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

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.

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.