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The new MG S5 EV will be priced from $40,490 drive-away, making it the cheapest electric SUV available in Australia.
MG has confirmed local pricing for its new S5 EV small electric SUV, positioning the replacement for the ZS EV as the cheapest battery-electric SUV now available in the country.
Hot on the heels of the second-generation MG ZS, which was released in hybrid and petrol forms in recent months, the new S5 EV will launch from $40,490 drive-away for the base Excite with a 49kWh battery, making it the most affordable vehicle of its kind (after on-road costs) ahead of the ultra-compact Hyundai Inster and familiar BYD Atto 3 Essential.
Other dearer rivals include the Geely EX5 Complete ($40,990 before on-road costs), Chery Omoda E5 BX (42,990 before on-road costs), Leapmotor C10 Style (45,888 before on-road costs), and Kia EV3 Air Standard Range ($47,600 before on-road costs).
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Model | Drive-away price |
---|---|
2025 MG S5 EV Excite 49kWh | $40,490 |
2025 MG S5 EV Essence 49kWh | $42,990 |
2025 MG S5 EV Excite 62kWh | $44,990 |
2025 MG S5 EV Essence 62kWh | $47,990 |
The S5 EV will be offered in two trim grades – Excite and Essence – each with the choice of either a 49kWh or 62kWh battery pack that delivers between 410km and 515km (NEDC) of driving range.
At the top of the range, the Essence 62kWh specification asks $47,990 drive-away – less than a base C10 or EV3.
However, the S5 EV is at least $3602 more than expensive than its ZS EV predecessor, which dropped to $36,888 drive-away during runout in early 2025.
To further incentivise early sales, MG will throw in a free 7kW MG Charge Hub valued at $1199 for the first 500 customers who place a refundable $500 deposit at their local MG dealership. Deliveries will commence next month.
The five-seat S5 EV employs the same mechanical platform as the popular MG 4 hatchback, but is significantly larger in almost all dimensions.
Variants with the 49kWh battery support a maximum DC fast-charging rate of 120kW, while the larger battery can handle up to 150kW. MG claims both can be replenished from 30 to 80 per cent in as little as 19 minutes.
All variants will feature a single electric motor driving the rear wheels and producing 125kW of power and 250Nm of torque, and are covered by MG’s benchmark 10-year/250,000km warranty.
All S5 EV variants will feature an extensive list of standard equipment including:
Essence variants add:
Seven exterior paint colours will be available in Australia, and the Essence can also be had with the choice of either a black or white interior trim.
The MG S5 will also come with a comprehensive suite of advanced driver aids across both variants (see below), and MG is confident it will match the MG 4’s five-star ANCAP rating.
Essence variants also get a surround-view camera.
MORE: 2025 MG S5: Australian details revealed for ZS EV replacement
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Josh Nevett is an automotive journalist based in Melbourne, Australia. Josh studied journalism at The University of Melbourne and has a passion for performance cars, especially those of the 2000s. Away from the office you will either find him on the cricket field or at the MCG cheering on his beloved Melbourne Demons.
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