MG slashes EV prices and offer new benchmark in car warranty as electric price war resumes

MG has shaken up the electric vehicle market in Australia by slashing the price of the popular MG ZS EV to just $34,990 driveaway for the MY23 build vehicles, making it the lowest cost EV on the market for the moment.

This pricing is expected to last the month of August and while it does so it will undercut the GWM Ora, which has a starting price of $35,990 driveaway.

Along with the MG ZS EV, the company has also cut prices on the trendy MG4 electric hatchback range, saving up to $4,000 on the X-Power variant. 

Other variants have also seen prices trimmed, making the already leading electric hatchback even more attractive to buyers.

Starting from 1st August, new prices excluding on-road costs of both MY24 MG models in the electric lineup are as follows.

“MG has been leading the charge with attainable electric vehicles since the launch of the local award-winning ZS EV and MG4, with reduced nationwide drive away pricing on some of our range Australia wide, we maintain our leadership position in this space,” MG Australia CEO Peter Ciao said in a statement.

“MG is putting customers first by ensuring all road users can access a wide range of affordable zero emission vehicles thanks to a special National Driveaway Price Campaign.”

On top of that, MG has also set a new benchmark in Australia by offering an industry-leading 10-year or 250,000km warranty across its entire range. This is up from the 7-year warranty the company previously offered on its vehicles.

MG Australia’s chief commercial officer, Giles Belcher said the 10-year warranty for EV, PHEV, Hybrid and petrol range is the best and strongest in market.”

“When it comes time for our customers to upgrade their car, we want them to turn to us first. We have a stack of great product in market and more on its way, so we want people to try us sooner than later,”.

The key warranty details are in the following table with full details available on MG Australia’s website.

Back in 2021, MG was the first brand in Australia to offer a new electric car under $50,000. Now within 3 years, the same car is available for as low as $34,990, setting a new record for affordable electric SUVs in the market.

With additional warranty and coverage from August 2024, the MG ZS EV is by far the best-value EV in Australia. It’s affordability will also help many more get behind the wheel of an EV for the first time.

See The Driven’s EV Models page for more information on what’s on offer in Australia, and also our month by month sales data report.

MG Australia warranty details & coverage