Are you thinking about switching to zero-emissions driving without splurging your savings? Fortunately, as EV technology evolves, prices are lowering fast. So, for those in the market for an electric vehicle, there are more affordable options than ever before. 

Coming in at under $40k, these eco-friendly rides are more accessible while still offering attractive cost-savings on fuel and maintenance, with top performance and tech.

GWM Ora

Driveaway: $35,990

Coming in at a shade under $36k, the Standard variant of the GWM Ora is officially the cheapest EV in Australia. An eye-catching hatchback, it’s bug-eyed LED headlights and distinctive design give it loads of character, especially in its range of vibrant colours. Inside, the décor is a two-tone leatherette and features a 10.25” touchscreen infotainment system compatible with Apple CarPlay and Android Auto, complemented by a ‘Hello ORA’ voice assistant.

Despite its compact size, the GWM Ora offers moderate space in both front and rear, although the boot is relatively small. The Standard Range variant features a 48kWh battery with a decent 310km range – for the price. The Ora has a top speed of 152km/h and a 0-100km/h time of 8.5 seconds.

Safety features include a 5-star ANCAP rating, a 360-degree camera, adaptive cruise control, blind-spot monitoring and more. The GWM Ora is backed by a seven-year unlimited km warranty, making it a reliable and safe choice for city driving. While it may lack power and range compared to some competitors, its affordability, style and practicality make it a great option for daily urban commutes.

BYD Dolphin Dynamic

Driveaway: $36,890

Another Chinese export that has disrupted the market is the BYD Dolphin. Its Dynamic variant costs under $37k – a bit more than the GWM Ora, but that’s reflected in the slightly better specs. A rather aerodynamic-looking five-seater hatchback, the Dolphin Dynamic offers plenty of customisable options for colours and accessories. 

Its interior features ‘vegan leather’ upholstery and a 12.8″ touchscreen infotainment system with Bluetooth connectivity and safety features like lane departure warning and cruise control. The Dolphin Dynamic has a modest 44.9kWh battery (smaller than the Ora) but provides a substantially longer range of 410km.

A 250kW DC charger can charge the Ora from 10-80% in about 30 minutes. Safety features include seven SRS airbags, ISOFIX attachments and a 360° camera system. For its price, the BYD Dolphin Dynamic excels in space, tech features and efficiency.

MG MG4 Excite 51

Driveaway: $39,990

A whisper under $40k at $39,990 driveaway, the MG4 Excite 51kWh variant delivers great bang for your buck – and its even Carsales’ Car of the Year 2023. Designed in London, it blends British heritage and Chinese manufacturing, boasting a sleek, SUV-like appearance with sporty elements that stands out on the road. 

The MG4 features a minimalist interior with premium touches, including a 10.25-inch infotainment system and smartphone connectivity. Performance-wise, the Excite 51 has a 51kWh battery and a 350km range. Built on MG’s Modular Scalable Platform, the MG4 delivers smooth handling and peppy acceleration, making it ideal for city driving or longer journeys. 

Charging is quick and convenient, with a range of charging options available. In terms of safety, the MG4 boasts a full five-star ANCAP rating and comes equipped with MG Pilot’s suite of active driver safety features. With a generous seven-year warranty and competitive pricing, the MG4 sets a new standard for affordable EVs, offering a compelling option for those looking to make the switch to electric.

Summary

The best EVs under $40,000 on the Australian market in 2024 include the GWM Ora, BYD Dolphin Dynamic and the MG MG4.

Are you considering making the switch to an electric vehicle? Save time and money and stay fully charged with exclusive access to electric vehicle charging solutions and information to support you on your EV journey, all available through ActewAGL’s evHub. Find out more here.

Sources

https://www.gwmanz.com/au/models/ev/ora

https://bydautomotive.com.au/dolphin

https://mgmotor.com.au/models/mg-mg4