How much do electric cars cost in Australia? Full market pricing!

"Electric vehicles aren’t affordable."

The price to buy an electric vehicle remains the go-to complaint and barrier to electric car adoption, understandably. But, times are changing.

While new car ‘affordability’ depends on your personal circumstances, there is a growing list of new lower-cost EVs entering Australia that have increased competition and buyer choice.

But what electric models are available and how much do they cost to buy?

JUMP AHEAD

• ⚡️ How much do EVs cost?
• 🏆 What are the most affordable EVs in Australia?

• 💰 Full EV model pricing in Australia, by body type

• 💯 What are the best value-for-range EVs?
• 🤔 Time to make the electric switch?

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⚡️ How much do new EVs cost?

The cheapest new EV in Australia starts from around $40K drive-away – but most models centre in the $60,000 to $90,000 range.

Some state governments offer limited rebates and incentives to further lower the price tag, while the federal government has exempted the fringe benefits tax (FBT) for select electric models on company novated leases and business fleets to cut running costs.

Generally, for the price range of a popular petrol- or diesel-powered 4x4 ute or a medium family SUV today, buyers can comfortably get into most EVs from a size class below or different body type segment.

In the case of some Chinese-made EV models – such as the BYD Dolphin, MG 4 hatch and Tesla Model 3 sedan – their price tags closely match their petrol or diesel engined rivals, if not even cheaper.

As more Australians and fleets make the electric switch, those models will eventually flow on to create a larger and more accessible used EV market.

While electric cars are generally not ‘cheap’, reduced total ownership costs – including cheaper charging costs and less demanding maintenance – mean the price premium (if at all) will be recouped over time as you own the vehicle longer and drive further.

Of course, there are other factors to consider such as how much driving range you really need, the ability (or lack thereof) to ideally charge at home, and typically pricier insurance premiums – so a pure EV may not be right for you depending on your commuting requirements (at least for now).

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🏆 What are most affordable new EVs in Australia?

This story outlines the price of every new electric vehicle in Australia, but which are the cheapest? Check out our guide below for more.

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💰 The price of every new EV model on sale in Australia

🚘 Skip to the EV body style you're most interested in

• Small hatches
• Small/medium sedans and liftbacks
• Large sedans and liftbacks
• Wagon
• Small SUVs
• Medium SUVs
• Large SUVs
• People movers
• Light commercial vans
• Ute

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Small electric hatches

• BYD Dolphin Dynamic* – $38,890
• MG 4 Excite 51 – $38,990
• GWM Ora Standard Range – $39,990
• BYD Dolphin Premium* – $44,990
• MG 4 Excite 64 – $44,990
• GWM Ora Extended Range – $45,990
• MG 4 Essence 64 – $47,990
• GWM Ora Ultra – $48,990
• Nissan Leaf – $50,990
• GWM Ora GT – $51,990
• Fiat 500e La Prima – $52,500
• MG 4 Long Range 77 – $55,990
• MG 4 XPower* – $59,990
• Cupra Born – $59,990
• Abarth 500e Scorpionissima* – $60,500
• Nissan Leaf E+ – $61,490
• Mini Electric SE Yours – $64,975
• Mini Electric SE Resolute Edition – $65,325

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Small/medium electric sedans and liftbacks

• Tesla Model 3 RWD* – $61,900**
• Polestar 2 Standard Range Single Motor – $67,400
• Polestar 2 Long Range Single Motor – $71,400
• Tesla Model 3 Long Range* – $71,900**
• Hyundai Ioniq 6 Dynamiq – $74,000
• Polestar 2 Long Range Dual Motor – $76,400
• Hyundai Ioniq 6 Techniq – $83,500
• BMW i4 eDrive35* – $85,900
• Hyundai Ioniq 6 Epiq – $87,288
• BMW i4 eDrive40 – $102,900
• BMW i4 M50 – $133,900

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Large electric sedans and liftbacks

• Mercedes-Benz EQE 300 sedan – $133,575
• Genesis Electrified G80 – $145,675
• Mercedes-Benz EQE 350 4Matic sedan – $153,575
• BMW i5 eDrive40* – $155,900
• Porsche Taycan sedan – $165,700
• Audi E-Tron GT – $178,875
• Porsche Taycan 4S sedan – $206,600
• Mercedes-AMG EQE 53 4Matic+ sedan – $213,574
• BMW i5 M60* – $215,900
• Mercedes-Benz EQS 450 4Matic liftback – $219,900
• Audi RS E-Tron GT – $246,875
• Porsche Taycan GTS sedan – $249,600
• Porsche Taycan Turbo sedan – $293,900
• BMW i7 xDrive60 M Sport – $306,900
• Mercedes-AMG EQS 53 4Matic+ liftback – $327,075
• BMW i7 M70 – $344,900
• Porsche Taycan Turbo S sedan – $365,100

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Electric wagon

• Porsche Taycan 4 Cross Turismo – $186,500
• Porsche Taycan 4S Cross Turismo – $217,500
• Porsche Taycan Turbo Cross Turismo – $296,600

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Light/small electric SUVs

• MG ZS EV Essence – $44,990
• BYD Atto 3 Standard Range – $48,011
• BYD Atto 3 Extended Range – $51,011
• MG ZS EV Long Range – $55,990
• Peugeot E-2008 – $59,990
• Volvo EX30 Single Motor Extended Plus* – $59,990
• Renault Megane E-Tech Techno* – $64,990
• Volvo EX30 Single Motor Extended Ultra* – $64,990
• Mazda MX-30 Electric E35 Astina – $66,410
• Kia Niro EV S – $66,590
• Volvo EX30 Twin Motor Performance Ultra* – $69,990
• Kia Niro EV GT-Line – $72,360
• Volvo XC40 Recharge Single Motor Plus – $76,990
• BMW iX1 eDrive20* – $78,900
• Volvo C40 Single Motor Plus – $78,990
• Lexus UX300e Luxury – $79,990
• Mercedes-Benz EQA 250 – $82,300
• BMW iX1 eDrive30 xLine/M Sport* – $85,400
• Volvo XC40 Recharge Twin Motor Ultimate – $85,990
• Lexus UX300e Sports Luxury – $87,665
• Volvo C40 Twin Motor Ultimate – $87,990
• Mercedes-Benz EQA 350 4Matic – $102,579

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Medium electric SUVs

• Hyundai Ioniq 5 Standard Range RWD – $64,500
• Tesla Model Y RWD – $65,400**
• Hyundai Ioniq 5 Extended Range RWD – $70,500
• Kia EV6 Air – $72,590
• Hyundai Ioniq 5 Dynamiq Extended Range RWD – $76,000
• Tesla Model Y Long Range – $78,400**
• Hyundai Ioniq 5 Epiq Extended Range RWD – $79,500
• Kia EV6 GT-Line RWD – $79,590
• Ford Mustang Mach-E Select – $79,990
• Hyundai Ioniq 5 Dynamiq Extended Range AWD – $80,500
• Hyundai Ioniq 5 Epiq Extended Range AWD – $84,000
• Kia EV6 GT-Line AWD – $87,590
• Mercedes-Benz EQB 250 – $87,734
• BMW iX3 M Sport* – $89,100
• Ford Mustang Mach-E Premium – $91,665
• Tesla Model Y Performance – $92,560**
• Kia EV6 GT – $99,590
• BMW iX3 M Sport Pro – $104,900
• Mercedes-Benz EQB 350 4Matic – $106,155
• Genesis GV60 AWD – $106,375
• Ford Mustang Mach-E GT – $107,665
• Hyundai Ioniq 5 N* – $111,000
• Genesis GV60 Performance AWD – $113,375
• Lexus RZ450e Luxury – $121,675
• Genesis Electrified GV70 – $126,475
• Lexus RZ450e Sports Luxury – $133,675
• Jaguar I-Pace R-Dynamic SE – $147,475
• Jaguar I-Pace R-Dynamic HSE – $164,275

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Large electric SUVs

• Polestar 3 Long Range Dual Motor* – $132,900 (or $141,900 with Performance Pack)
• Mercedes-Benz EQE 300 SUV – $134,900
• BMW iX xDrive40 – $135,900
• BMW iX xDrive40 Sport – $141,900
• Mercedes-Benz EQE 350 4Matic SUV – $144,900
• Audi Q8 E-Tron 55 – $153,900
• Mercedes-Benz EQE 500 4Matic SUV – $164,900
• Audi Q8 E-Tron 55 Launch Edition – $165,900
• Audi Q8 E-Tron 55 Sportback – $165,900
• Audi E-Tron S – $168,400
• Audi E-Tron S Sportback – $168,400
• BMW iX xDrive50 Sport – $180,400
• Mercedes-AMG EQE 53 4Matic+ SUV – $189,900
• Mercedes-Benz EQS 450 4Matic SUV – $194,900
• BMW iX M60 – $228,400
• Lotus Eletre* – $239,000
• Lotus Eletre S* – $269,000
• Lotus Eletre R* – $315,000

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Electric people movers

• LDV Mifa 9 Mode – $104,000
• LDV Mifa 9 Executive – $115,000
• Mercedes-Benz eVito Tourer – $127,018
• LDV Mifa 9 Luxe – $29,000
• Mercedes-Benz EQV – $157,450

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Electric light commercial vans

• Peugeot E-Partner – $59,990
• Mercedes-Benz eVito cargo van – $91,051
• LDV eDeliver 9 Cab Chassis – $99,990
• Ford E-Transit Mid Roof – $104,990 (or $106,490 with High Roof)
• LDV eDeliver 9 LWB Mid Roof – $116,537 (or $118,836 with High Roof)

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Electric ute

• LDV eT60 – $92,990

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💯 What are the best value-for-range EVs?

This story has listed the price of every new EV, but which models provide the best dollar-for-range? Check out our guide linked below for more.

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🤔 Is it time to make the electric switch?

EVs are not for everyone (for now), but they are right for most. Driving range, charging costs, and battery sustainability remain key perceived issues. For more, check out our /Electric hub guides below.

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