MG4 cost to own in Australia — the true 5-year total
The MG4 starts at $31,990. Over 5 years, owning one (EV) costs about $50,858 in Australia as of July 9, 2026 — $848/month, $0.85/km — including depreciation, charging (with the ~12% charging loss most calculators ignore), maintenance, insurance, financing and rego. That's $8,108 more than a comparable Toyota Corolla Hybrid over the same 5 years.
MG4 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.
MG4 · Australia · 5-year estimate$50,858 total · $848/mo · $0.85/km
Where the money goes
| Cost component | Electric · MG4 | Hybrid · Toyota Corolla Hybrid |
|---|---|---|
| Depreciation (estimated) | $18,874 (37%) | $13,486 (32%) |
| Charging / fuel | $4,680 (9%) | $3,912 (9%) |
| ↳ of which charging loss | 12% (~$562) | — |
| Maintenance | $4,752 (9%) | $5,502 (13%) |
| Insurance | $12,725 (25%) | $10,000 (23%) |
| Financing interest | $5,452 (11%) | $5,475 (13%) |
| Registration & fees | $4,375 (9%) | $4,375 (10%) |
| Total cost of ownership | $50,858 | $42,750 |
MG4 specs & assumptions
- Starting price
- $31,990manufacturer
- Powertrain
- Electric
- Efficiency
- 16 kWh/100kmADR
- Range
- 435 kmADR
- Australia electricity
- 33.00c/kWhAER
- Annual km (assumed)
- 12,000Australia average
What the numbers say
The MG4 costs about $50,858 to own over 5 years in Australia — $848/month, $0.85/km at 12,000 km/yr — and depreciation is the biggest line: $18,874, 37% of the total (as of July 9, 2026).
- The Toyota Corolla Hybrid wins decisively here — $8,108 cheaper over 5 years; at typical assumptions this isn't a close call.
- No realistic annual distance flips this verdict — the Toyota Corolla Hybrid stays the cheaper car at every distance we model.
- Where the MG4's $50,858 actually goes: depreciation $18,874 (37%), insurance $12,725 (25%), financing interest $5,452 (11%), maintenance $4,752 (9%), charging $4,680 (9%), registration & fees $4,375 (9%).
- Per km, that is $0.31 of depreciation and $0.08 of charging, with $0.46 for everything else — $0.85/km all-in.
- Charging vs the fleet: at $4,680 over 5 years the MG4 sits within $146 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 MG4 at home
The MG4 runs about $6.00 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
- $6.0016 kWh/100km + 12% charging loss × $0.33/kWh
- A typical 7 L/100km petrol car
- $11.41/100kmat $1.63/L — for comparison