Average Price of New Electric Cars Falls Below Petrol Cars in UK

In Brief

This shift in pricing may influence consumer choices and accelerate the adoption of electric vehicles in the UK.

Key Facts

• Autotrader data shows the average new electric car price at £42,620, compared to £43,405 for petrol vehicles.
• The price difference means electric cars are now £785 cheaper on average than petrol cars.
• April saw increased demand for electric vehicles, according to Autotrader.
• The Renault 5 is currently leading buyer interest among electric vehicles.
• The Chinese Jaecoo 5 ranks second in buyer interest for electric vehicles.

What Happened

According to Autotrader, the average price of new electric cars in the UK has dropped below that of petrol cars for the first time, with electric vehicles now £785 cheaper on average.

Why It Matters

This price shift is considered a significant milestone in the UK's transition away from fossil fuels and may impact consumer purchasing decisions as electric vehicles become more financially accessible.

What's Next

Industry observers may watch for continued changes in consumer demand, potential responses from car manufacturers, and further shifts in vehicle pricing trends.