MG Electric Cars Price Guide 2024 Latest Models and Deals

MG electric cars in 2024 deliver exceptional value with competitive pricing across a refreshed lineup, including the affordable MG4 and the spacious ZS EV. With prices starting under $35,000 and new government incentives, now is the ideal time to switch to an MG EV and save thousands through limited-time deals and low running costs.

Key Takeaways

• Compare 2024 models: Check price differences across MG ZS EV, MG4, and Cyberster trims.
• Government incentives apply: Save up to $7,500 with federal and state EV rebates.
• Lease deals available: Low monthly payments on 2024 MG4 starting under $300.
• Long-range options: MG ZS EV offers 320-mile range at competitive pricing.
• Charging included: Select models come with free home charger installation.
• Financing offers: 0% APR for 60 months on 2024 MG electric cars.

The Rise of MG Electric Cars: Affordable Innovation Meets Sustainability

The electric vehicle (EV) revolution is accelerating, and MG Motor is at the forefront of making sustainable mobility accessible to the masses. Known for its British heritage and Chinese innovation, MG has transformed from a classic automaker into a modern electric powerhouse. In 2024, MG electric cars are not just about cutting-edge technology and sleek designs—they’re about affordability, reliability, and value for money. As governments worldwide push for greener transportation and consumers seek cost-effective alternatives to petrol and diesel, MG’s electric lineup offers a compelling solution that balances performance, range, and price.

From compact city runabouts to spacious family SUVs, MG’s electric portfolio caters to a diverse range of drivers. Whether you’re a first-time EV buyer, a city commuter, or a family looking to reduce your carbon footprint without breaking the bank, MG electric cars provide a smart entry point into the world of zero-emission driving. With competitive pricing, government incentives, and attractive financing options, 2024 is shaping up to be a landmark year for MG in the EV market. In this comprehensive guide, we’ll explore the latest MG electric car models, their prices across key markets, available deals, and what you should consider before making your purchase. Let’s dive into the MG electric cars price guide 2024 and uncover how you can drive home in an affordable, high-tech EV.

MG Electric Car Lineup in 2024: Models and Variants

MG’s 2024 electric lineup is more diverse than ever, offering something for every type of driver. The brand has strategically positioned its EVs to compete in multiple segments—from entry-level hatchbacks to premium SUVs—while maintaining a strong focus on value. Below are the key models currently available or launching in 2024, along with their variants and core features.

MG4 EV: The Affordable Hatchback Champion

The MG4 EV is MG’s best-selling electric car and a true game-changer in the compact EV segment. Launched globally in 2022 and refined for 2024, the MG4 combines a minimalist design, solid build quality, and impressive range. It’s available in multiple trims:

• SE Standard Range: 51 kWh battery, up to 218 miles (WLTP), 170 hp
• SE Long Range: 64 kWh battery, up to 270 miles (WLTP), 203 hp
• Trophy Long Range: 77 kWh battery, up to 323 miles (WLTP), 203 hp with enhanced features

The MG4 EV stands out for its Modular Scalable Platform (MSP), which improves efficiency, safety, and interior space. It also features a 10.25-inch touchscreen, Apple CarPlay/Android Auto, and advanced driver assistance systems (ADAS) even in base models.

MG ZS EV: The Family-Friendly SUV

The MG ZS EV remains a top choice for families and urban drivers who need space and versatility. Updated for 2024, the ZS EV now features a refreshed exterior, improved interior materials, and a more powerful battery option:

• Excite: 51.1 kWh battery, 176 miles range, 174 hp
• Exclusive: 72.6 kWh battery, 273 miles range, 203 hp
• Exclusive Long Range (new 2024): 83 kWh battery, 301 miles range, 203 hp

With a roomy cabin, 443-liter boot, and a suite of safety features (including AEB, lane assist, and adaptive cruise), the ZS EV is ideal for daily commutes and weekend getaways.

MG5 EV: The Practical Electric Estate

One of the few electric estates on the market, the MG5 EV is perfect for those who need cargo space without sacrificing efficiency. The 2024 model sees minor updates, including improved infotainment and enhanced battery management:

• Excite: 50.3 kWh battery, 214 miles range
• Exclusive: 61.1 kWh battery, 250 miles range

With 578 liters of boot space (expandable to 1,456 liters), the MG5 EV is a rare gem—offering estate practicality in an EV form.

MG Cyberster: The Electric Roadster (Launching 2024)

For performance enthusiasts, MG is launching the MG Cyberster—a two-seater electric roadster with retro-futuristic styling. Inspired by MG’s classic roadsters, the Cyberster blends heritage with innovation:

• Rear-Wheel Drive: 335 hp, 0–60 mph in 5.0 seconds, 329 miles range (77 kWh battery)
• All-Wheel Drive: 536 hp, 0–60 mph in 3.2 seconds, 316 miles range (77 kWh battery)

With scissor doors, a digital dashboard, and a retractable soft-top, the Cyberster is MG’s boldest EV yet—and a symbol of the brand’s electric ambition.

MG HS Plug-in Hybrid (PHEV): A Bridge to Full EV

While not fully electric, the MG HS PHEV is worth mentioning for drivers not ready to go 100% electric. It offers up to 32 miles of electric-only range and combines a 1.5L turbo engine with an electric motor. Ideal for longer trips with occasional charging, it’s a practical hybrid alternative with lower emissions and tax benefits in some regions.

MG Electric Cars Price Breakdown by Market (2024)

Pricing for MG electric cars varies significantly by region due to taxes, import duties, incentives, and local manufacturing. Below is a detailed breakdown of MG electric cars price across key markets, including on-the-road (OTR) prices, available trims, and currency conversions where applicable.

United Kingdom: Competitive Pricing with Strong Incentives

The UK is one of MG’s strongest markets, with aggressive pricing and access to government grants. All MG EVs qualify for the Plug-in Car Grant (PICG) of £2,500 (as of early 2024), reducing the effective price for buyers.

• MG4 EV SE Standard Range: £26,995 (after PICG: £24,495)
• MG4 EV Trophy Long Range: £32,995 (after PICG: £30,495)
• MG ZS EV Excite: £30,495 (after PICG: £27,995)
• MG ZS EV Exclusive Long Range: £36,995 (after PICG: £34,495)
• MG5 EV Exclusive: £31,495 (after PICG: £28,995)
• MG Cyberster RWD: £55,000 (estimated, not eligible for PICG due to price cap)

Tip: Check with MG dealerships for additional dealer incentives, such as free home charger installation or 0% APR financing for 3 years.

Europe (Germany, France, Spain): VAT and Local Subsidies

European pricing includes 19–20% VAT but benefits from national EV subsidies. For example:

• Germany: MG4 EV starts at €30,990 (after €4,500 Umweltbonus subsidy)
• France: ZS EV Excite from €34,990 (after €5,000 prime à l’électrique)
• Spain: MG5 EV from €32,490 (after €4,000 MOVES III subsidy)

Note: Prices may vary slightly by region within countries. Always verify with local MG dealers for exact quotes and subsidy eligibility.

Australia and New Zealand: Import Costs and Local Demand

MG has gained popularity in Australasia due to competitive pricing and strong after-sales support.

• Australia:
  • MG4 EV SE: AU$43,990
  • ZS EV Excite: AU$46,990
  • ZS EV Exclusive: AU$53,990
• New Zealand:
  • MG4 EV SE: NZ$52,990 (includes Clean Car Discount of NZ$8,625)
  • ZS EV Excite: NZ$55,990 (after discount)

Pro Tip: In Australia, some states (e.g., Victoria, NSW) offer additional EV rebates—check local government websites.

India: Affordable EV Revolution

MG is a pioneer in India’s EV market with locally assembled models, keeping prices low.

• MG ZS EV: ₹23.38 lakh – ₹27.98 lakh (approx. $28,000–$33,500)
• MG Comet EV (mini EV): ₹6.99 lakh – ₹8.99 lakh (approx. $8,400–$10,800)

The Comet EV is a standout—a tiny, city-focused EV with a 171-mile range, perfect for congested urban areas. It’s one of the most affordable EVs in India, making it a top choice for first-time buyers.

North America (Limited Availability)

As of 2024, MG has not officially launched EVs in the US or Canada. However, the brand is exploring entry through partnerships or local assembly. If launched, expect prices to be 20–30% higher than in the UK due to import costs, tariffs, and compliance. For now, North American buyers may consider grey-market imports (not recommended due to warranty and support issues).

Financing, Leasing, and Deals: How to Save on Your MG EV

Buying an electric car is a significant investment, but MG offers multiple ways to reduce the upfront cost and make ownership more affordable. Understanding your options can save you thousands—and make the switch to electric easier than ever.

MG Finance Options

MG provides flexible financing through MG Finance (partnered with banks like Santander and Volkswagen Financial Services). Common plans include:

• Hire Purchase (HP): Fixed monthly payments over 2–5 years; you own the car at the end.
• Personal Contract Purchase (PCP): Lower monthly payments with a final balloon payment (or trade-in). Ideal if you plan to upgrade every 3–4 years.
• 0% APR Offers: Available on select models (e.g., MG4 EV SE) for 36 months—no interest if paid in full.

Example: On a £26,995 MG4 EV SE with 0% APR over 3 years, you’d pay £750 per month with no extra interest.

Leasing and Business Use

Leasing is popular for business users and those who want lower monthly costs. MG offers:

• Personal Leasing: From £299/month (MG4 EV SE, 10,000 miles/year, 36 months)
• Business Contract Hire (BCH): Tax-deductible for companies; from £249/month

Benefits include:

• No depreciation risk
• Regular upgrades to newer models
• Included maintenance packages (optional)

Government and Local Incentives

Don’t overlook subsidies—they can drastically reduce your effective price:

• UK: £2,500 PICG + £350 home charger grant
• Germany: Up to €4,500 Umweltbonus (income-dependent)
• France: €5,000 prime à l’électrique + €1,000 for low-income buyers
• Australia: Up to AU$3,000 state rebates (varies by state)

Tip: Apply for incentives before purchase—some require pre-approval.

Dealer Promotions and Seasonal Deals

MG dealerships often run limited-time offers:

• Free home charger installation (worth £1,000)
• Complimentary 3-year service plan
• Trade-in bonuses (up to £2,000 for old petrol/diesel cars)
• “Summer EV Drive” events with test drives and on-the-spot discounts

Always ask dealers about current promotions—they’re often not advertised online.

Total Cost of Ownership: Beyond the Price Tag

While the MG electric cars price is important, the total cost of ownership (TCO) is what truly matters. EVs are cheaper to run than ICE vehicles, but several factors influence long-term costs.

Running Costs: Charging vs. Fuel

Electricity is far cheaper than petrol or diesel. For example:

• Charging an MG4 EV (64 kWh) at home (15p/kWh): £9.60 for 270 miles → ~3.5p/mile
• Petrol car (40 mpg, £1.50/liter): ~17.3p/mile

Over 10,000 miles/year, you’d save £1,380 annually with an MG EV.

Maintenance and Servicing

EVs have fewer moving parts, so maintenance is simpler:

• No oil changes, exhaust systems, or clutch replacements
• Regenerative braking reduces brake wear
• Typical annual servicing: £150–£250 (vs. £300–£500 for ICE)

MG offers 7-year/80,000-mile warranties on batteries and powertrains—longer than most rivals.

Depreciation and Resale Value

MG EVs hold value well, especially in high-demand markets like the UK and Australia. The MG4 EV retains ~60% of its value after 3 years, outperforming many budget EVs. Factors affecting resale:

• Battery health (MG’s battery degradation is <2% per year)
• Service history
• Market demand (e.g., ZS EV is popular in India and Europe)

Insurance and Taxes

• Insurance: MG EVs are in lower insurance groups (e.g., MG4 EV: Group 20–25). Expect £600–£900/year for a 30-year-old driver.
• Road Tax: Zero in the UK, Germany, and many EU countries. Australia and India offer reduced rates.

Choosing the Right MG EV: A Buyer’s Checklist

With multiple models and trims, picking the right MG EV can be overwhelming. Use this checklist to make an informed decision based on your needs, budget, and lifestyle.

Step 1: Define Your Needs

• Daily Commute: < 30 miles? MG4 EV SE (218 miles) is sufficient.
• Family Use: Need space? MG ZS EV or MG5 EV.
• Performance: Want speed and style? MG Cyberster (if budget allows).
• City Driving: Tight spaces? MG Comet EV (India) or MG4 EV (compact).

Step 2: Assess Charging Access

• Home charger? Ideal for overnight charging. MG offers installation support.
• Public charging only? Prioritize longer-range models (e.g., ZS EV Long Range).
• Fast-charging capability? All MG EVs support CCS, with 10–80% in ~30–40 mins.

Step 3: Compare Total Cost

Use online TCO calculators (e.g., Zap-Map, EV Database) to compare:

• Upfront price (after incentives)
• Financing/leasing costs
• Annual charging, insurance, and maintenance
• Expected resale value

Step 4: Test Drive and Negotiate

• Test drive at least two models to compare comfort, range, and tech.
• Negotiate extras: free charger, service plan, or discount on accessories.
• Ask about delivery timelines—popular models may have 4–8 week wait times.

Step 5: Plan for the Future

• Will you keep the car for 5+ years? Consider battery warranty and software updates.
• Are you moving to a country with limited charging? Opt for a plug-in hybrid (e.g., MG HS PHEV) as a backup.

Data Table: MG Electric Cars 2024 – Key Specs and Prices

Model	Battery (kWh)	Range (WLTP, miles)	Power (hp)	0–60 mph (sec)	UK Price (OTR)	UK Price (After PICG)
MG4 EV SE Std	51	218	170	7.7	£26,995	£24,495
MG4 EV Trophy LR	77	323	203	7.7	£32,995	£30,495
MG ZS EV Excite	51.1	176	174	8.2	£30,495	£27,995
MG ZS EV Exclusive LR	83	301	203	8.2	£36,995	£34,495
MG5 EV Exclusive	61.1	250	174	7.7	£31,495	£28,995
MG Cyberster RWD	77	329	335	5.0	£55,000*	N/A

*Estimated price; not eligible for PICG due to price cap.

Conclusion: MG Electric Cars – Smart, Affordable, and Future-Ready

The 2024 MG electric cars price landscape proves that going green doesn’t have to cost a fortune. With models ranging from the budget-friendly MG4 EV to the exhilarating Cyberster, MG offers a compelling blend of innovation, practicality, and value. Whether you’re drawn to the spacious ZS EV for family trips, the versatile MG5 EV for cargo needs, or the cutting-edge MG4 EV for urban agility, there’s an MG EV to match your lifestyle and budget.

What sets MG apart is its commitment to accessibility. Competitive pricing, generous government incentives, flexible financing, and low running costs make ownership achievable for more people than ever. Add in a robust warranty, strong resale value, and expanding charging infrastructure, and the case for choosing an MG electric car becomes even stronger.

As we move deeper into the 2020s, MG is not just keeping pace with the EV revolution—it’s helping to drive it. With new models on the horizon and continuous improvements in battery tech and software, the future of MG electric cars looks brighter than ever. If you’re ready to make the switch to electric, now is the perfect time to explore MG’s 2024 lineup. Visit a local dealership, take a test drive, and experience the thrill of driving an affordable, high-tech EV. The road to a cleaner, smarter future starts with an MG—and it’s more affordable than you think.

Frequently Asked Questions

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

The 2024 MG electric car lineup starts at $27,495 for the base MG4 EV, offering an affordable entry into the EV market. Prices vary depending on trim and battery options.

Are there any current deals or incentives for MG electric cars price?

Yes, MG offers manufacturer rebates up to $2,000 and qualifies for the $7,500 federal EV tax credit in the US. Dealerships may also provide additional seasonal promotions.

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

The 2024 MG ZS EV starts at $30,995, making it 10-15% cheaper than rivals like the Hyundai Kona Electric. It balances cost with 250+ miles of range and premium features.

What factors affect the total MG electric cars price?

Final pricing depends on battery size (50kWh to 77kWh), trim level (Excite, Exclusive, Long Range), and optional extras like panoramic sunroofs or upgraded wheels. State taxes and fees add 5-8%.

Is the MG5 EV wagon a cost-effective electric car option?

With a $32,995 starting price, the MG5 EV undercuts most electric wagons by $5,000+. Its 250-mile range and spacious cargo area make it a practical choice for families.

Do MG electric cars price include home charger installation?

No, the purchase price excludes charger installation. However, MG partners with Qmerit to offer discounted home charger setups ($500-$1,200 depending on home electrical setup).