MG Cars Electric Price Guide 2024 Latest Models Compared

MG’s 2024 electric lineup delivers unbeatable value, with prices starting under $30,000 for the compact MG4 and scaling to premium long-range variants under $50,000. Competitive pricing, generous standard features, and government incentives make MG electric cars a top choice for budget-savvy buyers seeking performance and tech in one sleek package.

Key Takeaways

• Compare prices: MG’s 2024 electric models offer competitive pricing across all segments.
• Best value: The MG4 EV delivers premium features at an affordable price point.
• Long-range option: MG ZS EV provides extended range for frequent travelers.
• Tax incentives: Many 2024 MG EVs qualify for federal and state EV rebates.
• Trim levels: Higher trims add features but impact final price significantly.
• Warranty coverage: MG includes robust battery and powertrain warranties standard.
• Financing deals: Limited-time low APR offers make MG EVs more affordable now.

Why MG Electric Cars Are Turning Heads in 2024

The electric vehicle (EV) market has evolved rapidly, and MG Motor, a brand with a storied legacy in automotive innovation, is now making a powerful comeback—this time with a fully electric focus. As global demand for sustainable, affordable, and technologically advanced EVs surges, MG has positioned itself as a serious contender, offering a compelling mix of style, performance, and value. In 2024, the MG cars electric price range is not only competitive but also redefining what consumers can expect from a budget-conscious yet feature-rich electric vehicle.

From city commuters to long-distance travelers, MG’s electric lineup caters to a diverse audience. Whether you’re a first-time EV buyer or looking to upgrade from a traditional internal combustion engine (ICE) vehicle, MG’s electric models deliver impressive range, cutting-edge infotainment, and advanced driver-assistance systems (ADAS)—all at prices that undercut many rivals. With government incentives, falling battery costs, and increased charging infrastructure, now is an ideal time to explore MG’s electric offerings. This guide dives deep into the MG cars electric price landscape for 2024, comparing the latest models, analyzing value for money, and offering practical insights to help you make an informed decision.

Overview of MG’s 2024 Electric Lineup

MG Motor, now under the ownership of SAIC (Shanghai Automotive Industry Corporation), has transformed from a British classic into a global EV powerhouse. In 2024, the brand’s electric portfolio includes four standout models: the MG4 EV, MG ZS EV, MG5 EV, and the all-new MG Cyberster. Each model serves a distinct segment of the market, from compact hatchbacks to sporty roadsters, ensuring there’s an electric MG for nearly every driver.

MG4 EV: The Compact Powerhouse

The MG4 EV is arguably the brand’s most talked-about electric model in 2024. Launched as a direct competitor to the Volkswagen ID.3 and Renault Zoe, it blends affordability with high-end technology. Available in multiple variants—Standard Range, Long Range, and Performance—the MG4 EV offers a range of 218 to 323 miles (WLTP), depending on the battery and drivetrain. The base model starts at just £26,995 in the UK (approximately $34,000 USD), making it one of the most affordable EVs with a 500 km+ range in Europe and select global markets.

What sets the MG4 apart is its Modular Scalable Platform (MSP), which allows for better weight distribution, improved handling, and future-proofing for next-gen battery tech. Standard features include a 10.25-inch touchscreen, Apple CarPlay/Android Auto, adaptive cruise control, and a digital cockpit. The Long Range version, priced at £29,995, is a sweet spot for families and commuters, offering 270 miles of range and a 0–60 mph time of under 8 seconds.

MG ZS EV: The Family-Friendly SUV

The MG ZS EV is the brand’s best-selling electric SUV, combining spacious interiors with a rugged design. In 2024, it receives a significant refresh, including a longer 72 kWh battery (up from 51 kWh), extending its range to 273 miles (WLTP). The updated model also features a new 10.1-inch infotainment system, wireless charging, and enhanced safety tech like blind-spot monitoring and rear cross-traffic alert.

Priced from £30,495, the ZS EV is a strong contender in the compact SUV segment, competing with the Hyundai Kona Electric and Kia Niro EV. Its spacious cabin, 470 liters of boot space, and five-star Euro NCAP safety rating make it ideal for families. The top-tier Trophy Connect model, at £33,995, adds a panoramic sunroof, 360-degree camera, and premium audio—perfect for those wanting a touch of luxury without a luxury price tag.

MG5 EV: The Electric Estate Revolution

One of MG’s most unique offerings is the MG5 EV—the world’s first fully electric estate car. This practical wagon combines the utility of a traditional estate with zero-emission driving. With a 57 kWh battery, it delivers a 250-mile range and a 0–60 mph time of 8.3 seconds. The MG5 EV is priced from £30,995, making it a rare and affordable option for those needing cargo space without sacrificing efficiency.

The MG5 shines in real-world usability. Its 578-liter boot (expandable to 1,456 liters with seats folded) is perfect for weekend getaways, pet owners, or tradespeople. It also features a heat pump as standard, improving cold-weather efficiency—a critical advantage in northern climates. For drivers who need versatility without the bulk of an SUV, the MG5 EV is a game-changer.

MG Cyberster: The Electric Roadster Dream

Breaking the mold, the MG Cyberster is MG’s first electric sports car, reviving the brand’s legacy of open-top motoring. With gull-wing doors, a sleek design, and a 0–60 mph time of just 3.2 seconds in the dual-motor version, it’s a head-turner. The Cyberster comes in two trims: the base model with a 64 kWh battery and 316-mile range, and the high-performance version with a 77 kWh battery and 340-mile range.

Prices start at £54,995 for the single-motor version and rise to £64,995 for the dual-motor AWD variant. While not a budget option, the Cyberster offers a rare combination of performance, style, and electric efficiency. It’s aimed at enthusiasts who want a Tesla Roadster alternative without the six-figure price tag. Early reviews praise its handling, interior quality, and futuristic tech, including a 7-inch digital cluster and 10.25-inch touchscreen.

MG Cars Electric Price: Regional Variations and Incentives

The MG cars electric price varies significantly across regions due to local taxes, import duties, subsidies, and currency fluctuations. Understanding these differences is crucial for making a smart purchase. Below is a breakdown of how MG’s pricing and incentives play out in key markets.

United Kingdom: The Most Competitive Market

The UK offers the most favorable pricing and incentives for MG EVs. As of 2024, all MG electric models are eligible for the £2,500 Plug-in Car Grant (PiCG), which can be applied at point of sale. Additionally, EVs are exempt from road tax (VED) and the London Congestion Charge. For example:

• MG4 EV Standard Range: £26,995 → £24,495 after grant
• MG ZS EV Long Range: £30,495 → £27,995 after grant
• MG5 EV: £30,995 → £28,495 after grant

MG UK also offers 0% APR financing on select models, making ownership even more accessible. Dealers frequently run promotions, such as free home charger installation or discounted insurance packages, adding further value.

Europe: VAT, Tax Breaks, and Green Incentives

In continental Europe, MG’s pricing is competitive but varies by country. For instance:

• Germany: The MG4 EV starts at €32,990. With the €4,500 environmental bonus, the effective price drops to €28,490. EVs are also exempt from vehicle tax for 10 years.
• France: The MG ZS EV is priced at €35,900. Buyers can claim the €5,000 eco-bonus and an additional €1,000 conversion premium if trading in an old ICE vehicle.
• Spain: The MG5 EV starts at €34,900. The MOVES III program offers up to €7,000 in subsidies for low-income buyers or commercial fleets.

MG’s presence in Europe is growing, with new dealerships opening in Italy, Belgium, and the Netherlands. Local incentives can reduce the MG cars electric price by up to 20%, making them some of the best value EVs on the continent.

Australia and New Zealand: Emerging Markets

In Australia, MG EVs are priced aggressively to compete with Tesla and Hyundai. The MG4 EV starts at AUD 43,990 (~$29,000 USD), while the ZS EV is priced from AUD 47,990. While Australia lacks a federal EV subsidy, some states offer incentives:

• Victoria: $3,000 rebate for EVs under $68,740
• Queensland: $3,000 grant + 2 years of free registration
• New Zealand: The Clean Car Discount offers up to NZD 8,625 (~$5,300 USD) for new EVs

MG has also partnered with ChargeNet and Evie Networks to expand charging infrastructure, addressing one of the biggest barriers to EV adoption in the region.

Total Cost of Ownership: Beyond the Sticker Price

When evaluating the MG cars electric price, it’s essential to consider the total cost of ownership (TCO) over 3–5 years. EVs often have a higher upfront price but lower running costs, making them more economical in the long run. Here’s how MG stacks up.

Charging and Energy Costs

Charging an MG EV is significantly cheaper than fueling a petrol car. Using average electricity rates:

• MG4 EV (51 kWh battery): Full charge costs ~£7.65 at 15p/kWh (home charging)
• MG ZS EV (72 kWh battery): Full charge costs ~£10.80
• MG5 EV (57 kWh battery): Full charge costs ~£8.55

For a 10,000-mile annual drive, the MG4 EV would cost ~£350/year in electricity, compared to ~£1,200/year for a petrol hatchback (assuming 40 mpg and £1.50/litre). Public charging adds convenience but can be pricier—MG offers free access to the IONITY network for 3 years on new purchases in Europe.

Maintenance and Servicing

EVs have fewer moving parts, leading to lower maintenance costs. MG offers a 7-year/80,000-mile warranty on all electric models, including battery coverage. Annual servicing costs average £150–£250, compared to £300–£500 for ICE vehicles. No oil changes, spark plugs, or exhaust systems mean fewer visits to the garage.

Depreciation and Resale Value

Historically, EVs depreciated faster than ICE cars, but this is changing. The MG4 EV, for example, retains ~65% of its value after 3 years (based on CAP HPI data), outperforming many rivals. The ZS EV’s strong brand recognition and SUV appeal also support resale value. MG’s growing reputation for quality and reliability is helping to stabilize depreciation curves.

Insurance and Taxes

Insurance for MG EVs is competitive, averaging £600–£900/year for a 30-year-old driver with a clean record. However, performance models like the Cyberster may cost more to insure due to higher performance and value. Tax savings are substantial: in the UK, EVs pay 0% Benefit-in-Kind (BiK) tax in 2024, saving company car drivers hundreds per year.

Comparing MG’s Electric Models: Which One Fits Your Needs?

Choosing the right MG EV depends on your lifestyle, budget, and driving habits. Below is a detailed comparison to help you decide.

Best for City Driving: MG4 EV

With its compact size, agile handling, and 218–323 mile range, the MG4 EV is perfect for urban dwellers. The £24,495 post-grant price makes it one of the most affordable EVs with a 250+ mile range. Ideal for daily commutes, school runs, and weekend errands.

Best for Families: MG ZS EV

The ZS EV’s spacious interior, 273-mile range, and safety features make it a top pick for families. The £27,995 effective price (after grant) offers exceptional value. The 470-liter boot and ISOFIX points add practicality for parents.

Best for Cargo and Versatility: MG5 EV

Need to transport gear, bikes, or pets? The MG5 EV’s 578-liter boot (expandable to 1,456 liters) is unmatched in the EV segment. The £28,495 price (after grant) makes it a steal for utility-focused drivers.

Best for Performance and Style: MG Cyberster

If you crave excitement, the Cyberster delivers. With 544 hp (dual-motor), 3.2-second 0–60 mph, and a 340-mile range, it’s a true sports EV. The £54,995 base price is steep, but it’s half the cost of a Tesla Roadster.

Best for Long-Distance Travelers: MG4 EV Long Range or ZS EV

Both models offer 270+ miles of range, fast charging (10–80% in 35 minutes on 100 kW DC), and efficient heat pumps. The ZS EV’s SUV ride height and comfort make it better for highways, while the MG4’s lighter weight improves efficiency.

Future-Proofing Your Purchase: What’s Coming in 2025 and Beyond

MG is not resting on its 2024 laurels. The brand has announced several upcoming models and tech upgrades that will further enhance the MG cars electric price value proposition.

MG4 XPower: The Hot Hatch EV

Set to launch in late 2024, the MG4 XPower will feature a 435 hp dual-motor setup, 0–60 mph in 3.8 seconds, and a sport-tuned suspension. Priced at around £35,000, it will compete with the Volkswagen ID.3 GTX and Cupra Born VZ. Pre-orders are expected to open in Q3 2024.

New Battery Tech and Range Improvements

MG is testing semi-solid-state batteries with SAIC, aiming to increase energy density by 25% by 2025. This could push the MG4 EV’s range to 400 miles and reduce charging times. The brand is also exploring vehicle-to-grid (V2G) technology, allowing owners to sell excess battery power back to the grid.

Expansion into New Markets

MG plans to enter the U.S. market by 2026 with a right-hand-drive version of the MG4 EV, priced under $35,000. This would make it one of the most affordable EVs in America, competing with the Chevrolet Bolt and Tesla Model 3. The brand is also expanding in Southeast Asia, with new plants in Thailand and Indonesia to reduce production costs.

Enhanced Software and Over-the-Air Updates

All 2024 MG EVs support over-the-air (OTA) updates, allowing MG to add new features, improve battery management, and enhance ADAS systems remotely. Future updates may include autonomous parking, traffic jam assist, and AI-powered voice assistants.

Data Table: MG Electric Models Compared (2024)

Model	Starting Price (UK)	Range (WLTP)	Battery Size	0–60 mph	Key Features
MG4 EV Standard Range	£26,995	218 miles	51 kWh	7.7 sec	10.25″ touchscreen, adaptive cruise, heat pump
MG4 EV Long Range	£29,995	270 miles	64 kWh	7.9 sec	Wireless charging, 360° camera, panoramic sunroof (optional)
MG ZS EV Long Range	£30,495	273 miles	72 kWh	8.2 sec	10.1″ screen, blind-spot monitoring, 5-star safety
MG5 EV	£30,995	250 miles	57 kWh	8.3 sec	578L boot, heat pump, estate utility
MG Cyberster (Single-Motor)	£54,995	316 miles	64 kWh	5.0 sec	Gull-wing doors, 7″ digital cluster, sports seats
MG Cyberster (Dual-Motor)	£64,995	340 miles	77 kWh	3.2 sec	544 hp, AWD, performance suspension

Final Thoughts: Is an MG Electric Car Right for You?

The MG cars electric price strategy in 2024 is a masterclass in balancing affordability, performance, and innovation. Whether you’re drawn to the practicality of the MG5 EV, the family-friendly ZS EV, the sporty Cyberster, or the value-packed MG4 EV, MG offers a model that fits nearly every need and budget. With government incentives, low running costs, and a 7-year warranty, the total cost of ownership is highly competitive.

What truly sets MG apart is its no-compromise approach. These aren’t just cheap EVs—they’re well-equipped, stylish, and packed with technology. The brand’s rapid innovation, global expansion, and focus on customer experience suggest that MG is here to stay as a major player in the electric revolution. As battery tech improves and charging networks expand, the value proposition will only grow stronger.

If you’re considering an EV in 2024, test drive an MG. You might be surprised by how much car you can get for your money. With models starting under £25,000 after incentives, MG is democratizing electric mobility—one affordable, high-quality vehicle at a time. The future of driving is electric, and MG is leading the charge.

Frequently Asked Questions

What is the starting price of MG electric cars in 2024?

The 2024 MG electric lineup starts at $30,995 for the base MG4 EV, offering affordable entry into the EV market. Prices vary by trim, battery size, and optional features.

How does the MG ZS EV price compare to other compact electric SUVs?

The 2024 MG ZS EV is priced competitively at $34,995, undercutting rivals like the Hyundai Kona Electric and Kia Niro EV by $3,000-$5,000 while offering similar range and features.

Are there any government incentives included in MG cars’ electric price?

While the MG electric price doesn’t include incentives upfront, buyers may qualify for federal/state tax credits (up to $7,500) and local rebates, significantly reducing the effective cost.

Which 2024 MG electric model offers the best value for money?

The MG4 Long Range (435 miles) at $36,995 strikes the best balance between range, tech, and MG cars’ electric price, outperforming similarly priced competitors in battery efficiency.

Do MG electric cars require expensive maintenance compared to gas models?

No, MG EVs have lower maintenance costs with no oil changes, fewer moving parts, and regenerative braking. Annual servicing averages 40% less than combustion-engine MGs.

Is the MG5 EV price competitive in the electric wagon segment?

At $32,995, the 2024 MG5 EV dominates the niche electric wagon market, offering 280 miles of range at nearly half the price of the Volvo V60 Recharge.