UK Electric Vehicle Prices Plummet, Chinese Brands Gain Traction

Electric vehicle prices in the UK have significantly dropped, now averaging around £25,000, compared to £39,000 three years ago, due to an influx of affordable Chinese models. Global exports of Chinese EVs surged by 87% last month, with Europe seeing a nearly two-thirds increase in sales. Britons are increasingly open to Chinese brands, with six in ten now considering them. Prices may further decrease to £20,000 next year, narrowing the gap with used petrol cars. However, fast depreciation and upcoming government mileage taxes pose challenges. Checkout Solipillow.comThe Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.