Electric vehicles coming to Australia in 2024

By Rhianna Dews · · 5 min read
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Considering switching to an electric vehicle in 2024? In Australia, we’re seeing an increasing number of electric and hybrid cars on the roads. So if you thought that Tesla was your only option, think again. 

Despite being a major pioneer in the electric vehicle industry, Tesla is no longer the only competitive option in the Australian EV market. In fact, a whole new wave of electric car models is set to hit Aussie shores in 2024.

Let’s take a look at how you can potentially finance your new electric vehicle in 2024, plus some of the new models dropping this year.

Buying an electric car in Australia in 2024

From price to finance options, here are some of the things to consider when purchasing an electric car in Australia in 2024:

Typical costs of electric cars:

In 2024, electric cars in Australia can cost anywhere between $40,000 and $100,000 or more. The cost can greatly vary though, depending on the brand, model, features, and battery capacity. 

While some electric cars can be quite expensive, they typically have a much lower running cost than that of a petrol or diesel car.

How to buy an EV:

If you’re looking to buy an EV but can’t afford to pay upfront, you might consider taking out a car loan to cover the cost. 

There are many different electric car loan options – one being a green car loan. Some lenders even offer lower interest rates on their green car loans than what they offer on other car loans.

You can compare green car loans below:

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Car loan comparisons on Mozo

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can search our database of 91 car loans.
Last updated 24 November 2024 Important disclosures and comparison rate warning*
  • New Car Loan

    Fixed, Secured, $5,000-$100,000

    Interest rate
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    6.57% p.a.to 18.99% p.a.
    7.19% p.a.to 21.78% p.a.based on $30,000
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    Get a competitive fixed interest rate on a secured new car loan of up to $100,000 depending on your credit score. Easy online application. Fast pre-approval. Pre-approved funds held for up to 3 months. No monthly account keeping fees, no exit fees and no early repayment fees. Flexible weekly, fortnightly or monthly repayments on terms from 1 to 7 years.

    Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.57% would cost $35,528.12 including fees.

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    9.50% p.a.based on $30,000
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    Low fixed car loan rate for purchasing new and demo vehicles from dealers. There is no monthly or ongoing fees and early payout options available. Winner of Mozo's Experts Choice Car Loan 2021 award^. Good credit history. Stable employment history and Australian citizenship or PR required.

    Repayment terms from 3 years to 7 years. Representative example: a 5 year $30,000 loan at 8.39% would cost $37,714.40 including fees.

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  • Better Car Loan Special Offer

    Fixed, Secured

    Interest rate
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    Monthly repayment
    6.48% p.a.
    6.89% p.a.based on $30,000
    over 5 years

    Get a fixed rate car loan for amounts over $20,000 with Police Credit Union. Make additional repayments at any time without penalty. Free online redraw. Available for new and used cars. Can also be used for motorcycles, boats, caravans, trailers or any registrable vehicle.

    Repayment terms from 1 year to 5 years. Representative example: a 5 year $30,000 loan at 6.48% would cost $35,497.21 including fees.

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  • New Car Loan

    Fixed, Secured

    Interest rate
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    Monthly repayment
    7.29% p.a.to 16.99% p.a.
    8.00% p.a.to 17.77% p.a.based on $30,000
    over 5 years

    Competitive interest rates for vehicles up to 3 years old (new and demo). Maximum loan term of 7 years. No ongoing fees. Dealer/private sale acceptable. Pre-purchase approvals available.

    Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 7.29% would cost $36,387.95 including fees.

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Using a car loan to buy an electric car:

Like when buying any type of car, there are a few things to consider when taking out a car loan to buy an electric car. Such as:

  • Interest rates: Always shop around and compare car loan options to find a competitive deal with a low interest rate.
  • Loan terms: Car loan terms typically range from 1-7 years. Use our car loan repayment calculator to see what your regular repayments could look like with different loan term options to help you decide which might best align with your financial situation and budget.
  • Budget: Use our budget calculator to work out your monthly budget and determine how much you can afford to pay in car loan repayments alongside your other bills and expenses.

Electric vehicles coming to Australia in 2024

The NRMA recently compiled a list of some of the new electric car models that are expected to come to Australia in 2024. From Hyundai to BMW and everything in between, here’s a brief look at some of the new EVs you might have to choose from:

Please note: Vehicle information below is based on the NRMA report from the 10th of January 2024 and is subject to change.

New EVs coming to Australia in 2024

Electric Hatchbacks

Here are some of the electric hatchbacks you can expect to see in 2024:

Abarth 500e

Abarth 500e
Image credit: NRMA | Abarth 500e
  • Arrival: Late 2023
  • Battery (kWh): 42
  • Range (km, WLTP): 252
  • Power/Torque (kW/Nm): 113.7/235
  • Charge rate (kW AC/DC): 11/85
  • Price before on-roads: $58,900 (Turismo model) | $60,500 (Limited edition Scorpionissima model)

Mini Cooper E/SE

Mini Cooper E/SE
Image credit: NRMA | Mini Cooper E/SE
  • Arrival: Second Half 2024
  • Battery (kWh): 40.7 (Cooper E) | 54.2 (Cooper SE)
  • Range (km, WLTP): 305 (Cooper E) | 402 (Cooper SE)
  • Power/Torque (kW/Nm): 135/290 (Cooper E) | 160/330 (Cooper SE)
  • Charge rate (kW AC/DC): 11/75 (Cooper E) | 11/95 (Cooper SE)
  • Price before on-roads: TBC

Peugeot e-208

Peugeot e-208
Image credit: NRMA | Peugeot e-208
  • Arrival: 2024
  • Battery (kWh): 51
  • Range (km, WLTP): 400
  • Power/Torque (kW/Nm): 115/260
  • Charge rate (kW AC/DC): 11/100
  • Price before on-roads: TBC (estimated at approx. $55,000)

Volkswagen – VW ID.3

Volkswagen – VW ID.3
Image credit: NRMA | ​​Volkswagen – VW ID.3
  • Arrival: Late 2024 – maybe 2025
  • Battery (kWh): 77
  • Range (km, WLTP): 546
  • Power/Torque (kW/Nm): 150/310
  • Charge rate (kW AC/DC): 11/124
  • Price before on-roads: TBC (estimated at approx. under $60,000)

Electric Sedans

Take a look at some of the electric sedans expected to come out in 2024:

2024 Tesla Model 3 - RWD/Long Range

2024 Tesla Model 3 - RWD/Long Range
Image credit: NRMA | 2024 Tesla Model 3 - RWD/Long Range
  • Arrival: January 2024
  • Battery (kWh): 57.5 usable (RWD model) | 75 usable (Long Range model)
  • Range (km, WLTP): 513 (RWD) | 629 (Long Range)
  • Power/Torque (kW/Nm): 194/340 (RWD) | 340/493 (Long Range)
  • Charge rate (kW AC/DC): 11/170 (RWD) | 11/250 (Longe Range)
  • Price before on-roads: $61,900 (RWD) | $71,900 (Longe Range)

Hyundai IONIQ 6

Hyundai IONIQ 6
Image credit: NRMA | Hyundai IONIQ 6
  • Arrival: 2024
  • Battery (kWh): 53
  • Range (km, WLTP): 429
  • Power/Torque (kW/Nm): 111/350
  • Charge rate (kW AC/DC): 350/7
  • Price before on-roads: $65,000

Polestar 4

Polestar 4
Image credit: NRMA | Polestar 4
  • Arrival: Q3 2024
  • Battery (kWh): 102
  • Range (km, WLTP): 600 (Single Motor – preliminary figures) | 560* (Dual Motor – preliminary figures)
  • Power/Torque (kW/Nm): 200/343 (Polestar 4 Single Motor) | 400/686 (Polestar 4 Dual Motor)
  • Charge rate (kW AC/DC): 22/200
  • Price before on-roads: TBC

BMW iX2 eDrive20 & eDrive30

BMW iX2 eDrive20 & eDrive30
Image credit: NRMA | BMW iX2 eDrive20 & eDrive30
  • Arrival: Mid-2024 (eDrive20) | Q1 2024 (xDrive30)
  • Battery (kWh): 67
  • Range (km, WLTP): 477* (eDrive20 – provisional figures) | 449* (xDrive30 – provisional figures)
  • Power/Torque (kW/Nm): 150/247 (eDrive20) | 230/494 (xDrive30)
  • Charge rate (kW AC/DC): 22/130
  • Price before on-roads: $82,900 (eDrive20) | $85,700 (xDrive30)

Electric SUVs

Check out some of the new electric SUVs set to hit Aussie shores in 2024:

Kia EV9 – Air/Earth/GT-Line

Image credit: NRMA | Kia EV9 Air/Earth/GT-Line
Image credit: NRMA | Kia EV9 Air/Earth/GT-Line
  • Arrival: Q1 2024
  • Battery (kWh): 99.8
  • Range (km, WLTP): 443 (Air) | 512 (Earth) | 512 (GT-Line)
  • Power/Torque (kW/Nm): 160/350 (Air) | 283/700 (Earth & GT-Line)
  • Charge rate (kW AC/DC): 11/210
  • Price before on-roads: $97,000 (Air) | $106,500 (Earth) | $121,000 (GT-Line)

Polestar 3 – Long Range/Long Range Performance

Polestar 3 – Long Range & Long Range Performance
Image credit: NRMA | Polestar 3 – Long Range & Long Range Performance
  • Arrival: Q1 2024
  • Battery (kWh): 111
  • Range (km, WLTP): 610
  • Power/Torque (kW/Nm): 360/840 (Long Range) | 380/910 (Long Range Performance)
  • Charge rate (kW AC/DC): 11/250
  • Price before on-roads: $132,900 (Long Range) | $141,900 (Long Range Performance)

Škoda Enyaq 85 SUV & Coupe

Škoda Enyaq 85 SUV & Coupe
Image credit: NRMA | Škoda Enyaq 85 SUV & Coupe
  • Arrival: July 2024
  • Battery (kWh): 82
  • Range (km, WLTP): 547
  • Power/Torque (kW/Nm): 210/545 (Enyaq 85 RWD) | 250/679 (Enyaq RS 4WD)
  • Charge rate (kW AC/DC): 11/175
  • Price before on-roads: TBC

Audi Q8 50 e-tron

Image credit: NRMA | Audi Q8 50 e-tron
Audi Q8 50 e-tron
  • Arrival: First Half 2024
  • Battery (kWh): 71 (previous model specs)
  • Range (km, WLTP): TBC
  • Power/Torque (kW/Nm): 230/540 (previous model specs)
  • Charge rate (kW AC/DC): 11/120 (previous model specs)
  • Price before on-roads: TBC

Audi Q4 & Q4 Sportback e-tron

Audi Q4 & Q4 Sportback e-tron
Image credit: NRMA | Audi Q4 & Q4 Sportback e-tron
  • Arrival: Mid-2024
  • Battery (kWh): 82
  • Range (km, WLTP): 562 (Audi Q4 & Q4 Sportback e-tron 45) | TBC (Audi Q4 & Q4 Sportback e-tron 55 quattro)
  • Power/Torque (kW/Nm): 210/545 (Audi Q4 & Q4 Sportback e-tron 45) | 250/679 (Audi Q4 & Q4 Sportback e-tron 55 quattro)
  • Charge rate (kW AC/DC): 7.2/135 (Audi Q4 & Q4 Sportback e-tron 45) | 7.2/175 (Audi Q4 & Q4 Sportback e-tron 55 quattro)
  • Price before on-roads: $88,300 (Audi Q4 & Q4 Sportback e-tron 45) | $108,500-109,500 (Audi Q4 & Q4 Sportback e-tron 55 quattro)

Audi SQ8 & SQ8 Sportback e-tron

Audi SQ8 & SQ8 Sportback e-tron
Image credit: NRMA | Audi SQ8 & SQ8 Sportback e-tron
  • Arrival: Q2 2024
  • Battery (kWh): 114
  • Range (km, WLTP): Up to 471
  • Power/Torque (kW/Nm): 370/973
  • Charge rate (kW AC/DC): 7.2/170
  • Price before on-roads: $173,600-$180,600

Volvo EX30 – Single Motor Plus/Single Motor Ultra/Twin Performance Ultra

Volvo EX30 - Single Motor Plus/Single Motor Ultra/Twin Performance Ultra
Image credit: NRMA | Volvo EX30 - Single Motor Plus/Single Motor Ultra/Twin Performance Ultra
  • Arrival: Q1 2024
  • Battery (kWh): 69
  • Range (km, WLTP): 540
  • Power/Torque (kW/Nm): 200/343 (Single Motor Plus & Ultra) | 315/543 (Twin Performance Ultra)
  • Charge rate (kW AC/DC): 11/153
  • Price before on-roads: $59,990 (Single Motor Plus) | $64,990 (Single Motor Ultra) | $69,990 (Twin Performance Ultra)

Compare car loans:

Mozo may receive payment if you click products on our site. We don’t compare the entire market, but you can search our database of 91 car loans.
Last updated 24 November 2024 Important disclosures and comparison rate warning*
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    Get a competitive fixed interest rate on a secured used car loan of up to $100,000 depending on your credit score. No vehicle age limits. Easy online application. Fast pre-approval. Pre-approved funds held for up to 3 months. No monthly account keeping fees, no exit fees and no early repayment fees. Flexible weekly, fortnightly or monthly repayments on terms from 1 to 7 years.

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    Competitive interest rates for vehicles up to 20 years at beginning of loan term. Maximum loan term of 7 years. No ongoing fees. Dealer/private sale acceptable.

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    Get a competitive fixed interest rate on a secured new car loan of up to $100,000 depending on your credit score. Easy online application. Fast pre-approval. Pre-approved funds held for up to 3 months. No monthly account keeping fees, no exit fees and no early repayment fees. Flexible weekly, fortnightly or monthly repayments on terms from 1 to 7 years.

    Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.57% would cost $35,528.12 including fees.

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* WARNING: The Comparison Rate combines the lender's interest rate, fees and charges into a single rate to show the true cost of a personal loan. The comparison rates displayed are calculated based on a loan of $30,000 for a term of 5 years or a loan of $10,000 for a term of 3 years as indicated, based on monthly principal and interest repayments, on a secured basis for secured loans and an unsecured basis for unsecured loans. This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

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