New EV releases for Australian Market: Mazda and Fiat

By Paige Sutton · · 2 min read
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Woman charging electric car

Australians are becoming spoilt for choice with electric vehicles (EV), now with two new EVs that have just hit the market. 

Car manufacturers Mazda and Fiat have recently released their new electric and hybrid models, the Mazda CX-60 and the 500e from Fiat. 

These two new cars are quite different from each other, despite being electric - so let’s get into the specs.

Mazda CX-60 price and value?

Mazda CX-60 in autumn leaves
Source: Mazda Rockdale Gallery

What makes the Mazda CX-60 interesting is that it’s a plug-in hybrid electric vehicle (PHEV), and it’s a first for Mazda. It’s essentially an electric and fuel car combined, giving you the option to use battery or petrol as a power source as you drive. 

The Mazda CX-60 is an upmarket mid-size SUV, with prices starting at $60,400 going up to $88,100. In EV mode, it can travel up to 76 km at speeds of up to 100 km/h and is powered by a 355V, 17.8 kWh onboard battery. 

Fiat 500e price and value?

Fiat 500e driving on a street
Source: Fiat Australia Gallery

The 500e from Fiat is a self proclaimed Italian icon, and the specs don’t lie. While a bit smaller than the CX-60, it is powered by an impressive 42kWh battery pack. Oh, and how far can it travel by a single charge? Just a breezy 311 km range. 

The 500e from Fiat is an EV, not a PHEV, so there is no option for it to be powered by fuel. Prices start $52,500, not including on road costs.

Electric vehicle market in Australia

The arrival of these cars is in time with the expanding options of electric vehicles in Australia. Over 30 new or updated EVs are set to release over the next two years, according to automotive site WhichCar. 

With new models on the market and more to come, it seems Aussies will increasingly be asked to make the switch to electric. 

There’s no hiding the fact that EVs tend to be more expensive than fuel alternatives, but there is a silver lining in their future cost savings on fuel. 

If you are interested in alleviating some of the upfront costs of an EV using a car loan, check out some of our editor’s picks for best car loans - or compare car loan providers down below.

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Last updated 12 December 2024 Important disclosures and comparison rate warning*
  • Used Car Loan

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    Interest rate
    comparison rate
    Monthly repayment
    6.57% p.a.to 18.99% p.a.
    7.19% p.a.to 21.78% p.a.based on $30,000
    over 5 years

    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 1 month. 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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  • Used Car - Unsecured Personal Loan

    Interest rate
    comparison rate
    Monthly repayment
    6.56% p.a.to 21.99% p.a.
    6.56% p.a.to 22.79% p.a.based on $30,000
    over 5 years

    Competitive fixed rates for borrowers on 1-7 year loans from $5,000 up to $50,000. $0 monthly fees and no early repayment fees to pay. Fast application process on the Revolut app. According to Revolut and subject to loan approval, you'll receive your money into your Revolut account straight away. Eligibility criteria applies.

    Repayment terms from 1 year to 7 years. Representative example: a 5 year $30,000 loan at 6.56% would cost $35,768.68 including fees.

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  • New / Demo Car Loan

    Variable, Secured

    Interest rate
    comparison rate
    Monthly repayment
    6.24% p.a.
    7.36% p.a.based on $30,000
    over 5 years

    Low variable car loan rate for purchasing new and demo vehicles from dealers. Personalised loan amounts between $5,000 and $150,000. Flexible repayment options. Choose between the 3 to 7 year loan terms. 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 6.24% would cost $35,880.27 including fees.

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  • New Car Loan

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

    Interest rate
    comparison rate
    Monthly repayment
    6.57% p.a.to 18.99% p.a.
    7.19% p.a.to 21.78% p.a.based on $30,000
    over 5 years

    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 1 month. 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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  • Used Car Loan

    Up to 5 years old, Variable, Secured

    Interest rate
    comparison rate
    Monthly repayment
    7.39% p.a.
    8.50% p.a.based on $30,000
    over 5 years

    Used Car Loan with no monthly or ongoing fees, with a fixed rate for the life of the loan. Fast online application. 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 7.39% would cost $36,854.29 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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