A Complete Buyer's Guide to The Price of Electric Cars in the UK

The good news is that there are a range of electric vehicle's to choose from. The bad news, though, is that EVs vary significantly in price based on factors like range, features and manufacturer. Ok, that's not bad news per-see, but it does mean you have some decisions to make when choosing an electric vehicle. That's the purpose of this guide, which features the complete buyer's guide to the price of electric cars in the UK. 

What Is the Price of an Electric Car?

The price of an electric car varies significantly based on several factors, including the make and model of the vehicle, its range and the features it includes. Electric cars can range in price from a few thousand pounds for a used or basic model, to several tens of thousands of pounds for a new, high-end vehicle with a long range and advanced features. A Mercedes SUV, for example, will cost more than a Hyundai SUV. That's why it's good to do your research and consider your budget and driving needs before making a purchase

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Can You Get a Used Electric Car for Under £5,000?

It's certainly possible to find used electric cars for sale in the UK for under £5,000, although the selection may be more limited than for higher price ranges. EVs are still relatively new and tend to be on the higher end of the price scale, even for second-hand models. Keep in mind that the price of an electric car can vary significantly based on factors such as the age and condition of the vehicle, the make and model and the range and features it offers. If you're after an EV for £5,000, it may be worth looking for older models with shorter ranges. The Nissan Leaf, for example, can be picked up for around £5,000 when you find the right model and year. 

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Where Can I Buy a Used Electric Car?

You can buy electric cars from the same places you can buy fuel vehicles, including dealerships, online marketplaces and private sellers. Before making a purchase, it's worth thoroughly researching the car and considering factors such as its condition, any known issues or repairs that may be needed and the availability of charging infrastructure in your area. Be sure to get an HPI check, especially if you're buying the vehicle from a private seller. HPI checks looks at a car's history, as well as other factors, such as whether it has been in an accident, has outstanding finance and if it was previously stolen. 

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How Much is Road Tax for an Electric Car in the UK?

Road tax is based on the type of vehicle you own and its emissions. For electric cars, road tax is typically much lower than it is for gasoline or diesel vehicles. Indeed, cars with zero emissions are exempt from road tax. So if you own an electric car, you won't need to pay any road tax.This exemption only applies to fully electric cars with zero emissions. If, for example, you own a hybrid electric car with an internal combustion engine and is able to run on gasoline or diesel fuel, you'll still need to pay road tax. The amount of road tax you will have to pay will depend on the emissions of your hybrid electric car.

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How Will the Tesla Price Drop Affect the Used Electric Car Market?

Tesla recently announced price changes for some of its models, including the Model 3 and Model Y. All new cars in these ranges saw a price drop of around 15%, meaning anyone thinking of buying a new Tesla can benefit by saving up to £15,000. The used-car market will also benefit, with prices likely to fall further as a result of new vehicles having their price slashed. As a consumer, it means you can shop for the most popular electric vehicle, saving thousands of pounds in the process. 

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