MG 4, ZS EV electric car prices slashed by up to $10,000


China’s MG has delivered what’s believed to be the largest-ever price cut for an electric car in Australia with the return of nationwide drive-away prices for the MG 4 and ZS EV.


The electric-car price war between Chinese brands MG, BYD and GWM has taken another turn with price cuts of up to $10,084 – or 18 per cent – for the MG 4 and ZS EV electric cars.

MG has reversed a decision implemented at the start of 2023 which saw drive-away prices of its electric cars vary based on differing government charges in each state and territory – rather than offer one price applicable nationwide, as with petrol and hybrid MG models.

In effect from Friday 22 March 2024, the drive-away prices for the MG 4 and ZS EV now either match their previous RRPs – meaning on-road costs have been wiped – or are up to $5000 lower.

Comparing new to old drive-away prices, the savings range from $1297 on an MG 4 Excite 51, Excite 64 or ZS EV Excite registered in the ACT – to $10,084 for a ZS EV Long Range registered in Western Australia.

Drive has contacted MG Australia to confirm how the price changes will be applied to buyers waiting in the queue for an electric MG – and if there will be any compensation for those who just took delivery, or have paid in full for their vehicle but have not taken delivery.

After a $1000 price rise earlier this year, the base-model MG 4 hatch is now cheaper in most states and territories than the BYD Dolphin, which was previously Australia’s most affordable electric car – excluding a special offer for the GWM Ora.

The cheapest MG 4 is now price-matched by the entry-level ZS EV, which has a drive-away price $2000 lower than its previous RRP (before on-road costs), at $39,990.

It is the fifth price change for the ZS EV since the start of 2023 – and the third cut since mid-2023 – as sales continue to slump amid the arrival of newer competitors.

Compared to its price 12 months ago, the ZS EV is between $6205 and $14,377 cheaper.

2024 MG 4 price in Australia (from 22 March 2024)

  • MG 4 Excite 51 – $39,990 drive-away (previous RRP $39,990)
  • MG 4 Excite 64 – $44,990 drive-away (previous RRP $44,990)
  • MG 4 Essence 64 – $46,990 drive-away (previous RRP $47,990)
  • MG 4 Long Range 77 – $52,990 drive-away (previous RRP $55,990)
  • MG 4 XPower – $59,990 drive-away (previous RRP $59,990)

2024 MG ZS EV price in Australia (from 22 March 2024)

  • ZS EV Excite – $39,990 drive-away (previous RRP $41,990)
  • ZS EV Essence – $42,990 drive-away (previous RRP $44,990)
  • ZS EV Long Range – $46,990 drive-away (previous RRP $51,990)

2024 MG 4, ZS EV drive-away price reductions (from 22 March 2024)

MG 4 Excite 51 MG 4 Excite 64 MG 4 Essence 64 MG 4 Long Range 77 MG 4 XPower ZS EV Excite ZS EV Essence ZS EV Long Range
ACT $1297 $1297 $2297 $4297 $1297 $3297 $3297 $6297
NSW $2946 $3096 $4246 $6646 $3846 $5006 $5096 $8446
NT $1299 $1299 $2299 $4479 $1599 $3299 $3299 $6359
QLD $2195 $2295 $3355 $5515 $2595 $4235 $4295 $7435
SA $2761 $2961 $4081 $6401 $3561 $4841 $4961 $8241
TAS $2894 $3094 $4214 $6534 $3694 $4974 $5094 $8374
VIC $3141 $3351 $4477 $6813 $3983 $5225 $5351 $8645
WA $3703 $4291 $5678 $8370 $5655 $5929 $6291 $10,084
Average $2530 $2711 $3831 $6132 $3279 $4601 $4711 $7985

Care has been taken to ensure the figures above are correct, however please check with your MG dealer for the latest information on the old and new prices applicable in your state or territory.

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Alex Misoyannis

Alex Misoyannis has been writing about cars since 2017, when he started his own website, Redline. He contributed for Drive in 2018, before joining CarAdvice in 2019, becoming a regular contributing journalist within the news team in 2020.

Cars have played a central role throughout Alex’s life, from flicking through car magazines at a young age, to growing up around performance vehicles in a car-loving family.

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