MG4 EV vs Toyota Corolla 1.8 Hybrid: 5-year cost to own (UK)
Over 5 years in the UK (12,000 mi/yr), as of August 6, 2026, the Toyota Corolla 1.8 Hybrid stays the cheaper car to own — about £32,804 vs £34,207 for the MG4 EV, a £1,403 difference over 5 years. The UK Electric Car Grant is shown separately, not in these totals.
UK Electric Car Grant: up to £3,750 off the price of an eligible new EV (RRP ≤ £37,000, applied by the dealer). Shown for reference; not included in the totals above. Source: GOV.UK Electric Car Grant.
Cheaper to own over 5 years · UKToyota Corolla 1.8 Hybrid · £32,804 total · £1,403 less than the MG4 EV
MG4 EV vs Toyota Corolla 1.8 Hybrid — where the money goes
| Cost component | Electric · MG4 EV | Hybrid · Toyota Corolla 1.8 Hybrid |
|---|---|---|
| Depreciation (estimated) | £18,597 (54%) | £15,423 (47%) |
| Charging / fuel | £5,253 (15%) | £6,522 (20%) |
| ↳ of which charging loss | 12% (~£630) | — |
| Maintenance | £1,500 (4%) | £1,998 (6%) |
| Insurance | £2,780 (8%) | £2,625 (8%) |
| Financing interest | £5,077 (15%) | £5,237 (16%) |
| Registration & fees | £1,000 (3%) | £1,000 (3%) |
| Total cost of ownership | £34,207 | £32,804 |
When does the MG4 EV win?
The Toyota Corolla 1.8 Hybrid holds a slim £1,403 lead over 5 years — a close result, but a real one at these rates and distances.
The MG4 EV pulls ahead of the Toyota Corolla 1.8 Hybrid if you drive more than about 21,500 mi/yr. Cheaper home power is the other lever: below 19.14p/kWh at the same driving, the MG4 EV comes out ahead (this page uses 26.11p/kWh). A longer hold also changes it: keep the car past 7 years and the MG4 EV comes out ahead.
What decides the MG4 EV vs Toyota Corolla 1.8 Hybrid verdict
One line outweighs everything else here: depreciation. It costs £18,597 on the MG4 EV against £15,423 on the Toyota Corolla 1.8 Hybrid — a £3,174 swing to the Toyota Corolla 1.8 Hybrid, bigger than the £1,403 that separates the two 5-year totals. On the MG4 EV, depreciation alone is 54% of its £34,207 total; on the Toyota Corolla 1.8 Hybrid it is 47% of £32,804.
- Energy: £5,253 of charging for the MG4 EV vs £6,522 of petrol for the Toyota Corolla 1.8 Hybrid — £1,269 the other way, to the MG4 EV.
- Maintenance: MG4 EV £1,500, Toyota Corolla 1.8 Hybrid £1,998 — £498 the other way, to the MG4 EV.
- Financing interest: MG4 EV £5,077, Toyota Corolla 1.8 Hybrid £5,237 — £160 the other way, to the MG4 EV.
Energy is the MG4 EV's strong suit: £1,269 back, 90% of the Toyota Corolla 1.8 Hybrid's lead — just not enough to turn it. At the dealer the Toyota Corolla 1.8 Hybrid costs £850 more than the MG4 EV, yet 5 years of ownership claw all of that back — and finish £1,403 ahead. The Toyota Corolla 1.8 Hybrid is ahead by £76 after the first year and more than doubles that lead — £1,403 by year 5.
MG4 EV vs Toyota Corolla 1.8 Hybrid, side by side
MG4 EV
- 5-yr total cost
- £34,207
- Cost / month
- £570
- Cost / mile
- £0.57
- RRP
- £29,995
- Powertrain
- Electric
- Efficiency
- 22.7 kWh/100mi
Toyota Corolla 1.8 Hybrid
- 5-yr total cost
- £32,804
- Cost / month
- £547
- Cost / mile
- £0.55
- RRP
- £30,845
- Powertrain
- Hybrid
- Efficiency
- 64.1 mpg
- UK electricity
- 26.11p/kWh Ofgem
- UK petrol
- £1.53/litre GOV.UK