‘Big savings available’ when buying new electric cars including BMW and Vauxhall
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Some of the UK’s most popular new electric cars can attract cash discounts of up to 14 percent as manufacturers look to boost demand for EVs.
According to mystery shopper data from What Car?, the top 12 discount electric vehicles come with an average cash saving of six percent, or £2,185.
In some cases, drivers can even save as much as £4,105 when buying a Nissan Leaf 110kW Acenta.
Further large savings can be seen on other popular models like the Renault Zoe R135 attracting a cash discount of £2,734.
One of the best-selling models in Europe – the Peugeot e-208 100kW Allure Premium is available with savings of 5.8 percent (£1,831) off the list price.
The Target Price data also found that the average combined cash and finance discount for fully electric vehicles in the UK has increased by 33.3 percent over the last six months.
In comparison, discounts for petrol and diesel models have grown by 10.8 percent and 8.8 percent respectively.
The price of new electric cars has often been a sticking point for drivers, with many EVs on forecourts costing at least £30,000.
Steve Huntingford, editor at What Car?, commented on the data, saying it was good news for motorists looking to get their hands on a new electric vehicle.
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He said: “Discounts on electric cars have traditionally been low due to demand outstripping supply, but our latest Target Price research clearly shows that there are now big savings available on certain models.”
Even models which have a higher starting price, like the £38,835 Vauxhall Mokka can see significant savings of more than £1,800.
Similarly, motorists can save almost four percent on a BMW i4 210kW eDrive35, bringing the price down to below £50,000.
Data from the Society of Motor Manufacturers and Traders show that 15 percent of the new car market is made up of electric vehicles.
Manufacturers are also increasing the production of electric vehicles, both to achieve net zero goals as a company and also to meet international deadlines.
The UK will ban the sale of new petrol and diesel vehicles from 2030, with most European governments settling on a 2035 deadline.
As of April 2023, there are over 760,000 fully electric cars on UK roads, with a further 490,000 plug-in hybrids.
Sales of electric vehicles have jumped massively in the past few years, with a growth of 40 percent in 2022 compared with the previous year.
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