How much are electric cars in Australia? Full-market pricing!

"Electric vehicles aren’t affordable."

This 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.

How much do new electric cars cost in Australia today? Are they affordable, or are they just 'luxury cars'? Read on to find out...

JUMP AHEAD

• ⚡️ How much do EVs cost right now?
• 😩 Why are EVs expensive?
• 🏆 Top 10 'cheapest' new EVs in Australia
• 💰 Every EV model price in Australia
• 🔗 More EV stories to help you choose the best car for your needs

⚡️ How much do EVs cost right now?

The cheapest new EV you can currently buy in Australia starts from around $38,000 before on-road costs (or about $41,000 drive-away) – but most models centre in the $60,000 to $100,000 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 work novated leases to slash running costs – which has been mooted as the most affordable way to get into an EV.

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

Generally, for the price range of popular petrol- or diesel-powered 4x4 utes and large family SUVs today, buyers can comfortably get an EV from a size class below.

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

And, while most electric cars are not exactly ‘cheap’, reduced total ownership costs mean the price premium (if applicable) will be recouped over time as you drive more.

Of course, there are other factors to consider such as inferior driving range, the ability (or lack thereof) to ideally charge at home, and typically pricier insurance premiums – so EVs might not be right for you (at least for now) depending on your driving needs.

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😩 Why are EVs expensive?

Blame the battery.

Electric cars generally cost between 20 to 50 per cent more than the equivalent combustion engine model, even though some EV models actually undercut their petrol or diesel competition.

Expensive, mining-intensive and resource-limited materials needed to form large battery packs, including lithium, cobalt, nickel, manganese, and other rare earth minerals for electric motors are key causes of the EV price premium.

Lithium prices in particular have risen due to the intense demand for EVs, which has caused a supply shortage. The materials have also been questioned for their high environmental footprint, unsustainable mining practices, and unethical child exploitation in developing countries – but is still more environmentally-friendly to drive an EV.

However, new battery developments such as the lithium-iron-phosphate (LFP) cathode, emerging sodium-ion tech, and supply chain tracing are aiming to bring costs down and address today’s contentious issues.

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🏆 Top 10 most affordable new EVs in Australia

1. BYD Dolphin – From $38,890
2. MG 4 – From $38,990
3. GWM Ora – From $39,990
4. MG ZS EV – From $47,990
5. BYD Atto 3 – From $48,011
6. Renault Kangoo Z.E. – From $50,390
7. Nissan Leaf – From $50,990
8. Fiat 500e – From $52,500
9. Hyundai Kona Electric – From $54,500
10. Mini Electric – From $55,650

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

Skip to the EV category you're most interested in

• Hatches
• Sedans and liftbacks
• Wagons
• Light/small SUVs
• Medium SUVs
• Large SUVs
• People movers
• Light commercial vans
• Utes

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Electric hatches

• BYD Dolphin* Dynamic – $38,890
• MG 4* 51kWh Excite – $38,990
• GWM Ora Standard Range – $39,990
• BYD Dolphin* Premium – $44,990
• MG 4* 64kWh Excite – $44,990
• GWM Ora Extended Range – $45,990
• MG 4* 64kWh Essence – $47,990
• GWM Ora Ultra – $48,990
• Nissan Leaf – $50,990
• Fiat 500e La Prima – $52,500 - (500e pricing story)
• GWM Ora GT – $51,990
• Mini Cooper Electric SE Classic – $55,650
• MG 4* 77kWh Long Range – $55,990
• Cupra Born – $59,990
• Nissan Leaf E+ – $61,490
• Mini Cooper Electric SE Yours – $62,825

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Electric sedans and liftbacks

• Tesla Model 3** RWD – $57,400
• Polestar 2 Standard Range Single Motor – $67,400
• Tesla Model 3** Long Range – $70,400
• Polestar 2 Long Range Single Motor – $71,400
• Hyundai Ioniq 6 Dynamiq RWD – $74,000
• Polestar 2 Long Range Dual Motor – $76,400
• Tesla Model 3** Performance – $83,200
• Hyundai Ioniq 6 Techniq AWD – $83,500
• Polestar 2 Long Range Dual Motor with Performance Pack – $85,400
• Hyundai Ioniq 6 Epiq AWD – $88,000
• BMW i4 eDrive40 – $102,900
• BMW i4 M50 – $133,900
• Mercedes-Benz EQE sedan 300 – $134,900
• Genesis Electrified G80 Luxury AWD – $147,000 (G80 Electrified pricing)
• Mercedes-Benz EQE sedan 350 4Matic – $154,900
• Porsche Taycan – $165,700
• Audi E-Tron GT – $180,200
• Porsche Taycan 4S – $206,600
• Mercedes-AMG EQE sedan 53 – $214,900
• Audi E-Tron GT RS – $248,200
• Porsche Taycan GTS – $249,600
• Porsche Taycan Turbo – $293,900
• BMW i7 xDrive60 M Sport – $306,900
• Mercedes-AMG EQS sedan 53 – $328,400
• BMW i7 M70 xDrive60 – $344,900
• Porsche Taycan Turbo S – $365,100

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Electric wagons

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

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Light/small electric SUVs

• MG ZS EV Essence – $47,990 (MG ZS EV pricing)
• BYD Atto 3 Standard Range – $48,011
• BYD Atto 3 Extended Range – $51,011
• Hyundai Kona Electric Elite Standard Range – $54,500 (Kona electric pricing)
• MG ZS EV Long Range – $55,990 (MG ZS EV pricing)
• Hyundai Kona Electric Highlander Standard Range – $58,000
• Volvo EX30* Single Motor Extended Plus – $59,990
• Peugeot E-2008* E-2008 – $59,990
• Hyundai Kona Electric Elite Extended Range – $60,500 (Kona electric pricing)
• Hyundai Kona Electric Highlander Extended Range – $64,000 (Kona electric pricing)
• Volvo EX30* Single Motor Extended Ultra – $64,990
• Mazda MX-30 Electric E35 Astina – $66,010 (MX-30 electric pricing)
• Kia Niro EV S – $66,590
• Volvo EX30* Twin Performance Ultra – $69,990
• Kia Niro EV GT-Line – $72,360
• Lexus UX 300e Luxury – $79,990 (Lexus UX electric pricing)
• Mercedes-Benz EQA 250 – $82,300
• BMW iX1 xDrive30 xLine – $84,900
• BMW iX1 xDrive30 M Sport – $84,900
• Lexus UX 300e Sports Luxury – $88,490 (Lexus UX electric pricing)

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Medium electric SUVs

• Tesla Model Y** RWD – $65,400
• Hyundai Ioniq 5 Dynamiq RWD – $72,000
• Kia EV6 Air RWD – $72,590
• Volvo XC40 Recharge Plus Single Motor – $76,990 (XC40 Recharge pricing)
• Tesla Model Y** Long Range – $78,400
• Volvo C40 Recharge Plus Single Motor – $78,990
• Hyundai Ioniq 5 Techniq AWD – $79,500
• Kia EV6 GT-Line RWD – $79,590
• Ford Mustang Mach-E* Select – $79,990
• Hyundai Ioniq 5 Epiq AWD – $85,000
• Volvo XC40 Recharge Ultimate Twin Motor – $85,990 (XC40 Recharge pricing)
• Kia EV6 GT-Line AWD – $87,590
• Volvo XC40 Recharge Ultimate Twin Motor – $87,990 (XC40 Recharge pricing)
• Mercedes-Benz EQB 250 – $88,579
• Tesla Model Y** Performance – $92,560
• Ford Mustang Mach-E* Premium – $92,990
• Kia EV6 GT – $99,590
• BMW iX3 – $104,900
• Mercedes-Benz EQB 350 4Matic – $107,480
• Genesis GV60 AWD – $107,700
• Ford Mustang Mach-E* GT – $108,990
• Genesis GV60 Performance AWD – $114,700
• Lexus RZ 450e Luxury – $123,000
• Genesis Electrified GV70 Performance AWD – $127,800
• Mercedes-Benz EQC 400 4Matic – $128,000
• Lexus RZ 450e Sports Luxury – $135,000
• Mercedes-Benz EQC 400 4Matic Sport – $145,600
• Jaguar I-Pace R-Dynamic SE – $148,800
• Jaguar I-Pace R-Dynamic HSE $165,600

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Large electric SUVs

• Polestar 3* Long Range Dual Motor – $132,900
• BMW iX xDrive40 – $135,900
• Audi E-Tron SUV 50 – $139,900
• BMW iX xDrive40 Sport – $141,900
• Polestar 3* Long Range Dual Motor with Performance Pack – $141,900
• Audi E-Tron SUV 55 – $148,900
• Audi E-Tron Sportback 50 – $150,900
• Audi E-Tron Sportback 55 – $159,900
• Audi E-Tron SUV S – $168,400
• Audi E-Tron Sportback S – $175,400
• BMW iX xDrive50 Sport – $180,400
• BMW iX M60 – $228,400

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Electric people movers

• LDV Mifa 9 Mode – $106,000
• Mercedes-Benz eVito Tourer – $116,115 (eVito pricing)
• LDV Mifa 9 Executive – $117,000
• Mercedes-Benz EQV – $155,338

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Electric light commercial vans

• Renault Kangoo Z.E. Maxi LWB – $50,390
• Peugeot E-Partner* E-Partner – $59,990
• Mercedes-Benz eVito Panel van – $89,353 (eVito pricing)
• LDV eDeliver 9 Cab Chassis – $99,990 (eDeliver 9 pricing)
• Ford E-Transit Mid Roof – $104,900 (eTransit pricing)
• Ford E-Transit High Roof – $106,490 (eTransit pricing)
• LDV eDeliver 9 LWB Mid Roof – $116,537 (eDeliver 9 pricing)
• LDV eDeliver 9 LWB High Roof – $118,836 (eDeliver 9 pricing)

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Electric ute

• LDV eT60 – $92,990 (eT60 pricing)

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