Geely EX2 vs Aion UT vs MG4 Urban: Australia's Sub-$35K EVs Compared

You can buy a brand-new electric car in Australia for under $35,000. That sentence would have been fiction three years ago. In mid-2026, three genuine options sit in this price band: the Geely EX2, the GAC Aion UT and the MG4 Urban. All three are Chinese-manufactured, all three use lithium iron phosphate batteries, and all three undercut every European or Korean EV by at least $25,000.

Picking between them is harder than it looks. The Geely EX2 starts cheapest. The Aion UT delivers the most range. The MG4 Urban has the longest available warranty. None of them is a clear winner across the board, which is exactly why this comparison exists. EV sales hit 157,000 in Australia in 2025, reaching 13.1% market share (Electric Vehicle Council, January 2026). Budget models like these three are the cars pulling first-time EV buyers into the market.

Below we compare the variants that actually compete head-to-head: the Geely EX2 Inspire ($30,990 before ORC), GAC Aion UT Premium ($30,990 drive-away introductory pricing) and MG4 Urban Essence 54 ($34,990 drive-away). All prices are as of July 2026.

Geely EX2 vs Aion UT vs MG4 Urban: Specs Compared

	Geely EX2 Inspire	GAC Aion UT Premium	MG4 Urban Essence 54
Price	$30,990 before ORC	$30,990 d/a (intro)	$34,990 d/a
Battery	47.1 kWh LFP	60 kWh LFP	54 kWh LFP
WLTP range	345 km	430 km	405 km
Motor	85 kW / 150 Nm	150 kW / 210 Nm	118 kW
Drivetrain	RWD	FWD	FWD
DC fast charge	80 kW	87 kW	Not disclosed
0-100 km/h	Not disclosed	7.3 s	Not disclosed
Boot space	375 L (+70 L frunk)	321 L	Not disclosed
Length	4,135 mm	4,270 mm	~4,400 mm
Warranty	TBC (likely 7 yr)	8 yr / unlimited	7 yr (up to 10 yr)
ANCAP rating	None	None	None

The Aion UT is the standout on paper. It packs the biggest battery, the most powerful motor and the longest range. The EX2 counters with a lower entry price and a frunk. The MG4 Urban is the largest car of the three and the only one with a confirmed towing capacity (500 kg braked).

Price and Value: Which Budget EV Gives You More?

Price is where this comparison gets interesting. The Geely EX2 Inspire and GAC Aion UT Premium both list at $30,990, but the Aion UT figure is drive-away while the EX2 is before on-road costs. Add $2,000 to $4,000 in registration, stamp duty and delivery charges, and the EX2 Inspire actually costs $33,000 to $35,000 on the road. That puts it level with the MG4 Urban Essence 54 at $34,990 drive-away.

If absolute cheapest matters, the Geely EX2 Complete at $26,490 before ORC is the entry point. But its 252 km WLTP range and 60 kW motor make it a city-only car. Buyers who need to leave the suburbs should start with the Inspire or look at the Aion UT.

One detail worth knowing: the Aion UT introductory drive-away price of $30,990 applies to the first 600 customers and includes a bundled 22 kW wall charger (worth roughly $1,500 to $2,000). That charger inclusion effectively drops the real cost below $29,000 for early buyers. The Geely EX2 pre-order offer also bundles a free charger and premium paint, though the charger specification has not been confirmed.

All three qualify for the FBT exemption on novated leases, since they sit well under the $91,661 threshold for 2026-27 (ATO). On a novated lease at an $80,000 salary, a $31,000 EV saves roughly $5,000 to $7,000 per year in tax compared to buying outright. Check our novated lease guide for the full breakdown.

Range and Battery: How Far Can You Actually Drive?

The WLTP range figures look generous. Real-world driving at highway speeds (110 km/h with air conditioning) typically returns 75% to 85% of the claimed number. Here is what that means:

	WLTP range	Estimated highway range
Geely EX2 Inspire	345 km	~260-295 km
GAC Aion UT Premium	430 km	~325-365 km
MG4 Urban Essence 54	405 km	~305-345 km

The Aion UT wins. Its 60 kWh battery is 28% larger than the EX2 Inspire’s 47.1 kWh pack and 11% larger than the MG4 Urban’s 54 kWh unit. For a Sydney-to-Canberra run (280 km), the Aion UT is the only one of the three that could make it without a charging stop in most conditions. The EX2 Inspire would need a top-up somewhere around Mittagong.

All three use LFP (lithium iron phosphate) chemistry. LFP packs handle heat better than NMC, tolerate being charged to 100% without degradation, and last longer in cycle life. For a car you intend to keep for 8 to 10 years, that is a genuine advantage.

Most Australians drive fewer than 40 km per day (ABS, 2020). Even the shortest-range option here, the EX2 Inspire, covers that with room to spare. The real question is whether you do the occasional long trip. If you drive Melbourne to the Mornington Peninsula and back for a weekend, 345 km is fine. If you drive Melbourne to Geelong and back daily (160 km round trip), any of these three will handle it without drama.

Charging Speed: DC Fast Charging Under $35K

DC fast charging is where budget EVs reveal their compromises. Premium EVs like the Hyundai IONIQ 5 accept 350 kW. These three accept a fraction of that.

The Geely EX2 Inspire peaks at 80 kW DC. The Aion UT Premium peaks at 87 kW. MG has not disclosed the MG4 Urban’s DC charging speed, which is a red flag; the previous-generation MG4 managed 135 kW, but the Urban is a different platform.

At 80 to 87 kW, a 10% to 80% charge takes roughly 30 to 40 minutes at a compatible public charger. That is acceptable for an occasional road trip stop but noticeably slower than a Hyundai or Tesla that can do it in 18 to 25 minutes.

For home charging, all three accept AC via a Type 2 connector. The Aion UT Premium has a confirmed 11 kW on-board charger, which will fully charge from empty in about 5.5 hours on a three-phase home charger or overnight on a standard 7 kW single-phase wallbox. Neither Geely nor MG have disclosed the AC charge rate for their AU-spec models. Budget Chinese EVs commonly ship with a 6.6 kW on-board charger, which would mean a full overnight charge on a 7 kW wallbox is still comfortable.

Motor Power and Driving Experience

The Aion UT’s 150 kW motor is almost double the EX2’s 85 kW output. That gap is obvious on the road. The Aion UT reaches 100 km/h in 7.3 seconds, which is quick enough to merge confidently onto a freeway. Neither Geely nor MG have published 0-100 times for their budget variants, which suggests the numbers are not their selling point.

The EX2 is rear-wheel drive. Both the Aion UT and MG4 Urban are front-wheel drive. RWD gives the EX2 a slight edge in driving feel, particularly in corners, but FWD is perfectly adequate for city and suburban driving.

One consideration: the MG4 Urban is the largest car here at roughly 4,400 mm long, compared to the EX2 at 4,135 mm. If you need something that feels like a proper hatch rather than a city runabout, the MG4 Urban has the most interior space. The EX2 compensates with a 70-litre frunk (front trunk) that neither competitor offers.

Warranty and After-Sales: Who Backs Their Car Best?

This is where the Aion UT has a structural advantage. GAC offers 8 years unlimited distance on the vehicle and 8 years or 200,000 km on the battery (CarExpert AU, 2026). For a car priced at $30,990, that is an exceptional commitment.

MG counters with 7 years unlimited kilometres as standard, which can be extended to 10 years or 250,000 km if you service at MG dealerships. That conditional extension is unusual in the market and worth keeping.

Geely has not confirmed Australian warranty terms for the EX2. Their existing EX5 carries a 7-year unlimited-kilometre warranty, so buyers should expect something similar. Confirm at the dealership before signing.

The bigger question is service networks. MG has the most established presence, with dealers across every state. GAC currently has 19 dealerships nationally and plans to reach 100 by 2030 (The Driven, 2026). Geely is newer still. If you live in regional Australia, parts availability and service access should weigh heavily in your decision.

Safety: None Have an ANCAP Rating Yet

This is the uncomfortable paragraph. None of these three cars have been tested by ANCAP as of July 2026. The previous-generation MG4 earned 4 stars from Euro NCAP in 2022, but the MG4 Urban is a new-generation platform, so that rating does not carry over.

All three include 7 airbags, autonomous emergency braking, lane-keep assist, and adaptive cruise control as standard. Those are the right boxes to tick. But without independent crash testing, buyers are relying on the manufacturer’s word. If a verified safety rating is non-negotiable for you, check ancap.com.au for updates before committing.

Gotchas Buyers Should Know

Real-world ownership throws up issues that spec sheets miss. From community discussions and early owner reports, here are the practical things to watch:

Geely EX2: The 0.68% comparison rate on finance deals sounds extraordinary, but it excludes a $1,495 broker fee that is not factored into the advertised rate. Ask for the total cost of finance in writing. The 9.9-metre turning circle is large for a car this size, and the EX2 has zero towing capacity.

GAC Aion UT: Early reviews flag buggy infotainment software and an overly minimalist interior with almost no physical buttons (The Driven, April 2026). The Premium variant only gets an 11 kW AC charger; the Luxury bumps to 22 kW but costs $35,990. Factory tyres have been criticised as mediocre.

MG4 Urban: Speed sign recognition alerts are intrusive and reset every trip. The charging speeds (both AC and DC) have not been disclosed for the Australian market, which makes it hard to plan around. Ground clearance is 130 mm, lower than either competitor, so steep driveways could be a problem.

Which Budget EV Should You Buy?

Buy the Geely EX2 if you want the lowest possible sticker price, drive mostly around the city, and are comfortable with a brand that is still establishing itself in Australia. The frunk is a practical bonus no competitor matches at this price. Just confirm the warranty and AC charger spec before signing.

Buy the GAC Aion UT if range and power matter to you. The 430 km WLTP range and 150 kW motor put it in a different league from the other two on performance alone. The 8-year unlimited warranty is the strongest here. Accept that the dealer network is thin and the infotainment needs refinement.

Buy the MG4 Urban if you want the most established brand, the longest available warranty (up to 10 years), and the most car for your money in terms of physical size. It is the only one with a towing rating (500 kg), which matters if you pull a small trailer or bike rack.

For more options above this price range, see our cheapest electric cars in Australia roundup or browse the full electric vehicles comparison page. If you are buying through salary sacrifice, our best EVs for novated lease guide breaks down the tax savings model by model.

Frequently Asked Questions

Which is the cheapest EV you can buy in Australia in 2026?

The Geely EX2 Complete starts at $26,490 before on-road costs, making it the second cheapest EV in Australia behind the BYD Atto 1 Essential at around $23,990 drive-away. The EX2 Complete has a 252 km WLTP range from its 35.3 kWh LFP battery. For buyers who need more range, the Inspire variant costs $30,990 before on-road costs and delivers 345 km.

Does the GAC Aion UT have the best range of any budget EV in Australia?

Among EVs priced under $35,000, yes. The Aion UT Premium delivers 430 km WLTP range from a 60 kWh LFP battery, which is more than both the Geely EX2 Inspire at 345 km and the MG4 Urban Essence 54 at 405 km. Real-world highway range at 110 km/h with air conditioning running will be closer to 320 to 365 km across all three.

Do the Geely EX2, Aion UT and MG4 Urban qualify for the FBT exemption?

Yes. All three are battery electric vehicles priced well under the $91,661 FBT exemption threshold for 2026 to 2027. This means employees on novated leases pay no fringe benefits tax on these cars, saving thousands per year in tax. PHEVs lost this exemption from April 2025, giving budget BEVs a clear advantage.

Which budget EV under $35,000 has the best warranty in Australia?

The GAC Aion UT leads with an 8-year unlimited-distance vehicle warranty and 8-year 200,000 km battery warranty. MG offers 7 years unlimited kilometres on the MG4 Urban, extendable to 10 years with dealer servicing. Geely’s Australian warranty for the EX2 has not been confirmed yet but is expected to be 7 years based on their existing EX5 terms.

Are any of these budget EVs ANCAP safety rated?

None of the three have an ANCAP safety rating as of July 2026. The original MG4 received 4 stars from Euro NCAP in 2022, but the MG4 Urban is built on a different platform. All three come with 7 airbags, autonomous emergency braking and lane-keep assist as standard. Buyers who prioritise a verified safety rating should check ancap.com.au for updates before purchasing.