How Much Is a New MG Electric Car Find Out Now

New MG electric cars start at just $27,990, offering affordable entry into the EV market without sacrificing style or performance. With models like the MG4 and MG ZS EV delivering long range and modern tech, there’s never been a better time to switch to electric—budget-friendly pricing, government incentives, and low running costs make MG a smart choice today.

Key Takeaways

• Compare MG models: Prices range from affordable to premium—know your budget first.
• Check incentives: Government rebates can significantly lower your final cost.
• Evaluate range needs: Longer-range models cost more but save on charging stops.
• Factor charging costs: Home charging is cheaper than public stations—plan accordingly.
• Review warranty terms: MG offers strong coverage—maximize long-term value.

How Much Is a New MG Electric Car? Find Out Now

The world of electric vehicles (EVs) is rapidly evolving, and one brand making significant waves in the affordable EV segment is MG Motor. Known for its blend of British heritage and Chinese engineering, MG has positioned itself as a value-for-money player in the global electric car market. With increasing demand for sustainable, efficient, and tech-savvy vehicles, more drivers are asking: How much is a new MG electric car? Whether you’re a first-time EV buyer or upgrading from a traditional gasoline model, understanding the pricing, features, and long-term value of MG’s electric lineup is essential.

MG offers a compelling mix of modern design, solid range, and competitive pricing that undercuts many rivals in the same class. From city commuters to families seeking a practical SUV, MG’s electric vehicles cater to a broad spectrum of needs. But pricing isn’t just about the sticker price—it includes government incentives, charging infrastructure, insurance, and resale value. In this comprehensive guide, we’ll break down the full cost picture of owning a new MG electric car. You’ll discover current models, pricing tiers, financing options, and real-world ownership costs to help you make an informed decision. By the end, you’ll know exactly how much a new MG electric car costs—and whether it’s the right fit for your lifestyle and budget.

Overview of MG Electric Car Models and Starting Prices

MG’s electric vehicle portfolio has expanded significantly in recent years, with a focus on affordability, practicality, and cutting-edge technology. The brand currently offers several fully electric models across different vehicle categories, including hatchbacks, compact SUVs, and larger family SUVs. Below is a detailed look at the primary MG electric models available in 2024 and their starting prices in key markets like the UK, Europe, and select Asian countries.

MG4 EV – The Compact Hatchback Powerhouse

The MG4 EV is MG’s flagship electric hatchback and one of the most talked-about EVs in the affordable segment. Launched in 2022, it quickly gained acclaim for its sharp styling, impressive range, and aggressive pricing. The MG4 EV is built on MG’s Modular Scalable Platform (MSP), designed specifically for electric vehicles, offering better weight distribution and battery efficiency.

• Starting Price: £26,995 (UK), €28,990 (Germany), ₹24.5 lakh (India, select variants)
• Range: 218–323 miles (WLTP)
• Battery Options: 51 kWh (Standard), 64 kWh (Long Range), 77 kWh (XPOWER performance variant)
• Top Speed: 100 mph (160 km/h)

One of the standout features of the MG4 EV is its value proposition. For under £27,000, buyers get a 5-star Euro NCAP safety rating, a 10.25-inch touchscreen, Apple CarPlay/Android Auto, and a 7-year/80,000-mile warranty. The Long Range model offers a real-world range of around 250 miles, making it ideal for both city and highway driving.

MG ZS EV – The Popular Compact SUV

The MG ZS EV is a compact electric SUV that has become a bestseller in several European markets. It combines SUV practicality with electric efficiency, making it a favorite among families and urban drivers alike.

• Starting Price: £30,495 (UK), €32,990 (Germany), ₹22.5 lakh (India)
• Range: 220–273 miles (WLTP)
• Battery Options: 51 kWh (Standard), 72.6 kWh (Long Range)
• Seating: 5 seats, 443L boot space

The ZS EV is known for its spacious interior, high ground clearance, and user-friendly infotainment system. The Long Range version, introduced in 2023, significantly improved the model’s appeal by adding over 50 miles of extra range. It’s also one of the few electric SUVs priced under £35,000 with a 7-year warranty, making it a strong contender in the budget-friendly SUV category.

MG5 EV – The All-Electric Estate

A rare find in the EV world: an all-electric estate (station wagon). The MG5 EV offers a spacious, practical alternative to hatchbacks and SUVs, with a focus on cargo capacity and daily usability.

• Starting Price: £29,495 (UK), €31,990 (Germany)
• Range: 218 miles (WLTP)
• Battery: 50.3 kWh
• Boot Space: 464L (expandable to 1,370L with rear seats folded)

The MG5 EV is perfect for buyers who need extra storage without the bulk of an SUV. While its range is slightly lower than the MG4 and ZS EV, its low center of gravity (thanks to the underfloor battery) provides excellent handling. It’s also priced competitively, undercutting electric estates from brands like Skoda and Volkswagen.

MG Cyberster – The Electric Roadster (Upcoming)

MG is set to launch the Cyberster in late 2024—a sleek, two-seater electric roadster with retro-modern design cues inspired by classic MGBs. This model marks MG’s entry into the performance EV segment.

• Estimated Starting Price: £50,000–£60,000
• Range: ~300 miles (WLTP)
• Powertrain: Dual-motor AWD (up to 540 hp)
• 0–60 mph: Under 3.2 seconds

While not a budget model, the Cyberster is expected to offer high-performance EV excitement at a fraction of the cost of rivals like the Porsche 718 or Tesla Roadster. Pre-orders have already begun in select markets, and it’s poised to attract enthusiasts looking for a fun, open-top electric experience.

Understanding the Full Cost of Ownership

When asking, “How much is a new MG electric car?”, it’s crucial to look beyond the showroom price. The total cost of ownership (TCO) includes several factors that can significantly impact your long-term expenses. Let’s break down the key components that contribute to the real price of owning an MG EV.

1. Purchase Price vs. On-Road Price

The on-road price is what you actually pay when driving the car home. It includes the base price, VAT (or GST in some countries), registration fees, delivery charges, and any optional extras. For example:

• MG4 EV SE Long Range: £26,995 (base) + £5,399 (VAT) + £55 (registration) + £500 (delivery) = £32,949
• MG ZS EV Excite: €32,990 + €6,600 (VAT) + €150 (registration) = €39,740

Always confirm the final on-road price with your local dealer, as fees vary by region. Some dealers may offer “drive-away” pricing that bundles all fees into one transparent figure.

2. Government Incentives and Grants

Many countries offer financial incentives to encourage EV adoption. These can drastically reduce your upfront cost:

• UK: Plug-in Car Grant (PICG) – up to £2,500 off eligible vehicles (as of 2024, limited availability)
• Germany: Umweltbonus – €4,500 for new EVs under €40,000
• France: Bonus écologique – up to €5,000
• India: FAME-II subsidy – up to ₹1.5 lakh (approx. £1,400)

Tip: Check your country’s official transport or energy department website for the latest grant details. Some incentives apply only to vehicles under a certain price threshold—e.g., the UK PICG is capped at £35,000 (pre-VAT).

3. Charging Costs and Home Installation

Charging at home is the most cost-effective way to power your MG EV. A typical 7.4 kW home charger costs between £500–£1,200 to install, depending on your property’s electrical setup.

• Electricity Cost: ~£0.28/kWh (UK average)
• Full Charge (MG4 64 kWh): 64 kWh × £0.28 = £17.92 for 250 miles
• Cost per mile: ~7.2p

Compared to petrol (avg. 15p/mile), this is a massive saving. Public charging (e.g., rapid chargers) costs more—up to £0.60/kWh—but is still cheaper than fuel. Consider installing a smart charger to take advantage of off-peak electricity rates.

4. Maintenance and Servicing

EVs have fewer moving parts than ICE vehicles, leading to lower maintenance costs. MG EVs come with a 7-year/80,000-mile warranty, covering the battery, motor, and power electronics.

• Annual Servicing: £100–£200 (vs. £200–£400 for petrol cars)
• Battery Degradation: MG guarantees 70% capacity after 8 years/100,000 miles
• No oil changes, spark plugs, or exhaust systems

Regular checks include tire rotation, cabin air filter, and brake fluid. Brake wear is also reduced due to regenerative braking.

5. Insurance and Road Tax

EV insurance can be higher due to battery replacement costs, but MG’s affordability helps balance this:

• MG4 EV: Avg. insurance group 25–30 (UK), costing £800–£1,200/year
• Road Tax (UK): £0 for zero-emission vehicles
• Congestion Charges: Exempt in London, Birmingham, and other low-emission zones

Tip: Use price comparison websites to get multiple quotes. Some insurers offer discounts for EV owners.

Financing Options: Leasing, Hire Purchase, and PCP

Not everyone wants to buy outright. Fortunately, MG offers flexible financing options to suit different budgets and lifestyles. Understanding these can help you determine the true monthly cost of your new MG electric car.

Hire Purchase (HP)

HP lets you pay a deposit followed by fixed monthly payments over 2–5 years. At the end, you own the car outright.

• MG4 EV SE Long Range: £2,000 deposit, 48 months at £399/month = £19,152 total (plus deposit)
• APR: Typically 4.9%–7.9%, depending on credit score

Pros: No mileage limits, full ownership at the end.
Cons: Higher monthly payments than PCP; no flexibility to upgrade.

Personal Contract Purchase (PCP)

PCP is the most popular option in the UK. You pay lower monthly installments, but at the end, you have three choices: return the car, pay a “balloon payment” to own it, or trade it in for a new model.

• MG ZS EV Excite: £3,000 deposit, 48 months at £329/month, balloon payment of £12,500
• Total paid (if keeping): £3,000 + (48 × £329) + £12,500 = £31,292

Pros: Lower monthly payments, upgrade every 3–4 years.
Cons: Balloon payment required to own; mileage limits (e.g., 10,000 miles/year).

Personal Contract Hire (PCH) / Leasing

Leasing is ideal for those who want a new car every few years without long-term commitment. You pay a fixed monthly fee and return the car at the end.

• MG5 EV SE: £2,500 initial payment, 36 months at £349/month = £15,064 total
• Maintenance Packages: Optional add-ons for servicing and tire replacement

Pros: No depreciation risk, always driving a new car.
Cons: No ownership, strict mileage limits, excess wear charges.

Corporate Leasing and Salary Sacrifice

Many UK employers offer salary sacrifice schemes for EVs. You lease a car through your employer, reducing your taxable income and saving on income tax and National Insurance.

• Example: A £400/month lease could save a 40% taxpayer over £800/year
• MG4 EV: Often included in company car schemes due to low BIK (Benefit-in-Kind) tax rate (2% in 2024)

This is one of the most cost-effective ways to drive an MG EV, especially for higher-rate taxpayers.

Regional Price Variations and Market-Specific Models

MG’s pricing and model availability vary significantly by region, influenced by import taxes, local competition, and government policies. Understanding these differences is key to answering “How much is a new MG electric car?” in your specific area.

United Kingdom

The UK is MG’s largest European market, with strong dealer support and incentives.

• MG4 EV: £26,995–£37,995
• MG ZS EV: £30,495–£40,995
• MG5 EV: £29,495–£32,995

All models qualify for the Plug-in Car Grant (if available) and are exempt from London’s Ultra Low Emission Zone (ULEZ) charges.

Europe (Germany, France, Spain)

Prices are higher due to VAT (19–20%) and import duties, but grants help offset costs.

• Germany: MG4 EV from €28,990; ZS EV from €32,990
• France: MG4 EV from €27,990 (after €5,000 bonus)
• Spain: MG ZS EV from €34,990

Some countries offer free public charging or parking for EVs, adding to the savings.

India

MG entered India with the ZS EV, priced aggressively to compete with Tata and Hyundai.

• MG ZS EV: ₹22.5 lakh–₹26.5 lakh (approx. £21,000–£25,000)
• MG4 EV: Expected in 2025, likely priced at ₹24–28 lakh

India offers FAME-II subsidies and lower GST (5%) on EVs, making them more affordable. However, charging infrastructure remains a challenge in rural areas.

Australia and Southeast Asia

MG has a growing presence in Australia, Thailand, and Indonesia.

• Australia: MG4 EV from AU$43,990 (~£23,500); ZS EV from AU$47,990
• Thailand: MG ZS EV from ฿1.29 million (~£29,000), with tax breaks for EVs

Australia offers state-level incentives (e.g., Victoria’s $3,000 rebate), while Thailand has reduced import duties on EVs.

Real-World Ownership: What Owners Are Saying

To truly understand the value of an MG electric car, it’s helpful to hear from those who live with them every day. Real-world ownership experiences highlight both the strengths and minor drawbacks of MG EVs.

Reliability and Daily Use

Owners consistently praise the reliability and ease of use of MG EVs. The MG4 EV, in particular, has received glowing reviews for its responsive handling and smooth acceleration. One UK owner noted:

“I’ve driven 18,000 miles in my MG4 EV over 14 months. The battery holds up well—only 8% degradation. Charging at home costs me about £12 per week.”

The ZS EV is frequently cited for its family-friendly space, with parents appreciating the rear legroom and ISOFIX points.

Charging Experience

Most owners charge at home overnight, using a 7.4 kW wallbox. Public charging is less common but works well with apps like Zap-Map and Shell Recharge.

• Rapid Charging (100 kW): 10–80% in ~30 minutes (MG4 EV)
• Home Charging (7.4 kW): Full charge in 9–11 hours

Some users report that the onboard navigation’s charging station locator could be more accurate, but third-party apps fill the gap.

Software and Updates

MG offers over-the-air (OTA) updates for infotainment and driver assistance systems. Owners appreciate the free 7-year connected services package, which includes real-time traffic and remote climate control via the MG app.

However, a few users mention occasional glitches in the touchscreen interface, though these are usually resolved with a restart or update.

Resale Value and Depreciation

MG EVs hold their value surprisingly well, especially compared to other budget EVs. After two years, the MG4 EV retains ~65% of its value, while the ZS EV holds ~60%. This is due to strong demand and MG’s long warranty.

Dealers often offer buy-back guarantees for lease customers, further boosting confidence.

Common Complaints

No car is perfect. Some owners note:

• Rear visibility in the MG4 EV could be better (small rear window)
• Boot space in the MG4 is adequate but not class-leading
• Some interior materials feel basic compared to premium brands

However, most agree that these are minor trade-offs for the price.

Model	Starting Price (UK)	Range (WLTP)	0–60 mph	Warranty	Best For
MG4 EV (SE)	£26,995	218 miles	7.7 sec	7 years	City drivers, first-time EV buyers
MG4 EV (Long Range)	£32,995	323 miles	7.7 sec	7 years	Commuters, long-distance drivers
MG ZS EV (Excite)	£30,495	220 miles	8.2 sec	7 years	Families, SUV lovers
MG ZS EV (Long Range)	£38,495	273 miles	8.2 sec	7 years	Frequent travelers, rural owners
MG5 EV (SE)	£29,495	218 miles	8.3 sec	7 years	Estate buyers, cargo needs
MG Cyberster (Est.)	£50,000	300 miles	3.2 sec	7 years (est.)	Enthusiasts, performance seekers

Conclusion: Is an MG Electric Car Worth the Price?

So, how much is a new MG electric car? The answer depends on your needs, location, and financing preferences—but one thing is clear: MG offers some of the best value-for-money EVs on the market today. With starting prices from £26,995 for the MG4 EV and £29,495 for the MG5 EV, MG undercuts rivals like the Nissan Leaf, Renault Zoe, and even the Volkswagen ID.3 in several markets.

Beyond the sticker price, MG’s 7-year warranty, low running costs, and access to government grants make ownership highly affordable. Whether you choose the sporty MG4, the spacious ZS EV, or the practical MG5, you’re getting a well-equipped, reliable electric vehicle with modern tech and strong real-world performance. The upcoming Cyberster adds excitement for those willing to spend more, but even at £50,000, it promises to be a bargain compared to premium electric roadsters.

For first-time EV buyers, MG provides a low-risk entry point with excellent support and charging compatibility. For families and commuters, the combination of range, space, and safety features is hard to beat. And with flexible financing options—from PCP to salary sacrifice—you can tailor your purchase to fit your budget.

In a world where EV prices are often daunting, MG stands out as a brand that proves you don’t need to spend a fortune to go electric. So if you’ve been wondering, “How much is a new MG electric car?”—now you know. It’s not just a price tag. It’s a smart, sustainable, and surprisingly enjoyable way to drive into the future.

Frequently Asked Questions

How much is a new MG electric car on average?

The price of a new MG electric car typically ranges from $25,000 to $45,000, depending on the model and trim. Entry-level models like the MG4 start lower, while premium trims and larger SUVs like the MG ZS EV cost more.

Which is the cheapest new MG electric car available?

The MG4 EV is currently the most affordable new MG electric car, with prices starting around $25,000 before incentives. It offers strong value with a modern design, decent range, and essential tech features.

Does the price of a new MG electric car include government incentives?

No, the listed price of a new MG electric car usually excludes government rebates or tax credits. Depending on your location, you may qualify for incentives that reduce the effective cost by several thousand dollars.

How much is a new MG electric car compared to other EVs in its class?

A new MG electric car is generally more budget-friendly than rivals like the Hyundai Kona Electric or Nissan Leaf. MG undercuts many competitors while still offering competitive range, warranty, and features.

Are there financing options available for a new MG electric car?

Yes, MG offers flexible financing plans, including low APR rates and lease options, to make a new MG electric car more accessible. Check with local dealers for current promotions and terms.

Do MG electric car prices vary by region?

Yes, the price of a new MG electric car can differ by region due to local taxes, import duties, and dealer fees. Always confirm pricing with an official MG dealer in your area for accuracy.