MG4 (51kWh Excite) cost to own in New Zealand — the true 5-year total
The MG4 (51kWh Excite) starts at $38,990. Over 5 years, owning one (EV) costs about $49,973 in New Zealand as of July 9, 2026 — $833/month, $0.71/km — including depreciation, charging (with the ~12% charging loss most calculators ignore), maintenance, insurance, financing and rego + road-user charges. That's $7,771 more than a comparable Toyota Corolla Hybrid over the same 5 years.
MG4 (51kWh Excite) incentives & grants
No EV purchase rebate in NZ (the Clean Car Discount ended Dec 2023), and EVs now pay Road User Charges (~NZ$76/1,000 km). Both are reflected honestly — the RUC is included in the totals above. Source: NZTA.
MG4 (51kWh Excite) · NZ · 5-year estimate$49,973 total · $833/mo · $0.71/km
Where the money goes
| Cost component | Electric · MG4 | Hybrid · Toyota Corolla Hybrid |
|---|---|---|
| Depreciation (estimated) | $22,614 (45%) | $15,830 (38%) |
| Charging / fuel | $5,098 (10%) | $8,732 (21%) |
| ↳ of which charging loss | 12% (~$612) | — |
| Maintenance | $2,247 (4%) | $3,752 (9%) |
| Insurance | $7,000 (14%) | $6,500 (15%) |
| Financing interest | $6,769 (14%) | $6,524 (15%) |
| Registration & fees | $6,245 (12%) | $865 (2%) |
| Total cost of ownership | $49,973 | $42,202 |
MG4 (51kWh Excite) specs & assumptions
- Starting price
- $38,990manufacturer
- Powertrain
- Electric
- Efficiency
- 14.5 kWh/100kmWLTP/EECA
- Range
- 350 kmWLTP/EECA
- NZ electricity
- 34.00c/kWhEA / MBIE
- Annual km (assumed)
- 14,000NZ average
Compare the MG4 (51kWh Excite) against any car, your km & your scenario
What the numbers say
The MG4 (51kWh Excite) costs about $49,973 to own over 5 years in New Zealand — $833/month, $0.71/km at 14,000 km/yr — and depreciation is the biggest line: $22,614, 45% of the total (as of July 9, 2026).
- The Toyota Corolla Hybrid wins decisively here — $7,771 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 (51kWh Excite)'s $49,973 actually goes: depreciation $22,614 (45%), insurance $7,000 (14%), financing interest $6,769 (14%), registration & fees $6,245 (12%), charging $5,098 (10%), maintenance $2,247 (4%).
- Per km, that is $0.32 of depreciation and $0.07 of charging, with $0.32 for everything else — $0.71/km all-in.
- Charging vs the fleet: at $5,098 over 5 years the MG4 (51kWh Excite) sits within $352 of the $5,450 median for the 23 EVs we price — nothing unusual either way.
What we assume for maintenance
Assumed $449/yr for an EV at 14,000 km/yr — about $2,247 of the 5-year total above. On this market's assumptions an EV runs about $451/yr less in maintenance than a petrol car ($449 vs $900). See the methodology for sources; adjustable in the calculator.
Cost to charge the MG4 (51kWh Excite) at home
The MG4 (51kWh Excite) runs about $5.60 per 100 km at home — versus about $20.79 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
- $5.6014.5 kWh/100km + 12% charging loss × $0.34/kWh
- A typical 7 L/100km petrol car
- $20.79/100kmat $2.97/L — for comparison