Dealers slash electric car prices by up to £4,000 as demand for EVs slumps – here are the biggest discounts
CAR DEALERS are slashing the price of electric cars by up to £4,000 as demand for EVs slump.
The U.S. brand Tesla, which has lowered the price of its models to attract new customers, is the strongest market indicator of the recent decline in demand for EVs.
Road experts at What a Car? sent mystery shoppers to dealerships across the UK to track down the biggest discount on the battery-powered models.
And they discovered that the top 12 discounted EVs offer an average cash savings of 6% or the equivalent of £2,185.
The Nissan Leaf 110kW Acenta tops the saving with a discount of 14.2 per cent – equating to £4,105.
Additionally, Renault dealers are prepared to give a Zoe R135 100kW Iconic an 8.8% discount, saving you £2,734.
Experts at What a Car? say that Peugeot’s dealer network is selling the e-208 100kW Allure Premium for 5.8 per cent less than the retail price.
What Car?’s target price mystery shoppers also found that, over the last six months, the average combined cash and finance discount for fully electric vehicles in the UK has increased by 33.3 per cent.
In comparison, discounts for petrol and diesel models have grown by 10.8 per cent and 8.8 per cent, respectively.
What Car? editor Steve Huntingford 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.”
Car experts at the company’s Road to 2030 say that the decline in demand is due to the cost of living crisis, the higher interest rates for borrowing – and an increase in energy prices.
This comes after an industry body warned that electric cars could cause more pothole misery for drivers.
Plus, electric cars are less reliable than petrol and diesel motors, according to drivers.