Why Electric Cars Are Now CHEAPER Than Petrol Cars

Are EV discounts changing the car market for good? For years, the biggest barrier to buying an electric vehicle has been the high upfront cost. But recently, something incredible has happened in the automotive market: the average advertised price of new EVs has actually dropped below the average price of petrol cars. But what is the reality behind this price shift, and is it here to stay? In this video, we look past the headlines to explore the real story behind the massive EV discounts, how manufacturer competition is reshaping the market, and whether the cost crossover will last. Want to know more? Read what our experts have to say here 👉 https://www.autotrader.co.uk/content/news/new-evs-are-now-cheaper-than-petrol-cars-on-average-is-now-the-time-to-buy ACEA data report: https://www.acea.auto/pc-registrations/new-car-registrations-1-8-in-2025-battery-electric-17-4-market-share/ Everything you need to know about EVs: https://youtu.be/xNZR4wB-T80 EV facts and running costs article: https://www.autotrader.co.uk/content/features/electric-cars-facts-and-figures Looking for a new car? It’s time for Autotrader: https://www.autotrader.co.uk/?utm_source=youtube_organic&utm_medium=video&utm_campaign=youtube_organic_brandplatform&utm_content=its_time_for Watch expert car reviews and recommendations on our official YouTube channel to help make finding your next car easier than ever. Check back for the latest new car reviews, plus: ✅ car advice and explainers ✅ used and new car guides ✅ head-to-heads Subscribe for more from Autotrader UK ➡️ http://bit.ly/1AqiIny Want to be the first to see our new videos? Enable notifications 🔔 Chapters 📖 00:00 Are electric cars cheaper than petrol? 00:59 EV upfront cost barrier changes 01:44 EVs are only cheaper because of discounts 02:29 Huge discounts changing the market 03:20 Examples on Autotrader 04:20 EV market is opening up 05:25 Fuel prices are pushing people to electric vehicles 06:03 Temporary or permanent shift? 06:34 2035 petrol ban driving EV push 07:28 Battery costs dropping rapidly 07:52 Most popular EVs right now on Autotrader 08:47 Most popular cars right now on Autotrader 09:18 Final thoughts