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Guides › Cheapest electric cars to own in Australia (2026)Rankings · Updated November 2026

Cheapest electric cars to own in Australia (2026)

Quick answer

Over 5 years, the cheapest electric car to own in Australia is the BYD Atto 1 Essential at about $29,146, followed by the BYD Dolphin ($38,141) and the Leapmotor B03X ($38,462). That counts the price with on-road costs, a home charger, charging, servicing and tyres, driving 250 km a week in NSW.

The 15 cheapest EVs to own

Each car's lowest-cost version, ranked by total cost over 5 years. 250 km a week in NSW, 90% of charging at home on the 2026–27 default rate.

#CarOn the road*Running / yr5-year costPer week, all in
1BYDAtto 1 Essential$19,990$1,431$29,146$112
2BYDDolphin Essential$28,888$1,451$38,141$147
3LeapmotorB03X Style$29,990$1,294$38,462$148
4GeelyEX2 Complete$30,490$1,407$39,523$152
5MGMG4 Urban 43$31,990$1,697$42,474$163
6GWMOra 5 Lux$33,990$1,477$43,376$167
7HyundaiInster Standard Range$35,990$1,301$44,497$171
8GACAion UT Premium$35,990$1,434$45,160$174
9JaecooJ5 EV Track$36,990$1,259$45,284$174
10GWMOra Lux$35,990$1,474$45,361$174
11HondaSuper-ONE $36,900$1,318$45,492$175
12BYDAtto 2 Dynamic$35,990$1,546$45,721$176
13CheryE5 Ultimate$37,990$1,317$46,576$179
14ForthingTaikon 5 Luxury$38,990$1,489$48,434$186
15LeapmotorB05 Style$39,888$1,439$49,082$189
What do "on the road" and "cost to own" mean?

Before on-road costs (+ on-roads): the car's list price only. You pay extra government charges and dealer fees on top when you buy.

On-road costs: stamp duty, first year's registration, compulsory third party (CTP) insurance, number plates and the dealer's delivery fee. They usually add $3,000–6,000 depending on the car and your state. Where a price is "before on-roads" we add about $4,000. See stamp duty and rego by state.

Drive-away: a price that already includes the on-road costs, so it's what you actually pay to drive the car home.

On the road price: the drive-away price, or the list price plus our on-road estimate.

Cost to own: everything you'd spend over the years you keep the car (5 unless you change it): the on the road price, plus a home wall charger for EVs (about $2,000, one-off), plus charging or fuel, scheduled servicing and tyres for every year. Divide it by the number of weeks to see what the car really costs you each week.

Match score (Pick my car): this is about fit, not quality. Each car that fits your answers is compared only with the other cars that fit, on eight things, and a car that does something less well than the others in that group scores lower on it, even if it's good at it. Change your budget or answers and the group changes, so the scores do too. The eight things: how much car the money buys (price, 20%), ANCAP safety rating (15%: a current rating counts in full, an expired one less, and a car ANCAP hasn't rated counts as middling), range (15%), performance (0–100 km/h, or power where no time is published, 10%), fast-charging speed (peak DC kW, 10%), warranty length (10%, with the battery warranty counted for cars that plug in), servicing and tyre costs (15%), and recalls and track record (5%: major recalls in Australia on our list count against a car (our recall list covers the bigger, well-reported ones, so a clean record here is not a guarantee), and models sold here for longer get a little credit). A figure we don't have counts as middling, not as bad. "Most car for my budget" ranks by this match score; "Lowest cost to own" ranks by cost and uses the score only to split near-ties.

Not included: yearly rego renewals and insurance after the first year (see what EVs and hybrids cost to insure), finance interest, and what the car is worth when you sell it. These vary too much by person and car to estimate fairly, and resale value is the biggest unknown, especially for newer brands.

Re-rank with your own state and driving

Cheapest by body type

Cheapest to run week to week

If you only care about running costs, these use the least electricity. Small, efficient cars win here, but a low running cost doesn't always make up for a higher price.

How hybrids and plug-ins compare

The cheapest hybrid to own is the MG3 Hybrid+ Excite at $36,759, and the cheapest plug-in hybrid is the BYD Atto 2 DM-i Essential at $37,590. 1 of the 127 EVs we track costs less to own than that hybrid. See EV vs hybrid vs plug-in hybrid for the full comparison.

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Common questions

What is the cheapest EV to own in Australia?

On our numbers it's the BYD Atto 1 Essential, at about $29,146 over 5 years including the price, on-road costs, a home charger, charging, servicing and tyres (250 km a week in NSW).

What is the cheapest EV to buy in Australia?

The lowest on-the-road price among the cars we track is the BYD Atto 1 Essential, at about $19,990 including estimated on-road costs (November 2026).

Is the cheapest EV to buy also the cheapest to own?

Usually, because the purchase price is by far the biggest cost over five years. Charging, servicing and tyres can change the order between cars that are close in price.

Does this include insurance and resale value?

No. Insurance, registration and resale value vary too much by person and car to estimate fairly. Resale is the biggest unknown, especially for newer brands.

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How we work it out, and our sources

Weekly cost = the car's energy use × 250 km × your electricity or fuel price, with 90% of charging at home. Prices are list prices at November 2026; check with the dealer.

  • Electricity: 2026–27 default rates (AER, Victorian Default Offer, state retailers). Public charging: Sydney network prices, July 2026.
  • Petrol and diesel: capital-city daily averages from state government price feeds, via FuelRadar, 12 November 2026. Diesel for Hobart, Canberra and Darwin is estimated from the national fall.
  • Cars: maker figures via CarExpert, Drive, CarsGuide and EV Central. Plug-in electric range is taken as 80% of the claim.
  • Servicing: published capped prices; marked as an estimate where not yet published (CarExpert comparison).
  • Tyres: an EV set lasts about 35,000 km, a petrol or hybrid set 50,000 km (RACV); prices from Gridly.
  • Home charger: about $2,000 installed ($1,000–$3,000). Novated leases: PwC summary.

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