BEVHatchback2024

MG MG4 Essence

From $46,990 driveaway · about $8,099/year to run

Battery
64.0 kWh
Range (real)
~360 km
Efficiency
17.5 kWh/100km
Cost per km
$1

Vs the Mazda Mazda 3 Pure, the MG MG4 Essence costs about $4,464 more over 5 years — its higher purchase price offsets lower running costs. The gap narrows the more you drive.

Annual running cost

$8,099/year

At 15,000 km/year in NSW. 5-year total: $40,496.

Energy (charging)Home + public charging$580
RegistrationState-based, EV rates$500
InsuranceSegment average$1,500
ServicingNo oil changes, fewer parts$350
DepreciationResale value loss$5,169

EVs skip oil changes and have far fewer moving parts, so servicing is typically about $350/year. For typical repair and servicing prices on Australian cars, see AutoRepairCost.

Customise the calculation

interactive

Pre-loaded with the MG MG4 Essence. Change the state, distance, ownership period and charging mix to see your real numbers.

EV Running Cost Calculator

Compare the true 5-year ownership cost of an electric car vs its petrol equivalent in Australia.

15,000 km

Ownership period

EV charging mix
70%
20%
10%

Total: 100%

Over 5 years, the MG MG4 Essence costs $2,764 more than the Mazda Mazda 3 Pure — but fuel savings grow every year.

Electric

MG MG4 Essence

Energy / Fuel
$2,901
Registration
$2,500
Insurance
$7,500
Servicing
$1,750
Depreciation
$25,845

5-Year Total

$40,496

$1/km · $8,099/yr

Petrol

Mazda Mazda 3 Pure

CHEAPER
Energy / Fuel
$9,686
Registration
$2,500
Insurance
$7,500
Servicing
$2,750
Depreciation
$15,296

5-Year Total

$37,732

$1/km · $7,546/yr

💰 YOU SAVE $2,764

5-Year Cost Breakdown

Energy / Fuel

EV
$2,901
PET
$9,686

Registration

EV
$2,500
PET
$2,500

Insurance

EV
$7,500
PET
$7,500

Servicing

EV
$1,750
PET
$2,750

Depreciation

EV
$25,845
PET
$15,296

Vs comparable petrol cars

5-year running cost against 3 petrol alternatives, same assumptions.

Vehicle5-yr costPer kmVs MG4 Essence
MG MG4 Essence$40,496$1
Mazda Mazda 3 Pure$36,032$0−$4,464
Toyota Corolla Ascent Sport$35,840$0−$4,656
Hyundai Kona 2.0 MPI$40,166$1−$330

Green = the MG4 Essence is cheaper. Tap any petrol car for the full head-to-head.

FAQ

How much does it cost to run the MG MG4 Essence per year in Australia?
Around $8,099 per year, or $1/km, based on 15,000 km/year in NSW. That covers charging, registration, insurance, servicing and depreciation.
How much does it cost to charge the MG MG4 Essence?
Energy averages about $580 a year at 15,000 km with a mix of home, solar and public charging. Charging at home overnight (or on solar) is by far the cheapest option.
What is the 5-year running cost of the MG MG4 Essence?
About $40,496 over 5 years at 15,000 km/year in NSW, of which roughly $25,845 is depreciation and $2,901 is charging.
Is the MG MG4 Essence cheaper to run than the Mazda Mazda 3 Pure?
On pure running costs the gap is small over 5 years; the MG MG4 Essence's lower energy and servicing costs are partly offset by its higher purchase price and depreciation. The calculator above shows the full picture for your situation.

Compare the MG4 Essence

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