called La Prima, with paint the only available option.
It's also, quite shockingly for anyone who has driven an ICE Fiat 500 lately, stacked with some truly high-tech kit.
There’s heated seats for the first time ever, for example, and there’s 10.25-inch central screen with Apple CarPlay and Android Auto, and wireless charging.
There’s a digital driver display, too, plus there’s faux-leather on the seats and dash, a panoramic glass sunroof and fancy push-button front doors (though with a mechanical back-up lever hidden in the door pockets should something go pear shaped).
Outside, you’ll find 17-inch alloys, as well as LED lightning all around, including the DRLs, and there’s keyless entry and push-button start, too.
But, and it’s a significant but, the 500e lists at $52,500 before on-roads , which — when you consider its size, battery and range — really edges it into the premium EV space.
A similar-sized EV from China can be had for under $40k, which means you are going to have to really love the 500e to drop that extra $15k or so.
The GWM Tank 500 PHEV is only available in high-spec Ultra trim and has a listed drive-away price of $78,990.
Standard features in the Ultra include a 14.6-inch multimedia touchscreen (with wireless Apple CarPlay and Android Auto), three-zone climate control, 18-inch alloy wheels, electric side steps, a 360-degree view monitor plus 'clear chassis view', auto parking assist, auto reversing assistance, lane departure warning and lane keep assist, all-terrain driving modes and an electronic rear diff lock.
Worth noting the Tank 500’s 37.11kWh battery supports Vehicle-to-Load (V2L) functionality, which means you can power your camping gear (lights, fridge etc). It offers up to 6.0kW of off-grid power, according to GWM.
'Marble White' paint is standard. Metallic paint, including 'Crystal Black' ($495), 'Dune Gold' ($595), and 'Onyx Silver' ($595) costs extra.
A single front-mounted electric motor delivers the power here, with 87kW and 220Nm on offer. Enough, Fiat says, to knock off 100km/h in 9.0 seconds. But it does feel quicker than that in real life, thanks to the way electric vehicles deliver their power.
There’s the usual EV single-speed gearbox, too, with power sent to the front wheels.
Every Tank 500 Hi4-T PHEV has a 2.0-litre turbo-petrol engine, a 37.11kWh lithium-ion battery and an electric motor. And that combination produces a total* of 300kW and 750Nm.
* Electric motor 120kW, petrol engine 180kW at 6000rpm. Motor 400Nm, engine 380Nm at 1700-4000rpm.
This system is mostly seamless in operation but as for GWM’s claims that it delivers “outstanding efficiency, performance, and refinement smooth, responsive take-offs, strong acceleration, and exceptional fuel savings - while ensuring minimal noise and maximum driving confidence”. Well, let’s just say this Tank 500 gets off the mark well for a large 4WD but the prompting requires a heavy right foot.
It is generally quiet and comfortable and yields a smooth driving experience. And as for fuel saving, flick your eyes down to ‘Efficiency’ to see how it did on this test.
This Tank 500 has a nine-speed automatic transmission, low- and high-range 4WD gearing, as well as a front, centre and rear diff lock.
The Fiat 500e’s 42kWh battery provides a smallish 311km driving range on paper, but when we got in it was more like 290km at 96per cent charged. A city car, then, rather than a long-distance hauler.
When it does come time to charge, you’re set up for 85kW DC fast charging which should take you from zero to 80 percent in 35 minutes.
Official fuel consumption is 2.1L/100km on a combined cycle on regular unleaded fuel (91) with low-charge consumption at 8.4L/100km. For reference, low-charge fuel consumption on this test was 10.2L/100km as recorded. Okay, but not a particularly compelling result.
The Tank 500 has a 70-litre fuel tank so, going by those fuel figures, you could reasonably expect a driving range of about 686km out of a full tank.
This is the probably the best-driving example of the Fiat 500 I’ve ever climbed into. Sure, it’s not quite as engaging as self-shifting a perky little manual, but it’s smoother, easier and more comfortable, and a whole lot better than ICE vehicles fitted with Fiat's odd dual-logic automatic gearbox.
The EV transition genuinely suits the little Fiat, admittedly sapping a little character, but also thoroughly modernising the drive experience, with smooth, constant acceleration, sharp-enough steering and a ride that’s mostly settled, only really becoming crashy over the bigger road imperfections.
The small dimensions here also help the EV reincarnation. Yes, it’s heavier than you might expect, weighing in at 1290kg (tare), with the batteries adding several hundred kilograms to the equation, but the 500e still doesn’t feel overly heavy, with the little Fiat remaining pretty light on its feet.
There are three drive modes on board, including the catchy Sherpa mode (because it will help get you where you’re going), which, when you’re running low on battery, kills the climate control and anything else it needs to preserve range and get you home.
But you can’t shake the feeling that the 500e is a little expensive for such a specialist tool. It’s unashamedly a city car, but one that will cost you more than $50k, and which doesn’t feel quite premium enough in the cabin to justify that asking price.
The Tank 500 Hi4-T PHEV is decent on road – and that’s good news for anyone thinking about buying this large 4WD.
It has more power and torque than its hybrid stablemate (300kW/750Nm vs 255kW/648Nm) for general day-to-day drivability while it retains all of the regular hybrid’s positive driving characteristics and few of the negatives.
This Tank 500’s turbocharged petrol engine and the electric motor work seamlessly together, with no discernible clunking or shifting between systems in the powertrain.
This is a big, heavy four-wheel drive – even heavier in this plug-in hybrid form than the regular hybrid because of this vehicle’s battery. But it is nicely settled and composed because of that weight.
This flip side is the extra heft on-board means there is some body-roll to this vehicle. It’s noticeable, but not a deal-breaker.
On highways, sealed surfaces or well-maintained bush tracks the Tank 500 is quite impressive. It’s settled, controlled and quite nice to drive.
Overall, this Tank 500’s suspension – double wishbone independent with coil springs at the front, and multi-link live axle with coil springs at the rear – is firm. There has been talk of it having been retuned for Australian conditions, but it remains stiff and jittery at pace, especially through backcountry bitumen in poor condition and lightly corrugated dirt roads. However, GWM informs me that the suspension set-up will undergo more retuning for Australian conditions and those changes will be incorporated into 2026 production vehicles.
Besides that, the engine, electric motor and transmission work quite well together. It is a reasonably smooth 4WD wagon to drive.
There are, however, glaring issues with the driver-assist tech, which is quite annoying in its operation. It’s either very jarring or intrusive in its application (example: adaptive cruise control braking way too early), or bloody annoying/dangerous (example: road-sign recognition abruptly tried to cut my speed from 100km/h to 40km/h because it registered the school zone sign off to the side of the highway. At the time it was outside school drop-off and pick-up times anyway.).
You can switch off the driver-assist features every time you start up, but the system resets and defaults to being annoying again when you switch off.
When it comes to 4WDing though, the good news returns.
This hybrid retains all of the regular Tank 500’s 4WD mechanicals, including the (BorgWarner-sourced) transfer case with high- and low-range 4WD, and it offers up plenty of torque across a decent spread of revs.
The off-road traction control system is suitably dialled in, hill descent control is effective, keeping you to a nice controlled low speed and there’s low-speed cruise control or the equivalent that keeps the vehicle to a controlled pace across varying terrain.
Not forgetting, the Tank 500 is triple locked – front, centre and rear diff locks – so there are few excuses to not be able to crawl over most off-road obstacles.
However, the tyres on this vehicle (Giti Xross HT71 SUV - 265/60R18) aren't up to scratch when it comes to off-roading beyond anything other than well-maintained tracks in the dry. The Tank 500 as is well suited, straight out of the dealership, for light to moderate off-roading. But if you swap in a decent set of aggressive all-terrain tyres the Tank 500 will be able to more comfortably take on more challenging terrain.
But it's capable of climbing. I took on a 30-35 degree incline of rock steps and the Tank 500 did it easily and comfortably on its standard highway tyres.
Most of the plug-in hybrid Tank’s off-roading characteristics check out. Approach, ramp over and departure angles are as per the regular hybrid Tank 500 (30, 22.5 and 24 degrees) and wading depth is a listed 800mm although the country was so dry at our proving ground that I never had the chance to test that claim.
Ground clearance on the Tank 500 Hi4-T PHEV is listed as 213mm (it’s 224mm in the normal hybrid) but that doesn't negatively impact this vehicle's off-roading capability if you drive it with control and consideration.
It is big, so it can be a little bit tricky to steer around, especially when the track becomes tighter and the obstacles become a bit more cheeky, but generally this can be driven very safely and with the utmost control through a lot of tricky four-wheel driving challenges.
It's not as polished in its off-road performance as something like the Toyota Prado or Ford Everest, but it does the job and there's a bit of a gruff edge to it, which some people might consider part of its charm.
As mentioned, the Tank 500’s 37.11kWh battery supports Vehicle-to-Load (V2L) functionality, which in theory means you’ll be able to power your camp-site (lights, fridge etc), but I’ll reserve final judgement on this set-up until I have the opportunity to test it over a long weekend with several appliances drawing power at the same time.
If you’re thinking about using this Tank PHEV as an adventure touring vehicle then it’s handy to know its payload is listed as 610kg, while it’s noted as 790kg in the Tank 500 HEV. Throw two adults, two teenagers, a dog, and camping gear in and you’ll hit that 610kg mark in no time.
The Tank 500 is rated to tow a 750kg unbraked trailer and 3000kg braked. Gross vehicle mass is 3430kg and gross combined mass is 6430kg.
There’s a heap of active safety stuff on board (again, unusual for a 500), with active cruise control, traffic sign recognition, front, rear and side parking sensors, blind-spot monitoring, AEB with pedestrian and cyclist detection, and more.
Still, the 500e only secured a four-star ANCAP safety rating, scoring just below the five-star cut off in Adult Occupant Protection, Child Occupant Protection and Safety Assist, with a lack of a centre airbag not helping.
The Tank 500 has the maximum five-star ANCAP rating from testing in 2024. As standard, it has seven airbags and a comprehensive suite of driver-assist tech including AEB, lane departure warning, adaptive cruise control, tyre pressure monitoring, front and rear parking sensors and a 360-degree around-view camera.
The fly in Fiat’s ointment is its ownership proposition, with a three-year, 150,000km warranty now way below par in Australia these days, even if the battery is covered for the standard eight years.
Servicing is every 12 months or 15,000kms, and will cost $250 a pop for the first eight years, which is commendably cheap.
The Tank 500 is covered by a seven-year/unlimited km warranty, seven years' roadside assistance and seven years' capped price servicing.
The Tank 500’s 37.1kWh traction battery has an eight year/unlimited km warranty.
The first service is scheduled at 12 months/10,000km; the rest of the servicing appointments are set for every 12 months/15,000km. Lowest price per services is $335, highest is $975.
GWM has 122 dealerships nationwide at time of writing.