Polestar 2 Long Range vs MG Im5

What's the difference?

The Polestar 2 was one of the first electric vehicles (EVs) in Australia to break through to the mainstream, however it has always been relegated to the Tesla Model 3’s shadow.

As a result Polestar is constantly playing catch up, releasing update after update for this premium-pushing electric liftback. The most notable was a major mid-life update in 2024.

Two years after this, Polestar has just rolled out the 2026 model year (MY26) update which introduces a range of subtle changes, largely under the surface.

It comes as Polestar is now introducing newer models, there’s mounting pressure from legacy carmakers who are only now catching up to EV tech, and Australians are moving away from buying passenger cars to SUVs.

Has this latest update improved the appeal? Read on to find out.

Yep, it’s like deja vu all over again! Yet another fresh name in the Aussie new-car market, but this time in the form of a sub-brand from a carmaker that itself feels like it’s only been around for five minutes (but has in fact been in market here for a decade or more).

We’re testing the MG IM5 Performance, the IM badge standing alone in other markets. There, as here, signifying a new level of equipment, performance and quality.

And we’ve been steering this top-spec, dual-motor AWD version of the pure-electric, five-door liftback IM5, priced and specified to challenge a rapidly expanding group of high-performance mid-size EV sedans now occupying local showrooms.

 So, read on to see if this premium electric performer has what it takes to tempt you into a new option from the latest challenger brand to jump into the ever-intensifying, no-holds barred contest for your new-car dollars.