Number plate changes will see electric car prices fall by over £2,000 in five percent drop

Number plate changes will see electric car prices fall by over £2,000 in five percent drop

Number plate changes will ensure a spate of discounts on older models with some electric cars set to fall by £2,208 on average in a 4.7 percent decline. DVLA plate launches usually lead to a dramatic boost in sales for the market with experts predicting September could be the best month for the industry in 2020 after months of lockdown.

Octopus says the move to scrap benefit in kind electric car charges from 16 to zero percent have ensured electric cars are no longer the preserve of the wealthy.

The changes now mean road users will not need to pay any tax when they lease a model through a salary sacrifice scheme which can make a massive difference to road users,

With this policy in place, prospective buyers can secure models on a monthly deal with upfront costs completely scrapped.

Octopus also stresses that electric vehicles are now £150 a year cheaper to own than petrol vehicles.

They have also hinted that every major manufacturer now offers a range of electric vehicles giving consumers a range of options.

Top brands such as Mini, BMW, Ford and Nissan have joined companies such as Tesla on the electric market meaning there are now vehicles to suit every pocket.

A spokesperson for the firm told Express.co.uk: “Owning an EV is straightforward and hassle free.

“A huge choice of vehicles, virtually non- existent running costs, massive range, government incentives, zero tailpipe emissions – the list of benefits really is endless.

“If you’re on the lookout for a bargain this September, this is the perfect time to go electric!”

Published at Sun, 30 Aug 2020 04:01:00 +0000