4 Best New EV Cars in Australia Under 40k Range – Affordable 2025 Electric Options
Why More Aussies Are Switching to EVs Under $40K
Come on—electric cars aren’t the reserve of tech-heads and Tesla zealots anymore. EVs are an affordable option for regular Aussies in 2025, especially if you want to purchase one for a $40,000 sticker price. With the cost of petrol not moving an inch and government subsidies available, EVs for less than $40K have never been so in demand.
What’s the best part? They’re filled with clever technology, cost virtually nothing to run, and are kind to the environment—all while giving you that serene, silky-smooth electric car driving experience.
What Can You Really Expect from a New EV Under $40K?
Freaking out that “budget EV” means “bare bones”? Not anymore. Here’s what you’ll typically get when you go electric without breaking the bank:
- Range: Anywhere from 250 to 340 km—a more than adequate amount for work commutes and grocery shopping.
- Battery & Charging: Fast charging and lithium-ion batteries that spend their power prudently.
- Tech & Safety: Touchscreens, Apple CarPlay/Android Auto, emergency stop, and lane departure assist are all standard across most models.
- Warranty: 5 to 7 years for the car and up to 8 years for the battery. Extremely reassuring.
Top 4 Brand-New EVs in Australia for Under $40K
Here are the best all-electric cars you can drive away from the forecourt for less than $40,000 in 2025:
1. BYD Dolphin Essential
- Price: From $31,287 Drive Away Price
- Range: Up to 340 km (WLTP)
- Why it’s great: It’s Australia’s cheapest new EV on the books, but don’t worry, that doesn’t compromise on quality. The Dolphin is thrifty, smooth, and easy to maneuverer—making it an excellent city runabout.
- More details on: BYD Automotive
2. GWM Ora Standard Range
- Price: From $33,990 Drive Away Price
- Range: Up to 310 km (WLTP)
- Why it’s great: With its retro appearance and surprisingly roomy interior, the Ora grabs eyeballs without compromising on serious value. Added bonus: it comes with a comprehensive list of safety features.
- More details on: GWM Ora
3. MG4 Excite 51
- Price: From $37,990 Drive Away Price
- Range: Up to 350 km (WLTP)
- Why it’s great: Not only is this rear-wheel drive hatchback functional—it’s a pleasure to drive. A 5-star ANCAP safety rating and 7-year warranty make it one of the most intelligent buys in the segment.
- More details on: MG4 Excite 51
4. Hyundai Inster EV
- Price: $39,000 + On Road Cost
- Range: Up to 327 km (WLTP)
- Why it’s great: It’s compact, packed with tech (think double 10.25-inch screens), and perfect for navigating through busy city streets. Perfect for city life.
- More details on: Hyundai Inster EV
Charging Made Simple
Worried about where to charge? Don’t be. Most of these EVs are fast charging-capable, charging to 80% in under an hour. The easiest option is overnight home charging, and Australia’s public charging network is expanding at speed—especially in metro and city regions.
What Incentives Can You Receive?
Government incentives are helping Aussies lower EV prices further. Here’s a snapshot:
| NSW | $3,000 rebate + stamp duty exemption |
| Victoria | Up to $2,500 rebate |
| QLD | Up to $6,000 rebate on eligible EVs |
| ACT | No stamp duty + 2 years free rego |
All of these incentives could have you paying much less than $40K—even with on-road costs included.
Need Help with Financing? We’ve Got You Covered
Thinking about switching to electric but worried about the up-front cost? That’s where Electric Loans Australia comes in. We offer competitive EV loans with easy-to-manage interest rates that suit your budget.
First-time buyer or trading in for a new one, our experts will guide you through the process—from loan application to handling rebates and incentives.
Explore Your EV Loan Options Today
Final Thoughts: Which Budget EV is Right for You?
Seriously, you can’t go wrong with any of them. Do you want uncompromising value? Get the BYD Dolphin. Do you want something that’s fun and slim? The MG4 Excite 51 awaits. Do you want a touch of pizzazz? The GWM Ora might be your ticket. And do you want something with techie sophistication? Try the Hyundai Inster.
Bottom line: You don’t have to bankrupt yourself to drive electric in 2025—you just need to be smart about it.
