EconomyModel Hub

Mg Mg5

177 hp all-electric. Compare true ownership costs across 50 countries — purchase price, import duties, insurance, fuel, and annual running costs.

2024

Base Price

$25K

USD MSRP

Cheapest Country

🇻🇪 Venezuela

$5K/yr

Most Expensive

🇸🇬 Singapore

$21K/yr

5-Year TCO (US)

$73K

Total cost of ownership

Countries Tracked

Full cost breakdown

Years Available

Model years tracked

⛽

Fuel Efficiency

~6L / 100km

At 15,000 km/yr, approx. 900 litres annually

📉

3-Year Depreciation

38% loss

Loses ~$9,500 from $25,000 base in 3 years

🔧

Annual Maintenance

$900

Typical for Economy segment in developed markets

🏷️

Segment

Economy

Competes in the Economy segment globally

About This Model

Economy Segment: Maximum Value, Minimum Running Cost

Economy models are engineered around a single principle: the lowest possible cost per kilometre. Fuel efficiency, low insurance group ratings, and affordable scheduled maintenance are prioritised over performance or luxury. In markets where fuel prices exceed $1.50/litre, the annual fuel saving versus a mid-range model can exceed $600 USD — a figure that compounds significantly over a five-year ownership period. Parts availability is typically excellent, and independent service centres can handle most maintenance tasks at rates 30–50% below authorised dealer pricing.

The Mg Mg5 is a Economy-segment vehicle with a base price of $25,000 USD. 177 hp all-electric. Across 50 countries, annual ownership costs range from $5K in Venezuela to $21K in Singapore — a 295% difference driven by import duties, fuel prices, insurance markets, and local taxation.

Annual Cost Snapshot (US)

Depreciation

$5,000

Insurance

$1,900

Fuel

$855

Maintenance

$1,221

Registration

$450

Total Annual$9,426

Full US Breakdown

Interactive Chart

Mg Mg5 — Annual Cost by Country

Includes insurance, fuel (15,000 km/yr), maintenance, depreciation, and taxes.

Depreciation Curve

How Fast Does the Mg5 Lose Value?

Starting at $25,000, the Mg Mg5 retains 51% of its value after 5 years — losing $12,250 in total.

Year 1

$20,000 (80%)

Year 2

$17,500 (70%)

Year 3

$15,500 (62%)

Year 4

$14,000 (56%)

Year 5

$12,750 (51%)

Market Value Over 5 Years

Cost Composition

What Makes Up the Annual Cost?

Annual ownership cost in the United States: $9,426. Depreciation is the largest single cost at 53% of total annual spend.

Depreciation

$5,00053%

Insurance

$1,90020%

Fuel

$8559%

Maintenance

$1,22113%

Registration

$4505%

Country Rankings

Where Is the Mg5 Cheapest & Most Expensive?

🏆5 Cheapest Countries to Own

#1🇻🇪

Venezuela

Purchase: $35K

$5K/yr

#2🇮🇷

Iran

Purchase: $52K

$5K/yr

#3🇧🇩

Bangladesh

Purchase: $72K

$6K/yr

#4🇳🇬

Nigeria

Purchase: $36K

$7K/yr

#5🇪🇬

Egypt

Purchase: $40K

$7K/yr

💸5 Most Expensive Countries to Own

#1🇸🇬

Singapore

Purchase: $38K

$21K/yr

#2🇭🇰

Hong Kong

Purchase: $54K

$17K/yr

#3🇩🇰

Denmark

Purchase: $78K

$12K/yr

#4🇬🇧

United Kingdom

Purchase: $32K

$12K/yr

#5🇮🇱

Israel

Purchase: $54K

$12K/yr

50 Countries

Mg Mg5 — Annual Cost by Country

Based on 2024 model. Includes insurance, fuel (15,000 km/yr), maintenance, depreciation, and taxes.

#	Country	Purchase Price	Import Duty	Insurance/yr	Fuel/yr	Annual Total	Details
1	🇻🇪Venezuela	$35K	20%	$100	$9	$5K	View
2	🇮🇷Iran	$52K	90%	$150	$45	$5K	View
3	🇧🇩Bangladesh	$72K	150%	$200	$720	$6K	View
4	🇳🇬Nigeria	$36K	35%	$550	$495	$7K	View
5	🇪🇬Egypt	$40K	40%	$450	$342	$7K	View
6	🇷🇺Russia	$35K	15%	$700	$558	$7K	View
7	🇺🇦Ukraine	$33K	10%	$500	$990	$7K	View
8	🇵🇪Peru	$32K	9%	$600	$855	$7K	View
9	🇶🇦Qatar	$26K	5%	$1K	$171	$7K	View
10	🇵🇰Pakistan	$44K	50%	$450	$1K	$7K	View
11	🇮🇳India	$64K	100%	$350	$945	$7K	View
12	🇬🇭Ghana	$35K	20%	$650	$1K	$7K	View
13	🇸🇦Saudi Arabia	$30K	5%	$1K	$216	$7K	View
14	🇮🇩Indonesia	$39K	40%	$650	$675	$8K	View
15	🇵🇭Philippines	$36K	30%	$750	$945	$8K	View
16	🇲🇾Malaysia	$34K	30%	$950	$468	$8K	View
17	🇰🇪Kenya	$36K	25%	$750	$1K	$8K	View
18	🇦🇪UAE	$28K	5%	$1K	$378	$8K	View
19	🇹🇭Thailand	$48K	80%	$850	$855	$8K	View
20	🇻🇳Vietnam	$47K	70%	$450	$810	$8K	View
21	🇨🇴Colombia	$40K	35%	$1K	$765	$8K	View
22	🇲🇽Mexico	$35K	20%	$1K	$720	$8K	View
23	🇦🇷Argentina	$41K	35%	$1K	$585	$8K	View
24	🇷🇴Romania	$33K	10%	$950	$1K	$8K	View
25	🇭🇺Hungary	$35K	10%	$1K	$1K	$8K	View
26	🇨🇱Chile	$32K	6%	$1K	$945	$8K	View
27	🇨🇿Czech Republic	$33K	10%	$1K	$1K	$9K	View
28	🇵🇱Poland	$34K	10%	$1K	$1K	$9K	View
29	🇨🇳China	$32K	15%	$1K	$990	$9K	View
30	🇿🇦South Africa	$36K	25%	$2K	$1K	$9K	View
31	🇰🇷South Korea	$30K	8%	$1K	$1K	$9K	View
32	🇺🇸United States	$26K	2.5%	$2K	$855	$9K	View
33	🇵🇹Portugal	$34K	10%	$1K	$2K	$10K	View
34	🇬🇷Greece	$34K	10%	$1K	$2K	$10K	View
35	🇪🇸Spain	$33K	10%	$2K	$2K	$10K	View
36	🇳🇿New Zealand	$30K	5%	$2K	$1K	$10K	View
37	🇹🇷Turkey	$54K	80%	$950	$2K	$10K	View
38	🇫🇷France	$33K	10%	$2K	$2K	$10K	View
39	🇫🇮Finland	$34K	10%	$2K	$2K	$10K	View
40	🇯🇵Japan	$28K	0%	$1K	$1K	$10K	View
41	🇦🇹Austria	$33K	10%	$2K	$2K	$10K	View
42	🇨🇦Canada	$28K	6.1%	$2K	$1K	$10K	View
43	🇸🇪Sweden	$34K	10%	$2K	$1K	$10K	View
44	🇩🇪Germany	$33K	10%	$2K	$2K	$10K	View
45	🇦🇺Australia	$29K	5%	$2K	$1K	$11K	View
46	🇨🇭Switzerland	$29K	6.5%	$2K	$1K	$11K	View
47	🇧🇪Belgium	$33K	10%	$2K	$2K	$11K	View
48	🇳🇱Netherlands	$33K	10%	$2K	$2K	$11K	View
49	🇧🇷Brazil	$38K	35%	$3K	$990	$12K	View
50	🇮🇹Italy	$34K	10%	$2K	$2K	$12K	View
51	🇳🇴Norway	$39K	25%	$2K	$2K	$12K	View
52	🇮🇱Israel	$54K	83%	$2K	$2K	$12K	View
53	🇬🇧United Kingdom	$32K	6.5%	$3K	$2K	$12K	View
54	🇩🇰Denmark	$78K	150%	$2K	$2K	$12K	View
55	🇭🇰Hong Kong	$54K	115%	$2K	$2K	$17K	View
56	🇸🇬Singapore	$38K	41%	$3K	$2K	$21K	View