The 2025 MG IM5 marks a new chapter for MG in Australia, bringing the company’s “IM presented by MG” sub-brand into the premium electric fastback space. Sitting above MG’s mainstream EVs, the IM5 Performance AWD promises serious pace, long-legged range, and luxury-grade features — all while staying under the Luxury Car Tax threshold, making it especially attractive for novated lease buyers.
At $80,990 drive-away, the Performance AWD is the flagship of the IM5 range in Australia (Premium RWD: $60,990; Platinum RWD: $69,990). Crucially, it falls well below the fuel-efficient LCT threshold of $91,387 (2025–26), making it eligible for the ATO’s fringe benefits tax (FBT) exemption on electric cars, provided standard conditions are met. For salary packaging, that gives the IM5 Performance a major cost-of-ownership advantage.
Under the skin, the Performance pairs a 200 kW front motor with a 372 kW rear motor. MG doesn’t quote a combined system output, but it’s clear there’s plenty of thrust:
0–100 km/h: 3.2 seconds (conservative figure quoted in Australia).
With rollout subtracted: 2.74 seconds (MG AU technical sheet figure).
Either way, it’s supercar-quick for a four-door liftback. Top speed is around 268 km/h, with big ventilated disc brakes and four-piston calipers to rein it in.
The IM5 runs on a 100 kWh NCM battery with 800 V architecture. This enables ultra-fast charging:
DC fast charge: 30–80% in just 15.2 minutes (claimed, on a high-output charger).
Peak DC acceptance: up to 396 kW (Performance/Platinum grades).
AC charging: 11 kW standard.
Vehicle-to-Load (V2L): 6.6 kW for appliances, tools, or emergency backup.
WLTP range for the Performance AWD is 575 km, putting it firmly in long-distance EV territory.
What sets the Performance apart is its chassis hardware. It rides on a double wishbone front and multi-link rear suspension, enhanced by:
Adaptive air suspension with continuously controlled damping.
Four-wheel steering (standard across all IM5 models).
Quick steering ratio (~2.3 turns lock-to-lock).
The result is a car that feels more agile than its size (4.93 m long, 2.3 tonnes tare) suggests, with a tight 9.98 m turning circle that makes it city-friendly as well as motorway-stable.
Inside, the IM5 looks and feels premium. The cabin is anchored by a 26.3-inch curved main display and a 10.5-inch control screen, giving a clean, futuristic layout. Standard equipment includes:
Full active safety suite: AEB, adaptive cruise, lane-keep assist, blind-spot monitoring, rear cross-traffic alert, surround-view camera.
High-quality interior finish aimed at competing with Tesla and Hyundai/Kia premium EVs.
Space is generous: 457 L boot (1290 L with seats down) plus an 18 L frunk. With a 1500 kg braked towing capacity, the IM5 is also more versatile than many rivals.
MG has tailored the IM5’s warranty to reassure buyers:
Vehicle warranty: 5 years/unlimited km, extendable to 7 years/unlimited km if serviced within MG’s network.
Battery warranty: 8 years/160,000 km.
Air suspension and 4WS: 5 years.
Capped-price servicing: Published up to 5 years/100,000 km, with annual/20,000 km intervals.
No ANCAP safety rating is available yet.
For salary packagers, the IM5 Performance hits a sweet spot:
Below LCT cap → qualifies for the FBT exemption (electric cars first held/used after 1 July 2022).
Zero FBT → major tax savings on running costs.
Big battery + fast charging → lower reliance on public charging, especially with 11 kW AC at home.
Premium tech → positioned as a “step up” from mainstream EV sedans without the cost of German luxury EVs.
The only caveats are the lack of ANCAP testing (yet) and unknown resale values as a brand-new model in Australia.
The 2025 MG IM5 Performance AWD is one of the sharpest novated lease opportunities on the market today. With supercar-quick acceleration, 575 km WLTP range, ultra-fast charging, and luxury-grade chassis tech — all for $80,990 drive-away — it undercuts European rivals while offering tax-friendly packaging.
If you’re looking for a premium EV fastback that balances performance, practicality, and cost efficiency, the IM5 Performance is a standout new entrant in the Australian market.
Whether you’re looking to maximise tax savings, simplify your car expenses, or switch to an EV, Prosperity Smart Drive can help you find the right novated lease solution.
