Thinking about making the switch to an electric vehicle (EV) but worried about the price tag? You’re not alone. For many Australians, the cost of electricity has been a significant roadblock. 

But 2025 is shaping up to be a game-changer, with a growing list of EVs priced under $50,000 – and some are even cheaper than you might expect! 

Whether you’re looking to save on fuel, reduce your carbon footprint, or simply want to try out the latest automotive tech, there’s never been a better time to consider an EV. 

Let’s take a deep dive into every electric car under $50K available in Australia in 2025, plus what you need to know before you buy.

Why Are Electric Cars Getting Cheaper?

A few years ago, electric cars were seen as a luxury for the well-heeled or the tech-obsessed. But as battery technology improves, manufacturing scales up, and more brands enter the market, prices finally drop. 

In fact, EV sales in Australia hit record highs in 2024, with over 91,000 new electric vehicles finding homes – a 4.7% jump from the previous year.

Government incentives, increased competition (especially from Chinese brands), and a growing second-hand market are all helping to make EVs more accessible. And with high petrol prices, the appeal of plugging in at home is stronger than ever.

What to Consider Before Buying an Affordable EV

Before we get to the list, here are a few things to keep in mind:

• On-road costs: The prices listed are manufacturer’s recommended retail prices (RRP) and don’t include on-road costs like registration, stamp duty, and dealer delivery.
• Range: Not all EVs are created equal when it comes to how far they’ll go on a single charge. Make sure the range suits your lifestyle.
• Charging: Do you have access to home charging? What’s the public charging network like in your area?
• Warranty and support: Some new brands are offering impressive warranties to win over Aussie buyers⁠—worth considering for peace of mind.

Now, let’s get to the main event!

The Best Electric Cars Under $50K in Australia for 2025

1. BYD: The Disruptor

BYD Dolphin  

Price: From $29,990 (Essential) 
Range: Up to 410km (Essential), 490km (Premium) 
Why it’s hot: Currently the cheapest EV in Australia, the Dolphin is a compact hatch that’s perfect for city driving and tight parking spots. The Premium variant adds more range and features for $36,990.

BYD Atto 3  

Price: From $39,990 (Essential), $44,990 (Premium) 
Range: 410km (Essential), 480km (Premium) 
Why it’s hot: A small SUV with plenty of space and a modern interior. It’s been a hit with Aussie families.

BYD Seal  

Price: From $46,990 (Dynamic) 
Range: 510km (Dynamic) 
Why it’s hot: A stylish sedan with impressive range and features, giving Tesla a run for its money.

2. GWM: The Value Leader

GWM Ora  

Price: From $35,990 (Standard Range), $40,990 (Extended Range), $46,990 (GT) 
Range: Up to 420km 
Why it’s hot: Cute, quirky, and affordable, the Ora hatch is a great entry point for EV newbies. Discounts of up to $4000 are available until June 30, 2025.

3. MG: The Familiar Face

MG 4  

Price: From $37,990 (Excite 51), $44,900 (Essence 64) 
Range: 405km (Excite 51), 505km (Essence 64) 
Why it’s hot: MG’s reputation for value continues with the MG 4, a practical hatch with a long range and a growing fan base.

MG S5 (Coming Soon)  

Price: TBA, but expected under $50K 
Range: Up to 515km (NEDC) 
Why it’s hot: The successor to the popular ZS EV, the S5 is set to shake up the small SUV segment.

4. Chery: The Newcomer

Chery Omoda E5  

Price: From $40,527 drive-away (BX, with discount), $43,653 (EX, with discount) 
Range: 430km 
Why it’s hot: Chery is offering big discounts for early buyers, and the Omoda E5 comes loaded with features like a 360-degree camera and heated seats.

5. Geely: The Up-and-Comer

Geely EX5  

Price: From $40,990 (Complete), $44,990 (Inspire) 
Range: 420km 
Why it’s hot: Geely is making a splash with a sharp price, a seven-year warranty, and a roomy interior.

6. Leapmotor: The Fresh Face

Leapmotor C10  

Price: $45,888 (Style), $49,888 (Design) 
Range: 420km 
Why it’s hot: New to Australia, Leapmotor’s C10 SUV offers a big battery and plenty of tech for the price.

7. Kia: The Trusted Name

Kia EV3  

Price: From $47,600 (Air Standard Range) 
Range: 436km 
Why it’s hot: Kia’s first affordable electric SUV for Australia, with the brand’s usual focus on comfort and reliability.

8. Jeep: The Adventurer

Jeep Avenger  

Price: $49,990 (Longitude) 
Range: 396km 
Why it’s hot: Jeep’s first electric SUV in Australia, with rugged looks and a practical size for city or country.

What About Charging and Running Costs?

One of the biggest perks of EV ownership is the potential to save on running costs. Charging at home is much cheaper than filling up at the bowser, and EVs have fewer moving parts, meaning less maintenance. 

However, public charging infrastructure is still catching up in some areas, so it’s worth checking what’s available near you.

Many new EVs also come with generous warranties⁠—some up to seven years for the car and eight years for the battery—giving you extra peace of mind.

Are There Any Government Incentives?

Depending on your state or territory, you may be eligible for rebates, stamp duty exemptions, or discounted registration for your new EV. These incentives can change quickly, so check your local government’s website for the latest offers.

The Bottom Line

With more affordable options than ever, 2025 could be the year you finally make the switch to electric. Whether you’re after a zippy city hatch, a family-friendly SUV, or something in between, there’s an EV under $50K with your name on it.

Have you made the switch to electric, or are you considering it? What’s holding you back – or what convinced you to take the plunge? Share your thoughts and experiences in the comments below. Your insights could help other YourLifeChoices readers make the right choice for their next car!

Also read: First glimpse: Check out the plan set to massively increase electric vehicle ownership in Australia