MG4 hatchback becomes Australia's cheapest EV at under A$31,000, following price drops by Tesla and others.

Electric vehicle prices in Australia have fallen, with MG's MG4 hatchback now priced under A$31,000 ($22,000), making it the cheapest EV in the country. This price drop aims to encourage hesitant buyers, following similar reductions by Tesla and others. Despite strong sales, the high-end EV market faces challenges due to a 33% luxury car tax, which experts suggest should be removed to enhance competition.

September 23, 2024
16 Articles