Electric vehicles (EVs) have been a staple on Australian roads for many years, and with the recent boom in new EV sales, the second-hand market is also thriving. If you're looking to get into an EV on a tighter budget, here are some of the best options available under $40,000, according to Drive. Personally, I think the MG 4 Essence 64 is a fantastic choice. It's a brand-new model, freshly updated for 2026, and available for $39,990 drive-away. The original MG 4 was already a great car, but the new version adds a much-needed interior upgrade, an LFP battery, and other quality-of-life changes to take it to the next level. What makes this particularly fascinating is that it's a small, practical, and great-to-drive car, and with the new updates, it's even better. In my opinion, the MG 4 Essence 64 is a steal at that price point. Another option is the Hyundai Ioniq 6. It might not be quite as punchy as the N model, but I've loved the look of the Ioniq 6 since it was first revealed. With a good range, relatively low kilometers, and rear-wheel drive, it's a great choice for those looking for a sedan. The price is $36,000 drive-away, and I quite like the black color. What many people don't realize is that EVs are not just for the rich and famous. With the right choices, you can find great deals on the second-hand market, and with the rising fuel prices and the war in the Middle East, now is the perfect time to make the switch. If you take a step back and think about it, EVs are the future of transportation, and with the right choices, you can be part of that future without breaking the bank. In my opinion, the MG 4 Essence 64 and the Hyundai Ioniq 6 are two of the best options available under $40,000. However, there are many other great choices out there, and with the right research, you can find the perfect EV for your needs and budget.
