Affordable electric vehicles become a rarity again as EV demand spikes, supply shrinks

Affordable electric vehicles become a rarity again as EV demand spikes, supply shrinks

Earlier in the week, I was contacted by a reader of The Driven asking me about the condition of economical EVs in Australia, as the cost of residing – and especially the petrol and diesel selling price – is on the rise. So I considered I’d glance into in which items stand right now and what’s up coming.

Are there any economical EVs accessible for prospective spouse and children car or truck consumers?

EV uptake in Australia has seen a change in the final 18 months. Whilst 2021 saw a tripling of product sales compared to 2020, that expansion has been crunched in modern months by a slash in the supply of EVs to community shores. This is not good information when quite a few people are searching at generating the change to an EV.

MG launched what was then Australis’s most affordable EV just above a calendar year in the past in early 2021. It was promoted as Australia’s most economical new EV and turned the next most effective marketing EV past calendar year. This 12 months although, the most affordable EV uptake has begun to see a little bit of a slow down.

mg zs ev uptake trends
Source: carloop

A person of the primary motorists of this downturn has been that the 2022 MG ZS EV with a longer range is not nonetheless out there in Australia. And really few of the 2021 designs have arrived in Australia. In some states like Queensland, only 13 MG EVs manufactured it to owner’s driveways for the initially three months of the 12 months.

Only 1 affordable new SUV for sale less than $45,000

Just lately it transpired that Hyundai will clear away the unique Ioniq EV from its lineup. That was 1 of the additional reasonably priced options available to possible EV prospective buyers. One particular main utilised automobile revenue website right now experienced just a single new MG ZS EV underneath $45,000 out there for sale.


This auto is found in Tasmania and with below 50kms on the clock. There were being also 2 other employed models available 1 in Tasmania and the other in NSW. The employed Tasmanian example has in excess of 13,000kms and is staying marketed as worth extra than a new just one.

used mg zs ev for sale

Inexpensive EVs are on the way

With a modern adjust in federal government and some modifications to the EV guidelines on the horizon, a unique sign is staying sent to suppliers to convey in additional affordable EVs for Australian potential buyers.

The desire for these automobiles is surely there, as viewed by the orders of the forthcoming BYD Atto 3. In accordance to the importer of BYD, 1000’s of orders have been taken so much with an eventual delivery in the second 50 percent of the year. MG ZS EV also has the updated model arriving in the 3rd quarter of 2022.

MG ZS EV charging at Ampol. Image: Riz Akhtar
MG ZS EV charging at Ampol. Graphic: Riz Akhtar

The level of popularity of EVs is mounting across the country. With fuel selling prices predicted to soar yet again, the demand for EVs will go on to outstrip offer. What is essential is a force for producers to get additional economical versions in this article. These styles will be suitable for lots of state-driven incentives such as subsidies and rebates.

Carmakers like MG and BYD that bring reasonably priced family SUVs 1st will without doubt see revenue increase over the up coming 12 months, leaving other folks to catch up.

Far more inexpensive versions landed in the 2nd half of 2022 can only be a constructive detail for EV uptake in Australia. This change will make it easier for a lot more households to experience the gains of EVs and assistance us decarbonise transport sooner.