The next generation of electric vehicles is here, and they cost less than $40,000

One of three electric vehicles priced at less than $40,000 will arrive in Australian dealerships this week in a move its manufacturer promises will be a game-changer for the adoption of the technology.

And MG said the company was confident it would sell at least 3000 electric hatchbacks in the country this year, making the vehicle one of Australia’s top-selling electric cars.

The MG4, with its entry model costing $38,990, will be the second-cheapest electric vehicle on the market, at $100 more than the BYD Dolphin that is due to arrive within weeks.

The GWM Ora, which had its price cut to $39,990 in July, is already in dealerships.