MG S5 EV (Excite 62kWh) cost to own in Australia — the true 5-year total
The MG S5 EV (Excite 62kWh) starts at $45,990. Over 5 years, owning one (EV) costs about $61,576 in Australia as of July 9, 2026 — $1,026/month, $1.03/km — including depreciation, charging (with the ~12% charging loss most calculators ignore), maintenance, insurance, financing and rego. That's $11,819 more than a comparable Suzuki Jimny XL 5-door auto over the same 5 years.
MG S5 EV (Excite 62kWh) incentives & grants
Novated lease (FBT exemption): for a salary-packaged EV the federal FBT exemption can cut the cost substantially — it depends on your income and tax, so it is not in the totals above. Source: ATO.
MG S5 EV (Excite 62kWh) · Australia · 5-year estimate$61,576 total · $1,026/mo · $1.03/km
Where the money goes
| Cost component | Electric · MG S5 EV | Petrol · Suzuki Jimny XL 5-door |
|---|---|---|
| Depreciation (estimated) | $27,134 (44%) | $17,245 (35%) |
| Charging / fuel | $4,505 (7%) | $6,748 (14%) |
| ↳ of which charging loss | 12% (~$541) | — |
| Maintenance | $4,752 (8%) | $6,402 (13%) |
| Insurance | $12,725 (21%) | $8,500 (17%) |
| Financing interest | $8,085 (13%) | $6,487 (13%) |
| Registration & fees | $4,375 (7%) | $4,375 (9%) |
| Total cost of ownership | $61,576 | $49,757 |
MG S5 EV (Excite 62kWh) specs & assumptions
- Starting price
- $45,990manufacturer
- Powertrain
- Electric
- Efficiency
- 15.4 kWh/100kmADR
- Range
- 425 kmADR
- Australia electricity
- 33.00c/kWhAER
- Annual km (assumed)
- 12,000Australia average
Compare the MG S5 EV (Excite 62kWh) against any car, your km & your scenario
What the numbers say
The MG S5 EV (Excite 62kWh) costs about $61,576 to own over 5 years in Australia — $1,026/month, $1.03/km at 12,000 km/yr — and depreciation is the biggest line: $27,134, 44% of the total (as of July 9, 2026).
- The Suzuki Jimny XL 5-door auto wins decisively here — $11,819 cheaper over 5 years; at typical assumptions this isn't a close call.
- No realistic annual distance flips this verdict — the Suzuki Jimny XL 5-door auto stays the cheaper car at every distance we model.
- On cost per month the MG S5 EV (Excite 62kWh) ranks #10 of 14 small SUV models we track in Australia.
- Where the MG S5 EV (Excite 62kWh)'s $61,576 actually goes: depreciation $27,134 (44%), insurance $12,725 (21%), financing interest $8,085 (13%), maintenance $4,752 (8%), charging $4,505 (7%), registration & fees $4,375 (7%).
- Per km, that is $0.45 of depreciation and $0.08 of charging, with $0.50 for everything else — $1.03/km all-in.
- Charging vs the fleet: at $4,505 over 5 years the MG S5 EV (Excite 62kWh) sits within $29 of the $4,534 median for the 25 EVs we price — nothing unusual either way.
What we assume for maintenance
Assumed $950/yr for an EV at 12,000 km/yr — about $4,752 of the 5-year total above. On this market's assumptions an EV runs about $330/yr less in maintenance than a petrol car ($950 vs $1,280). See the methodology for sources; adjustable in the calculator.
Cost to charge the MG S5 EV (Excite 62kWh) at home
The MG S5 EV (Excite 62kWh) runs about $5.78 per 100 km at home — versus about $11.41 for a typical 7 L/100km petrol car. Home charging only (the ~12% AC charging loss is included); public DC fast-charging is billed per session by each network — often 2–3× the home rate — and isn't in these figures.
- Per 100 km at home
- $5.7815.4 kWh/100km + 12% charging loss × $0.33/kWh
- A typical 7 L/100km petrol car
- $11.41/100kmat $1.63/L — for comparison