Compare Electric Cars under $150,000

Imagine gliding through Sydney’s streets or driving along the coast in an electric vehicle. The usual engine hum is absent, replaced by silence. The air is cleaner, free from exhaust fumes. You may be contemplating the switch to an eco-friendly car that offers both performance and luxury.

In the first quarter of 2024, more than 25,000 electric vehicles were sold in Australia. This accounts for over 8% of all vehicle sales. It’s evident Australians are moving toward sustainable transportation. With so many options, selecting an electric car under $150,000 that meets your needs might seem daunting. This guide will assist you, showcasing leading models from top automotive brands.

Key Takeaways

• Australia’s electric vehicle market is expanding, with sales surpassing 25,000 in early 2024.
• There’s a diverse selection of electric SUVs, sedans, and luxury EVs under $150,000.
• Brands like Tesla and BYD are at the forefront of the electric vehicle market.
• Models such as the GWM Ora and MG ZS EV offer affordable entry points below $40,000.
• Government incentives and warranties enhance the value of these environmentally friendly vehicles.

Overview of Electric Vehicles in Australia

In the first quarter of 2024, Australia’s electric vehicle market soared, with sales topping 25,000. This spike, over 8% of total vehicle sales, highlights a growing commitment to EV adoption. It also underscores a shift towards sustainable driving, as consumers increasingly value environmental benefits.

Tesla and BYD are leading the market, seeing a 46% increase in sales over 2023. The Australian EV landscape now includes everything from luxury sedans to practical SUVs. This change is thanks to brands like BYD, GWM, and MG, which offer features that rival pricier competitors.

The market is becoming more accessible, thanks to models like the GWM Ora, starting at $35,990 drive-away. Then there’s the BYD Dolphin Dynamic, offered at $41,404.90 with a driving range of 340km. The MG4 Excite, priced at $39,990, provides a staggering 530km range. These figures reveal significant strides in making electric cars both advanced and affordable.

Warranty options have become a key consideration in Australia. GWM stands out by offering an 8-year unlimited kilometers warranty on batteries. They also provide a 7-year vehicle warranty. BYD offers an 8-year or 160,000km warranty for batteries, and a 6-year or 150,000km warranty for vehicles. MG matches this with a 7-year unlimited kilometer warranty for both vehicle and battery.

As sustainability becomes more important to consumers, the Australian electric vehicle scene is growing rapidly. These vehicles offer a blend of efficiency, range, and price advantage. This movement reflects Australia’s commitment to cutting carbon emissions through innovative and green transportation solutions.

The Importance of Electric Cars for Australia’s Future

The significance of electric vehicles (EVs) in shaping Australia’s future cannot be overstated. They bring both environmental and economic benefits. As the adoption of EVs increases, Australia moves towards a more sustainable transportation system.

Environmental Benefits

Electric vehicles are key to advancing climate action. They cut greenhouse gas emissions significantly. EVs emit no tailpipe pollution, leading to cleaner air and healthier cities. Their adoption supports Australia’s efforts to reduce its carbon footprint and meet global climate agreements.

Economic Advantages

Electric vehicles offer notable economic advantages. They decrease Australia’s need for imported fuels, enhancing energy security and saving fuel costs. The savings on maintenance and the potential for zero fuel costs with solar power highlight further benefits. For example, electric motoring costs can be as low as $1.17 per 100km with solar electricity.

Government Incentives

The Australian government has introduced incentives and subsidies to encourage electric vehicle adoption. These include tax rebates, EV purchase grants, and charging infrastructure investments. These initiatives make EVs more accessible and push the nation towards sustainable transportation quicker.

BMW i4: An Affordable Luxury Option

The BMW i4 marks a pivotal moment in the luxury electric vehicle segment. It combines stellar performance with lavishness. This review delves into the BMW i4, particularly appealing for those exploring the electric sports sedan arena. Featuring BMW eDrive technology, the i4 eDrive 35 and the i4 M50 xDrive cater to diverse driving tastes with notable specifications.

BMW i4 eDrive 35 Specifications

Targeting those who value practicality alongside luxury, without overlooking environmental impact, the i4 eDrive 35 starts at a price point accessible for luxury electric cars. It boasts an impressive specification list:

• Battery Capacity: 84kWh
• Range: 520km
• Fast Charging Capability: 200kW

The interior of the i4 eDrive 35 doesn’t disappoint, equipped with advanced technology and comfort-focused features. Highlights include:

1. Digital instrument cluster with customizable displays
2. Advanced driver-assistance systems
3. Premium audio system

BMW i4 M50 xDrive Features

The BMW i4 M50 xDrive appeals to electric sports sedan enthusiasts seeking thrilling drives. It represents the pinnacle of electric mobility excitement:

• Power Output: 400kW
• Acceleration: 0-100 km/h in 3.9 seconds
• AWD System: Advanced dual-motor setup

Exclusive to this variant, the M50 xDrive includes features that cater to driving purists. Among them are:

1. Sports seats with enhanced lateral support
2. M aerodynamics package
3. Adaptive M suspension

The BMW i4, with options like the balanced i4 eDrive 35 and the dynamic i4 M50 xDrive, stands out in the luxury electric car class. It boasts the BMW eDrive technology, ensuring a refined and captivating drive.

Mercedes-Benz EQE SUV: Balancing Luxury and Performance

The Mercedes-Benz EQE SUV is a perfect mix of luxury and state-of-the-art technology. It caters to discerning drivers by offering high-end electric vehicles. This advances design and performance in the electric luxury SUV market.

EQE300 vs EQE350 Comparison

The Mercedes-Benz EQE300 and EQE350 cater to luxury and performance needs differently. The EQE300 starts at around $80,000, offering affordability in high-end EVs. Conversely, the EQE350+ showcases a 279-mile range with its 90.6 kWh battery.

Both models use efficient motors for energy recuperation. By 2024, all EQE SUV models will feature powertrain enhancements and a new battery for longer ranges. Upgrades such as advanced brakes and 5G connectivity underline Mercedes-Benz’s tech innovation.

In-Cabin Technology

The EQE SUV’s interior combines technology with comfort. Features like six USB-C ports, a wireless charger, and a hands-free tailgate offer convenience. Its tech suite includes wireless Apple CarPlay, Android Auto, and augmented reality navigation.

The cabin is spacious, with a 520L boot capacity even when full. Backseats have storage and cupholders for comfort on long trips. A pre-climate function sets your ideal temperature before you enter.

Mercedes-Benz enhances the drive with three unique soundscapes, elevating the overall experience. These features establish the EQE SUV as a top pick in its segment.

Kia EV9: Family-Friendly Electric SUV

The Kia EV9 overview is crucial to grasp its impact on Australia’s car market. It’s one of the top EVs, offering ample space and cutting-edge tech. This makes it the go-to for families looking at electric family cars.

The segment of 7-seater electric vehicles is quickly becoming popular, with the Kia EV9 at the forefront. It has been named ‘Best Family Electric Vehicle under $100K’. This accolade underlines its adaptability and design, focusing on families. Its long range and superior performance are matched by its features, catering to the needs of drivers and passengers alike.

The Kia EV9 is noted for its mix of practicality, comfort, and green credentials. It’s a top choice for contemporary Australian families.

In the realm of practical EVs, the Kia EV9 is distinguished by its cost-efficiency, spatial generosity, and rich features. Below is a comparison table showing the Kia EV9 versus other electric vehicles:

The Kia EV9 embodies the ideal of electric family cars. It is spacious, efficient, and kind to the environment. With seven seats, it stands out among 7-seater electric vehicles. It’s perfect for families who value eco-friendly travel, without sacrificing space or comfort.

Genesis GV60: The New Age of Compact Luxury

The Genesis GV60 modernizes the compact luxury EV class, merging top-notch design with advanced electric tech. It stands out among electric vehicles, boasting features that set it above its rivals.

Aesthetic and Design

The Genesis GV60’s 21-inch deconstruction alloys enhance its exterior sophistication. Digital wing mirrors have garnered attention, adding to its advanced look. The car’s floating center console, encased in sleek metal and featuring a crystal gear selector, radiates luxury.

The interior of the Genesis GV60 aims for a spacious feel with its low-slung design and large windows. Ambient lighting and a glowing crystal gear selector highlight its contemporary, luxe vibe.

Genesis offers various interior color themes to customize your experience. The signature lighting and chrome accent stripe emphasize the GV60’s distinct style, setting it apart from traditional luxury vehicles.

Performance and Range

The Genesis GV60 redefines performance in the compact luxury EV market. Its electric drivetrain offers quick acceleration. The car’s drive range is suited for both urban and longer trips. The GV60’s platform, shared with the Hyundai Ioniq 5 and Kia EV6, ensures ample interior space despite a smaller exterior.

Beyond its stylish appearance, the Genesis GV60 boasts a powerful and efficient electric powertrain. It excels in luxury, performance, and innovative technology, making it a top pick for those seeking a superior compact luxury EV.

Ford Mustang Mach E: Redefining Classic Design

The Ford Mustang Mach E is revolutionizing the electric muscle car scene. It combines Mustang’s iconic legacy with today’s EV technology. This vehicle showcases Ford’s dedication to innovation, all while honouring its rich history.

The Mach E’s design pays tribute to the spirit of classic muscle cars, yet is equipped with modern EV tech. Features like an aggressive front, dynamic shapes, and signature tri-bar taillights capture the Mustang essence.

The Mach E offers extended-range choices, with rear or all-wheel drive options. Motors are permanent magnet types. Whether craving fast acceleration or strong torque, the Mach E meets diverse driving needs. It boasts an observed range of 350 miles under certain conditions, slightly lower than advertised but still substantial for daily use.

Ford’s production of its 150,000th Mustang Mach E marks its success. This milestone underscores the model’s widespread appeal and its strong position in the EV market.

Pushing boundaries for muscle cars, the Ford Mustang Mach E stands as an icon of redefined classic design.

The Mach E excels in charging capabilities too. Despite peak charging speeds at Electrify America stations being under the advertised rate, they support efficient long-distance travel. Charging costs per mile are competitive, aligning the Mach E with both eco-friendly and economical standards.

By blending electric innovation with muscle car traditions, the Mach E carves a unique niche. It ensures the Mustang legacy endures in an evolving electric landscape.

Compare Electric Cars under $150,000

The electric car market under $150,000 in Australia is notably competitive. EV sales soared by 46% in early 2023 compared to the previous year. This indicates a growing preference for electric vehicles among Australians.

There are currently 12 new electric vehicles available for under $60,000. Brands like BYD, MG, and GWM provide the most cost-effective options. They offer a diverse selection for potential buyers. The BYD Atto 3, as an example, is Australia’s most affordable new electric vehicle. It has a starting price of $38,890. Following closely are the MG 4 and GWM Ora, priced around $38,990 and $39,990, respectively.

In the affordable EV category, the MG ZS EV stands out as Australia’s least expensive small electric SUV at $40,990. The BYD Dolphin, priced at $48,011, comes with a six-year/150,000km vehicle warranty. It also offers an eight-year/160,000km battery warranty. This compares to the MG 4, which provides a seven-year unlimited kilometre warranty for both the vehicle and the battery. This makes it appealing for those focused on warranty coverage.

The array of options for electric cars under $150,000 is wide, catering to various preferences and budgets. Tesla and BYD lead in sales, showcasing their popularity and the market’s trust in them. With over 100,000 electric vehicles on Australian roads, the shift towards sustainable transport is expected to accelerate.

BMW iX: The Imposing Large Luxury SUV

The BMW iX epitomises innovation and luxury, making it a jewel among luxury electric SUVs. Featuring state-of-the-art tech, superb EV characteristics, and an admirable range, the BMW iX excels. It dominates thanks to these attributes.

Model Variants and Features

Prices begin at $130,900 for the xDrive 40 and reach $136,900 for the xDrive 40 Sport. Every model promises a lavish ride, supported by sophisticated EV features. They deliver formidable power, achieving 0-100km/h in a mere 6.1 seconds, thanks to 240kW of power and 600Nm of torque.

But the BMW iX isn’t just about speed. It ensures luxury inside with premium materials, vast driver assistance tech, and an advanced infotainment system. Every ride is a pleasure, merging comfort with connectivity.

Driving Range and Battery Specifications

The BMW iX’s driving range is exceptional, stretching from 420km to an impressive 620km,; choice and battery type influence this. To access the 620km variant, expect prices around $200,000.

This model’s longevity stems from advanced battery tech and efficient energy use. Its outstanding performance is reliable over time. Furthermore, a five-star ANCAP rating underscores its safety, making it a secure luxury electric SUV option.

To conclude, the BMW iX combines luxury, high performance, and innovative tech, setting it apart in the luxury electric SUV arena. It offers diverse ranges and robust battery specs, symbolising the pinnacle of electric vehicle development.

Lexus RZ450e: Comfort Meets Innovation

The Lexus RZ450e epitomizes the fusion of comfort and innovation in today’s luxury electric crossover market. Lexus’s dedication to crafting groundbreaking electric vehicles is evident. Their cars boast exceptional performance, sophisticated design, and unparalleled comfort.

The Lexus RZ450e features an impressive charging network. With access to over 520,000 EU public charging points via the Lexus Charging Network, journeys become stress-free and easy to power. This vast network highlights the crucial role that sturdy infrastructure plays in the success of electric vehicles.

The RZ450e’s battery life and efficiency stand out. Even after travelling 120,000 miles (193,000 km), electric cars can keep around 75% of their battery capacity. These cars are a wise choice for long-term use due to the advanced tech that supports their remarkable endurance.

“Lexus aims for a 100% take-back rate of batteries through its retailer networks, with over 90% already being recycled in Europe.”

Owning a luxury electric crossover like the Lexus RZ450e is more cost-effective than traditional cars. It features fewer moving parts, no exhaust systems, and a simplified cooling system, making maintenance easier and cheaper. Additionally, electric vehicles experience less wear on brakes, further lowering the cost over time.

Several Australian electricity providers offer tariffs designed to save money for EV owners. You can charge your vehicle during greener, more wallet-friendly periods. With the advancements in EV technology, range anxiety has become less of a concern. Owning an EV is now an even more attractive option.

Below is a table comparing key specifications of the Lexus RZ450e within its segment:

The Lexus RZ450e shines in the luxury electric crossover market, attributed to its innovative features and green initiatives. With state-of-the-art technology, an extensive charging network, and environmentally friendly solutions, it delivers a complete package that exceeds expectations.

Genesis Electrified GV70: Luxury Meets Technology

The Genesis Electrified GV70 merges luxurious design with state-of-the-art technology, setting itself apart as a leader in the electric SUV market. This mid-size SUV shines in the luxury electric vehicle segment, drawing attention from buyers who seek superior performance and revolutionary features.

Powertrain and Performance

The Genesis Electrified GV70 is equipped with a dual-motor all-wheel-drive system. It boasts an impressive 272kW and 700Nm of torque, offering swift acceleration and an exhilarating drive. The vehicle’s 87.2kWh lithium-ion battery ensures a driving range of over 500km, positioning it as a strong competitor in its class.

Additionally, the GV70 is compatible with 350kW ultra-fast charging, enabling a charge from 10 to 80 per cent in less than 25 minutes. This feature significantly reduces downtime on long trips.

Technological Advancements

The Genesis Electrified GV70 prioritises technological innovation. It features a 14.5-inch central touchscreen, 3D maps, and smartphone mirroring for constant connectivity and entertainment. An exceptional 21-speaker Lexicon sound system offers unmatched audio quality, making every journey enjoyable.

Rear passengers are treated to their own touchscreens on the front head restraints. These control climate settings, ambient lighting, sunshades, and media playback, ensuring comfort for everyone onboard.

The integration of solar panels into the GV70’s roof underscores Genesis’s dedication to sustainability. Opting for efficiency over a panoramic sunroof signifies a progressive mindset, aiming to enhance both the vehicle’s utility and its green credentials.

Genesis offers the Electrified GV70 in eight standard exterior colors, two matte finishes, and an exclusive Matira Blue metallic option. Such extensive customization options reflect the brand’s focus on combining aesthetics with technology, setting a new standard for luxury electric SUVs.

Factors to Consider When Choosing an Electric Vehicle

Selecting the perfect electric vehicle requires consideration of many key factors. This electric car buying guide aims to shed light on significant aspects for your consideration. We will explore essential elements such as battery life, range, performance, handling, and pricing. Making the right choice hinges on understanding these factors.

Battery Life and Range

Battery longevity and driving range are crucial in choosing an EV. Most Australians drive under 40 km per day, aligning well with the capabilities of electric vehicles. An EV’s range typically spans from 200 km to 400 km. This can shift depending on how you use the vehicle and the battery’s condition. Battery warranties, which can last up to 8 years and cover 150,000 km, alleviate worries about capacity degradation.

Consider these points about battery life and range:

• Daily commuting distances
• Public charging infrastructure availability at various facilities
• Wall chargers cost and installation fees
• DC fast-charging options and station wait times

Performance and Handling

Considering an electric car’s handling and performance involves looking at acceleration, braking, and vehicle dynamics. Thanks to electric motors, many EVs offer notable acceleration. The market currently lacks off-road-ready 4×4 EVs, which might affect your purchase if you’re into adventures on rough terrains. To get a feel for handling, test drives and user feedback are invaluable.

Price and Value for Money

The overall cost is crucial in any electric car buying guide. The Australian second-hand EV market is robust. From 2022 to 2023, around 100,000 EVs were sold in Australia, with half being less than 18 months old. Second-hand EVs are priced between $10,000 and $70,000, mostly ranging from $30,000 to $70,000. Popular models like Tesla Model 3, Hyundai Kona, and Kia Niro EV stand out for their value. Factor in battery warranties, usually good for the first seven to eight years or up to 160,000 km.

Here are extra tips for evaluating price and value:

1. Look into vehicle depreciation rates
2. Weigh the prices of new versus used EVs
3. Consult owner reviews and reliability studies

Armed with this information, you’re better prepared to make a well-informed decision when choosing an EV.

Finalists for 2024 Drive Car of the Year Best Luxury EV Under $150K

The 2024 Drive Car of the Year award for luxury electric vehicles under $150,000 is fiercely contested. The electric vehicle industry’s growth is well represented here. A number of impressive candidates are in the running. They’ve been rigorously assessed to pinpoint the top contender.

Evaluation Criteria

To select the Drive Car of the Year finalists, vehicles must satisfy key criteria. These are geared towards electric vehicles specifically. This includes:

• Performance and Range
• Luxury and Comfort
• Technology and Innovation
• Value for Money
• Overall Design

Finalist Breakdown

The finalists each bring distinct qualities, showcasing their superiority in luxury electric vehicle manufacturing. Key attributes include:

The 2024 Drive Car of the Year Best Luxury EV Under $150K finalists stand out for their contemporary tech, outstanding range, and luxury. Navigating through the highly tough selection highlights the leading-edge and luxury accessible in current luxury electric vehicles.

LDV Mifa 9: Electric People Mover

The LDV Mifa 9 marks a significant advancement in the electric people mover sector in Australia. It’s a spacious electric vehicle with a strong build, ideal for families and commercial use alike. With its seven seats spread across five doors, it effortlessly accommodates big groups or families. Its design focuses on comfort and utility.

In the realm of family EVs, the LDV Mifa 9 stands out with an exceptional autonomy of 430 km after a full charge. Its power comes from a permanent magnet and lithium battery. Recharging may take up to 37 hours and 30 minutes, showcasing its long-distance capability. A five-star ANCAP safety rating, earned in 2022, emphasizes its safety commitment.

The Mifa 9’s interior impresses with a boot volume of 446L with all seats up. When you fold down the second and first rows, space increases to 1702L and 2017L, respectively. This variation ensures you have enough room for different storage needs. Its dimensions, including a 5270mm length, 2000mm width, and 1840mm height, alongside a 3200mm wheelbase, highlight its generous design and utility.

Pricing for the LDV Mifa 9 begins at $106,000 before on-road costs for the standard model. The Executive and Luxe models are priced at $117,000 and $131,000, respectively. The Luxe version’s drive-away cost is about $143,000. This pricing strategy provides flexibility for buyers to choose a version within their budget.

Maintenance costs for the LDV Mifa 9 are competitive, totaling $730 over four years. This makes it a cost-effective option compared to other electric movers. It boasts advanced safety features, including autonomous emergency braking and lane-keeping assist. It also has speed sign recognition and adaptive cruise control, combining safety with innovation.

Ultimately, the LDV Mifa 9 emerges as a dependable and spacious electric vehicle. It is perfectly suited for the needs of large families and commercial transport. With its notable range, comprehensive safety measures, and practical design, it stands as a formidable choice in Australia’s electric people mover market.

Mercedes-Benz EQE 300: The Premium Sedan Alternative

The Mercedes-Benz EQE 300 is a standout in the premium electric sedan market, blending elegance with efficiency. It caters to those who prioritize luxury and environmental sustainability. This examination focuses on its driving range, efficiency, and superior interior quality. It demonstrates why it’s a top choice among electric vehicles.

Driving Range and Efficiency

The Mercedes-Benz EQE 300 impresses with its driving range, thanks to advanced battery technology. It ensures you’re not constantly searching for charging stations. Its energy consumption is efficient, making it competitive among premium electric sedans. The vehicle offers diverse charging options, including wireless charging and USB-C ports.

Interior Quality and Comfort

Upon entering the Mercedes-Benz EQE 300, the high-quality interiors are immediately noticeable. It features a deep middle console, a large centre console with removable cupholders, and an open shelf. These aspects provide ample storage for your needs. The 40/20/40 split seat configuration in the back adds flexibility for passengers and cargo.

The EQE 300’s technology enhances the driving experience. It includes an augmented reality satellite navigation system, a customizable digital dashboard, and ambient lighting. A pre-climate feature cools the car when unlocked, based on preset temperatures. This adds a level of convenience and comfort.

In comparison to its competitors, the Mercedes-Benz EQE 300 stands out for its luxurious interiors and practical features. It offers a boot capacity of 520 litres, even with all seats used, and has 6 USB-C ports in the front row. This review underscores its position as a leading choice for efficient electric cars.

Conclusion: Finding Your Ideal Electric Vehicle Under $150,000

In Australia, the electric vehicle (EV) market is flourishing, with numbers soaring from 1,523 in 2019 to 33,410 units. This leap marks a growth of more than 2,000% in five years. It highlights the rising popularity and practicality of sustainable driving choices. If you’re eyeing a luxury electric vehicle or a budget-friendly option, you’ll find a wide variety within the $150,000 range.

Luxury brands such as BMW, Mercedes-Benz, and Genesis offer models that blend performance, cutting-edge technology, and comfort. Meanwhile, Kia, Ford, and Lexus cater to family-friendly and more affordable needs. Picking an EV involves considering aspects like battery longevity, range, in-cabin tech, and government rebates. Additionally, the pre-owned EV market offers diverse choices, with prices depending on mileage, features, and production year.

Beyond the financial aspect, opting for an electric vehicle means supporting a more sustainable future. EVs offer advantages like regenerating braking energy and reducing rolling resistance with eco-friendly tires. They also have a lesser environmental impact than traditional combustion engines. With both veteran and emerging brands enhancing their EV line-ups, finding the perfect electric car is now both straightforward and fulfilling. By choosing an EV, you align with both your lifestyle needs and ecological principles.