How much are electric cars in Australia? Full-market pricing!

We break down what to expect to pay for every new EV in Australia today

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"Electric vehicles aren’t affordable."

This remains the go-to complaint and barrier to electric car adoption, understandably. But, times are changing.


  • 50+ EV models from 24+ brands available (or soon to be) in Australia
  • Cheapest EVs are from $38K, most centre in $60K-$100K range
  • Batteries make EVs pricier, but some models have already achieved 'price parity'

While new car ‘affordability’ depends on your personal circumstances, there is a growing list of new lower-cost EVs entering Australia that have increased competition and buyer choice.

How much do new electric cars cost in Australia today? Are they affordable, or are they just so-called 'luxury cars'? Read on to find out...


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⚡️ How much do EVs cost right now?

The cheapest new EV you can currently buy in Australia starts from just under $39,000 before on-road costs (or about $41,000 drive-away) – but most models centre in the $60,000 to $100,000 range.

Some state governments offer limited rebates and incentives to further lower the price tag, while the federal government has exempted the fringe benefits tax (FBT) for select electric models on company novated leases to slash running costs – which has been mooted as the most affordable way to get into an EV.

In the case of some Chinese-made EV models – such as the BYD Dolphin, MG 4 and Tesla Model 3 – their price tags closely match petrol engine powered rivals, if not even cheaper.

Generally, for the price range of a popular petrol- or diesel-powered 4x4 ute and large family SUV today, buyers can comfortably get an EV from a size class below.

As more Australians and business fleets make the electric switch, those models will eventually flow on to create a larger and more accessible used EV market.

And, while electric cars are generally not ‘cheap’, reduced total ownership costs mean the price premium (if applicable) will be recouped over time as you drive more.

Of course, there are other factors to consider such as relatively inferior driving range, the ability (or lack thereof) to ideally charge at home, and typically pricier insurance premiums – so EVs may not be right for you depending on your driving needs (at least for now).

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😩 Why are EVs expensive?

Blame the battery.

Electric cars generally cost between 20 to 50 per cent more than the equivalent combustion engine model, even though some EV models actually undercut their petrol or diesel competition.

Expensive, mining-intensive and resource-limited materials needed to form large battery packs – including lithium, cobalt, nickel, manganese – and other rare earth minerals for the electric motor are key causes of the EV price premium.

Lithium prices in particular have risen slightly in 2022 due to the intense demand for EVs globally, which has caused a supply shortage. The materials have also been questioned for their high environmental footprint – but is still more environmentally-friendly to drive an EV over time.

However, new battery developments such as the lithium-iron-phosphate (LFP) cathode, emerging sodium-ion tech, and supply chain tracing are aiming to bring costs down and address today’s contentious issues.

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🏆 Top 10 most affordable new EVs in Australia

This story outlines the price of every new electric vehicle in Australia by body type, but which are the cheapest? Check out our guide below for more.

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💰 The price of every new EV model on sale in Australia

Prices below exclude on-road costs, dealer delivery fees, any eligible incentives, and additional options – but include the Luxury Car Tax (LCT) where applicable.

Figures are accurate as at August 22, 2023.

*Model launching soon in Australia

**Price excludes Tesla’s mandatory $400 order fee and $1400 delivery fee

🚘 Skip to the EV body style you're most interested in

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Electric hatches

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Small/medium electric sedans and liftbacks

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Large electric sedans and liftbacks

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Electric wagons

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Light/small electric SUVs

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Medium electric SUVs

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Large electric SUVs

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Electric people movers

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Electric light commercial vans

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Electric ute

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🤔 Is it time to make the electric switch?

The purchase price tag of an electric car is just one of many factors to consider when making the electric switch. Check out our comprehensive guides below to know everything about EVs.

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Henry Man


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