MG MG4 News

The cost of electric cars is coming down at last and it’s happening fast, too, with big brands slashing prices.

Booming car maker MG has raised the prices of its MG4 electric hatchback.The Chinese maker started a tsunami of price cuts when it slashed the price of 2023 MG4 models in March.Those price cuts brought the price down to $39,990 drive-away for the entry-level MG4 51kWh Excite, which was a reduction of thousands.Now MG has lifted the price by $1000 for newer 2024-plated MG4s. The price remains lower than the pre-March drive-away figure and still undercuts the circa-$41,490 drive-away BYD Dolphin.The range-topping Xpower performance variant is the only exception with its price remaining at $59,990 drive-away.An MG spokesperson put the price rise on 2024 models down to increased cost of doing business.“Like other markets and industries, our costs are going up as are the costs to do business so it is only natural that the prices will have to follow that trend, however, we have made a conscious decision to absorb those costs for some models when and where possible.”Buyers can still get their hands on 2023 MG4s according to the brand with plenty of stock across most variants.A price war has been unfolding in the electric car market in the past few months with some makers offering massive discounts on their electric cars.BYD has knocked up to $8000 off 2023 Atto 3 demonstrators and Peugeot slashed $25,000 off the price of its e-2008 small electric SUV. Peugeot has since sold out of the e-2008 and it won't be on sale until an updated model has arrived.Nissan has lopped $16,000 off the price of its slow-selling Leaf electric hatchback.GWM cut thousands off the price of the Ora hatch to $35,990 drive-away, whic. makes it Australia’s cheapest EV.Renault has gotten in on the act too, slicing $10,000 off its Megane E-Tech small electric SUV, which only launched a few months ago.Tesla cut the price of the Model Y and 3 repeatedly in April.The Model Y is between $4500 and $8500 cheaper than it was in March and the Model 3 is between $3000 and $4000 more affordable.High-end makers aren't immune either. Lotus shaved $50,000 off the price of its Eletre luxury SUV before the first vehicles arrives in a few months. 

The battle for Australia’s cheapest EV just added another chapter with MG announcing permanent drive-away pricing for all of its battery electric models. 

This week’s launch of Renault’s new-generation Megane E-Tech EV is the start of a determined product push for the famous French brand, with Renault Australia’s General manager, Glen Sealey confirming an impressive roster of new or updated passenger and light commercial models arriving here over the next 18 months.

Pricing for some of the cheapest electric cars available in Australia has increased as of the new year, as MG has bumped up pricing for one of its models, and the entry grade for another.

Well, that was quite the new-car year, wasn’t it? The wave of electrification continued to wash over the automotive world, China staked its claim a force to be reckoned with when it comes to EVs, and — on the opposite side of the coin — our favourite supercar makers kept churning out the petrol-burning hits.

This year was different. Good different. The Aussie car landscape started to change noticeably as more and more electric cars were introduced, some from brands none of us may have considered before.

Here are my personal and somewhat subjective Top 5 Cars of 2023... and in alphabetical order, because – like reading – objectivity is fundamental.

Ever wondered how Chinese brands like BYD and MG are able to price their electric cars so much more affordably than any other brand? We did and so we decided to investigate.

MG has halted deliveries of its MG4 XPower as the brand races to address a steering issue with the sporty electric hatch.