UK car buyers can now drive a bargain with average discounts nearing £6,000, according to new data from Insider Car Deals. This represents a 10% cut across all petrol, diesel, and electric vehicles sold in the UK, with some models experiencing even larger reductions.
The typical discount available across all types of cars is 11.4%, which translates to £5,911 for on-the-road prices that include extras like road tax, registration fees, number plates, delivery, and VAT. However, electric vehicle (EV) discounts are slightly higher at 12.9%. The savings from government EV grants apply to certain models, resulting in larger price reductions.
Despite the discounts, car industry executives claim that official EV sales targets are too ambitious and lead to unsustainable discounts on battery cars amid intense competition from new Chinese brands. For instance, a popular British-made Nissan Qashqai can be found at 17.9% off its recommended retail price, while its electric counterpart has only seen a 13.1% discount.
Kia's Niro EV can be purchased for £38,460 without any government grants, whereas the hybrid model offers a more substantial 13.2% discount. Whichever option buyers choose, haggling usually pays off, particularly towards the end of the month or quarter when dealers may need to meet sales targets.
While electric cars often come with higher upfront costs, their total cost of ownership can be lower due to energy-efficient battery motors and reduced maintenance expenses. According to Colin Walker from the Energy & Climate Intelligence Unit (ECIU), this can lead to significant savings for drivers who can charge their vehicles at home.
The UK's electric car grant has helped bridge the gap between electric and petrol prices, with some models now offering comparable costs after the government incentives are applied. This trend is expected to continue as manufacturers compete to meet EV sales targets, making more affordable options available to consumers.
The typical discount available across all types of cars is 11.4%, which translates to £5,911 for on-the-road prices that include extras like road tax, registration fees, number plates, delivery, and VAT. However, electric vehicle (EV) discounts are slightly higher at 12.9%. The savings from government EV grants apply to certain models, resulting in larger price reductions.
Despite the discounts, car industry executives claim that official EV sales targets are too ambitious and lead to unsustainable discounts on battery cars amid intense competition from new Chinese brands. For instance, a popular British-made Nissan Qashqai can be found at 17.9% off its recommended retail price, while its electric counterpart has only seen a 13.1% discount.
Kia's Niro EV can be purchased for £38,460 without any government grants, whereas the hybrid model offers a more substantial 13.2% discount. Whichever option buyers choose, haggling usually pays off, particularly towards the end of the month or quarter when dealers may need to meet sales targets.
While electric cars often come with higher upfront costs, their total cost of ownership can be lower due to energy-efficient battery motors and reduced maintenance expenses. According to Colin Walker from the Energy & Climate Intelligence Unit (ECIU), this can lead to significant savings for drivers who can charge their vehicles at home.
The UK's electric car grant has helped bridge the gap between electric and petrol prices, with some models now offering comparable costs after the government incentives are applied. This trend is expected to continue as manufacturers compete to meet EV sales targets, making more affordable options available to consumers.