Data published by UK automotive marketplace Autotrader has revealed that the upfront cost of new electric vehicles (EVs) are now cheaper than petrol models, just as petrol and diesel prices add to the running costs of internal combustion engine (ICE) cars.
Autotrader, which bills itself as the UK’s most visited automotive marketplace, published data late last week based on prices (after discounts) advertised on its website.
The results showed that, driven by government grants and sustained manufacturer discounting, EVs have now undercut the cost of petrol cars across the retail market, with the average new electric car now priced at £42,620 ($A80,452) compared with £43,405 ($A81,934) for a new petrol model — a £785 difference in favour of electric.
“The electric car market is becoming increasingly competitive, and despite the challenges created by the ZEV mandate, manufacturers and retailers have worked hard to improve both the supply and affordability of new electric vehicles,” said Bex Kennett, head of New Car Performance at Autotrader UK.
Full story Price parity: Cost of new EVs now lower than petrol cars in key right hand market
Share this:
