Price parity: Cost of new EVs now lower than petrol cars in world’s biggest right hand market
New electric vehicles (EVs) are now cheaper than petrol cars in the UK, with the average EV priced at £42,620 compared to £43,405 for petrol models. Government grants and manufacturer discounts have driven down EV prices, making them more competitive.
The UK's Autotrader marketplace has reported that new electric vehicles (EVs) are now cheaper than petrol cars. The average new EV costs £42,620, while petrol models cost £43,405. Government grants and sustained manufacturer discounting have driven down EV prices. The average discount on new EVs has eased to 11.7% in April, but remains historically high. British brand MG is the most popular new electric car brand, followed by Renault and Kia. Chinese EV brands, such as Leapmotor and BYD, are also gaining traction.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.