EVs cheaper than petrol on average for the first time
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Electric vehicles (EVs) are now cheaper than petrol cars on average for the first time, driven by manufacturer discounts and government support. Consumer interest in EVs is rising, with visits to Auto Trader's new car platform up 20% year-on-year.
Electric cars are now cheaper than petrol models on average for the first time. The average new EV costs £42,620 compared to £43,405 for a petrol model, a £785 difference. Manufacturer discounting and government support have narrowed the traditional price gap between fuel types. Average discounts on new EVs remain historically high at 11.7%. Consumer interest is rising, with visits to Auto Trader's new car platform up 20% year-on-year. The most in-demand EV brand is MG, accounting for 11.7% of enquiries, followed by Renault and Kia.
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