Top 5 Best Used Electric Cars Under $40,000 in Australia | Expert Picks & Reviews (2026)

Electric vehicles are a hot topic in Australia right now, and with rising fuel prices and a war in the Middle East, more and more people are looking to get into the market. But with so many options available, it can be tricky to know where to start. In this article, I'll be taking a look at some of the best electric cars under $40,000 in Australia, according to Drive.com.au.

The Best Electric Cars Under $40,000

1. MG 4 Essence 64

The MG 4 Essence 64 is a brand-new model, available for $39,990 drive-away. It's a great option for those looking for a small, practical car with a focus on quality of life improvements. The new version adds an LFP battery and an interior upgrade, making it a more refined and efficient vehicle.

2. Hyundai Venue

The Hyundai Venue is a 1.6L SUV FWD, available for as little as $20,990. It's a great option for those looking for a budget-friendly EV, with a range of features and a competitive price point.

3. Hyundai Tucson

The Hyundai Tucson is a 2.0L SUV FWD, available for $28,988 drive-away. It's a more premium option, but still within the $40,000 budget. The Tucson is a great choice for those looking for a larger vehicle with a focus on practicality and efficiency.

4. BYD Atto 1

The BYD Atto 1 is a great option for those looking for an affordable and usable electric car. With a WLTP-certified driving range of up to 311km, it's perfect for around-town driving. The Atto 1 Premium model, with a few thousand kilometres on the clock, can be had for less than the recommended retail price, making it a more justifiable second car.

5. Mini Cooper SE

The Mini Cooper SE is a unique electric car that stands out for all the right reasons. It's a great option for those looking for a fun and entertaining driving experience, with a zippy electric powertrain that's a perfect match for the Cooper's diminutive exterior dimensions. While its real-world range of around 200km may not be impressive by today's standards, it's more than enough for suburban environments.

6. Hyundai Ioniq 6

The Hyundai Ioniq 6 is a great option for those looking for a hatchback or sedan. With a good range, relatively low kilometres, and rear-wheel drive, it's a well-rounded choice. The Ioniq 6 has a sleek and modern design, and with a price tag of $36,000 drive-away, it's a competitive option within the budget.

Conclusion

These are just a few of the best electric cars under $40,000 in Australia, according to Drive.com.au. With a range of options available, there's something for everyone, whether you're looking for a budget-friendly EV or a more premium choice. As the market continues to grow, it's an exciting time to be considering an electric vehicle.

What's your favorite electric car under $40,000? Let us know in the comments!

Top 5 Best Used Electric Cars Under $40,000 in Australia | Expert Picks & Reviews (2026)

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