Genesis GV60 drops $15,000 to sneak under luxury car tax threshold
Genesis has slashed the GV60's entry price to $88,300 before on-road costs, ducking below the LCT and FBT-exemption thresholds with a bigger battery and 561km range.
Rob Leigh
Key takeaways
- 2027 Genesis GV60 drops around $15,000 to $88,300 before on-roads
- Price sits below the LCT and FBT-exemption thresholds
- Hot GV60 Magma AWD with 700Nm due later in 2026
The 2027 Genesis GV60 arrives in Australia from June priced at $88,300 before on-road costs - roughly $15,000 less than the outgoing model and strategically positioned below the luxury car tax threshold.
That pricing makes the compact electric SUV eligible for fringe benefits tax exemptions for novated lease buyers. It's a sharp repositioning in a premium EV segment where rivals are making similar moves.
What's new on the 2027 Genesis GV60
Genesis has swapped the old dual-motor all-wheel drive setup for a single rear-mounted motor producing 168kW and 350Nm. That's a notable step down from the outgoing AWD's 234kW, but range climbs substantially thanks to a larger 84kWh battery (up from 77.4kWh).
Claimed WLTP driving range hits 561km, and the 800V architecture supports a 10-to-80% fast charge in just 18 minutes on a 350kW charger.
Outside, the GV60 gets a redesigned front bumper, new Micro-Lens Array headlights, body-coloured wheel arch cladding and fresh 19-inch alloy wheels. A revised underbody cover drops the drag coefficient to 0.28.
Inside is where things get interesting. A 27-inch OLED panoramic display spans the dashboard, combining the instrument cluster and infotainment system. Digital Key 2.0 lets owners lock, unlock and start the car via smartphone or smartwatch, with support for up to 15 shared devices.
Standard kit is generous. Leather-appointed seats, heated and ventilated front seats, a hands-free power tailgate, wireless phone charging, a Crystal Sphere shift-by-wire selector, 10 airbags and a full active safety suite all come included.
2027 Genesis GV60 pricing
| Variant | Price (MLP) |
| GV60 Advanced RWD | $88,300 |
| GV60 Magma AWD | TBC |
Matte paint is the only option, adding $4,000. All prices exclude delivery and on-road costs.
What about the GV60 Magma?
The performance-focused GV60 Magma will follow with a dual-motor AWD powertrain producing 700Nm along with an electronic limited-slip differential, Drift Mode and a Virtual Gearshift System. Pricing and full specs are yet to be confirmed.
The Genesis GV60 enters a segment seeing aggressive price action. The Lexus RZ recently dropped to $84,500 before on-roads, while the Cadillac Lyriq has been discounted below the LCT threshold until May 31. For buyers after a premium EV that qualifies for tax benefits, options are growing fast.
Frequently asked questions
How much does the 2027 Genesis GV60 cost in Australia?
The 2027 Genesis GV60 Advanced RWD is priced from $88,300 before on-road costs. Pricing for the GV60 Magma AWD is yet to be confirmed.
What is the range of the 2027 Genesis GV60?
The 2027 Genesis GV60 Advanced RWD offers a WLTP-rated driving range of 561km from its 84kWh battery.
When does the 2027 Genesis GV60 go on sale in Australia?
The GV60 Advanced RWD is available to order now and arrives in Australian showrooms from June 2026.
