MG will cut prices on its MG4 hatchback and MG5 estate by £1,500 for private buyers. The move comes as the UK Government delays announcing whether Chinese carmakers qualify for its new EV Grant program.
The EV Grant provides up to £3,750 off new electric vehicles costing less than £37,000. But manufacturers must meet specific requirements – including clean power grids where vehicles and batteries are produced.
Companies also need membership in the Science Based Targets Initiative for carbon emissions reduction.
Neither MG nor parent company SAIC currently meet these criteria.
The discount drops the standard MG4’s price to £25,495. The high-performance 429bhp MG4 Xpower now costs £34,995. The MG5 estate is priced at £26,995.
Guy Pigounakis, MG UK commercial director, said the company remains committed to affordable electric mobility.
“MG has been a key contributor to the EV sector, consistently recognising the economic and environmental benefits of introducing a wide range of affordable, electric-only models.”
He added that MG will work with the government to increase EV sales.
Since launching in 2022, the MG4 has won nine awards including Car of the Year and Bargain of the Year. The MG5 has earned recognition as Best-Value EV and Best Used Electric Estate Car.
Industry Response
Other Chinese-owned manufacturers are making similar moves ahead of government decisions. Leapmotor offers £3,750 off its C10 SUV and T03 city car. GWM cut its Ora hatchback price by the same amount.
The coordinated pricing strategy suggests Chinese brands are positioning themselves competitively while uncertainty remains around grant eligibility.
All affected manufacturers face questions about meeting the government’s environmental production standards – criteria that could reshape the UK’s electric vehicle market landscape.
