Electric car model breaks $40000 Australian price barrier in sale 2024

 In 2024, Australia saw significant milestones in electric vehicle (EV) pricing as more affordable models entered the market. Two key models—BYD's Dolphin and MG's MG4 hatchback—both broke the $40,000 barrier, priced just under at around $38,990 and $38,890 respectively. These vehicles offer competitive features like impressive range, advanced safety technologies, and interior amenities that rival petrol-powered cars in the same price bracket. The MG4, for example, boasts a range of up to 435 km, depending on the model, while the BYD Dolphin offers a 426 km range【13†source】【14†source】.

These price points mark a new era for the EV market in Australia, especially as more consumers express interest in electric cars. In fact, a Roy Morgan survey showed that over half a million Australians plan to buy an EV by 2027【14†source】. Hyundai is also targeting a sub-$40,000 price with its upcoming Inster model, expected in 2025, which would further expand affordable options for Australian buyers【15†source】. 

With growing availability and government incentives, affordable EVs are poised to disrupt the traditional automotive market in the country.

In 2024, Australia saw significant milestones in electric vehicle (EV) pricing as more affordable models entered the market. Two key models—BYD's Dolphin and MG's MG4 hatchback—both broke the $40,000 barrier, priced just under at around $38,990 and $38,890 respectively. These vehicles offer competitive features like impressive range, advanced safety technologies, and interior amenities that rival petrol-powered cars in the same price bracket. The MG4, for example, boasts a range of up to 435 km, depending on the model, while the BYD Dolphin offers a 426 km range【13†source】【14†source】.

These price points mark a new era for the EV market in Australia, especially as more consumers express interest in electric cars. In fact, a Roy Morgan survey showed that over half a million Australians plan to buy an EV by 2027【14†source】. Hyundai is also targeting a sub-$40,000 price with its upcoming Inster model, expected in 2025, which would further expand affordable options for Australian buyers【15†source】. 

With growing availability and government incentives, affordable EVs are poised to disrupt the traditional automotive market in the country.

In 2024, multiple electric vehicle (EV) models in Australia broke the $40,000 price barrier, marking a significant shift in the market toward more affordable options. The **MG4**, an electric hatchback from Chinese automaker MG, led the charge with a starting price of $38,990. It offers a competitive driving range of up to 435 km and features advanced technologies such as adaptive cruise control and wireless charging【13†source】. Similarly, the **BYD Dolphin**, also priced just under $40,000 at $38,890, provides a 426 km range and a range of modern features【14†source】.

These price cuts are part of a broader trend driven by Chinese automakers like MG, BYD, and GWM, which are producing budget-friendly EVs and challenging traditional petrol vehicles in terms of both price and performance. The influx of these affordable models has made EVs more accessible to a wider range of consumers, especially as government incentives further lower costs【14†source】. 

Hyundai is also expected to join this price war with its upcoming **Inster SUV**, anticipated to start around $40,000, adding more variety to the budget EV market【15†source】. This growing competition is reshaping Australia's automotive landscape, making EV adoption more achievable for everyday drivers.