Damn it. Do you want to buy a new electric vehicle (EV)? No, neither do I, but some people do, and desperate automakers are cutting prices by up to a quarter to move inventory. I am being welcomed by the dealer.
This Is Money report According to market analysis by What Car?, the average discount rate on new EVs in the UK has increased by 204% since January last year. That’s because dealers are going to extraordinary lengths to stimulate sluggish sales.
This revelation came days after the Lords’ Commission warned The government has claimed that British motorists are turning their backs on electrification.
Sales of electric cars are down, with new purchases down to just a quarterhttps://t.co/XXXSuXbfXzJ
— Breitbart London (@BreitbartLondon) January 7, 2024
They blame a toxic combination of high purchase costs, inadequate charging infrastructure and mixed messages from ministers.
What car? The report provides financial details.
An analysis of discounts available through What Car?’s New Car Deals service reveals that from January 2023 to January of this year, the average cash and finance discount for EVs rose from 2.4% to 7.5%. I did.
On average, this equates to dealers discounting an additional £3,149 off the list price of an electric car, taking the total savings to £4,603.
The company’s market research also shows that growth in EV discounts over the past 12 months has far outpaced growth in petrol, diesel and hybrid models.
According to official car sales data held by the Society of Motor Manufacturers and Traders (SMMT), electric vehicle sales (not vehicles or businesses) fell by a quarter (25.1%) in January compared to the same month last year.
Blame for slow consumer acceptance of EVs has been constantly shifted by British comedy icon Rowan Atkinson, whose on-screen work as Mr. Bean has been forever admired, and who simply shrugs off EVs’ reputation. It has even been accused of “hurting” the company and contributing to poor sales. Opinions about our future, or lack thereof.
‘Mr.Beanstar’s Rowan Atkinson held responsible for sluggish EV saleshttps://t.co/SXPqFrYhzP
— Breitbart London (@BreitbartLondon) February 7, 2024
The actor was name-checked during a meeting of the House of Lords’ Environment and Climate Change Committee.
Citing a newspaper, think tank Green Alliance has outlined the main obstacles facing governments in their efforts to push petrol and diesel cars to the limit by 2035. Comment part This article by Johnny English Star was published in June 2023 as damaging to the cause.
The headline of the 69-year-old actor’s article read: “I love electric cars and was an early adopter of them. But I started to feel more and more cheated.”
