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MG 4 EV Urban could become cheaper for fleets

The newly introduced 2026 MG 4 EV Urban is the cheapest electric vehicle (EV) the Chinese brand has offered, but it could break even cheaper when product planners opt for less well-equipped variants.

Priced at just $31,990, the MG 4 EV Urban is one of the cheapest electric vehicles available in Australia… period. However, the Essence specification offered in Australia with two battery sizes is actually the flagship option, while a lower-spec specification is available in other markets such as the UK.

This could see the small electric hatchback’s on-road base price fall below $30,000 if it were offered here.

Speaking to media at the Australian MG 4 EV Urban media promotion, MG Motor Australia product director Meng Chen said the brand’s customers tend to prefer higher trim levels, which is why the Essence will be the only offering at launch, but a cheaper trim could make its way Down Under.

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“Yes, we do have the (cheaper) trim level, but we deliberately introduced only the Essence trim level because the data shows us that electric vehicle buyers prefer premium trims. We have very solid data to support that,” said Mr. Chen.

“90 percent of our (EV) customers buy premium equipment. Who are the 10 percent?

When launching the MG 4 EV Urban, the brand’s representatives made several references to the British market as a strong indicator of what to expect in Australia.