Stellantis are mad. If they listed the Corsa, the e208 e2008 and eC4 at under £25k they would get far more people through the door in the first place

I see list prices and think "they're having a laugh" and don't look any further.

Dvla are happy to use list price over £40k on ice cars to stitch you up for more road tax!

If the car companies overprice their cars well they deserve those top depreciating car awards.

An EV is like a smart phone, a disposable piece of consumer kit.

I'd be careful and treat un-usually low prices on autotrader as a ploy to increase enquiries at certain dealers. When I was looking for my focus the number of dealers advertising certain deals, then claiming "oh its gone but we've got loads of others at full price" was rediculous. Just because its advertised, doesn't mean it's real.

I've never bought a new car and probably never will and I knew you could get a bit knocked off through different websites but I didn't appreciate the scale of the discounts available on some new cars. This is great content that will help a lot of people.

Super interesting video, thanks. Some real bargains out there, and also second hand.

Unfortunately I paid list for a Honda E , these massive reductions weren’t about 2 years ago, it’s now worth 40% of what I paid, people did pay list!

Very informative it looks like a buyers market.

The top 5 cheapest EVs (and pretty much all the other ones with some exceptions) are the smallest ones also knows as crossover scooters! For 20k, you can get a very decent used petrol or diesel (euro 6) than those useless EVs. Granted, won't be new but easy to repair at any local garage vs the EVs. And you recharge to 300+ miles in less than 5 min!

Thank you for this. It's given me a good idea of the kind of prices available in the real world.

lets face it they are trying to get rid of stationary stock my dealer told me that he has not sold one privately owned EV

I've bought a couple of new Renault cars with huge discounts over the years (30%}. The deprecation was quite low compared to the price I paid but massive compared to list price.

oh boy i cant wait to spend £20k plus on a car that can just be a 'second car', i guess it's a nice way of saying it is just too inadequate to be a normal car

Great video, a dose of reality.

Thank you this was a very interesting video

Ive had my Corsa-e just over three years now. 55k miles. At the time i bought it, it was the cheapest i could find am ev. £21k brand new at the time and ive almost finished paying it off!

Where did you get these prices from? Interested in the mg 4

Now you should do the list of how much the manufacturers lose on all of those EV cars compared to their petrol and diesel

I need a van that will do at least 150 miles a day while loaded without needing a recharge. Ive no need for a car. Even the cheapest is £16 - 17,000 over what Im willing to pay for a vehicle. Then I run it till the wheels fall off and the bodywork gives way and I cannot weld it back together anymore. The newest vehicle Ive ever owned has been 6 years old. I still own it 15 years and 475,000 miles later.

Very good information xx

If I paid the list price on my Cupra Born I would of lost 50% of its value in 16 months. I paid a decent amount less (shopping around) but just sold it 2 weeks ago for £18k. 4 months ago however the webuy value was £24k..... The 1k a month loss is very real at the moment. Just ask my wallet!

Just rewatched you two in a twizzy for 24hours.. you can thank the algorithm Did think about donating but assumed the link was shut

Ive been looking at alot of these cars recently there is big discounts available but most have very high interest rates on pcp 9.9-13.9% some are betterto lease if you can find a good deal

The problem with the used market is manufacturers retiring key things like Smart apps (Nissan) or upgrading them only for key models, so old ones no longer function (Jaguar). Who wanted pre-heating, keyless entry, remote parking, etc anyway

Wow. I have the old ID3. It was pre registered and had 1400 miles as a demo and was massively discounted. Cheaper than the MG4. I wouldn’t be paying the current price but I definitely wouldn’t get an ID3 when the Cupra Born was cheaper. It looks so much better than its cousin. I love my ID3 though. Things were different last July when I bought bought it. My ID3 was nearly £30 a month cheaper than the MG4 which I got the longest range priced cheaper than the standard. So the car was about £7k off list but the used car got a 2k finance contribution compared to £500 for a new one (at the time).

I always enjoy your video content, and it’s helped me with my research for energy and budget saving. Having owned an EV myself for 3 years, I’ve recently swapped out for a Toyota hybrid as the overall cost with 3 years ownership is less than an equivalent EV. Some other factors helped with my decision, discount on my new car, zero problems trying to charge on long journeys, and predictable depreciation. I’m happy with my decision, but I miss the EV driving experience, but it just didn’t make the cut this time around.

Really useful video - the list price as quoted in many reviews and literature no doubt puts people off but given a lot of people are acquiring new cars on finance or leasing they won’t have access to these deals or will they?!

You are spot on with riduculous depreciation calculations - and I too have been saying it for years! Four years ago I negotiated a new top of the range SEAT Ibiza down from just north of £20k to £16k. I recently traded it in against a new Clio 90 TCe, getting £13k for it. This was a real depreciation over four years of less than 19% - not the 36% against List Price (which would have still been way below the 60% that the magazines and websites would suggest). I got 11% off my new Clio and free metallic (effectively a total of 14% off) - not as much as I got off the Ibiza, but better than the Target Price quoted by the main consumer magazines and websites. It will be interesting to see how I do when I swap the Clio in four years time. As for the list prices of electric cars - they are nothing short of laughable. I, for one, am delighted to see big discounts for those looking to get an EV, but lower realistic list prices would, as others have said, get potential buyers (especially those who don't want to or can't haggle) through the door and actually buying. If the mainstream (i.e. European) manufacturers keep their list prices where they are, the upcoming Chinese models will take a huge chunk of their sales of mainstream models.

I’ve just gone down the leasing route for my E-C4X, some good deals on Leaseloco. Hopefully in two years everything will have settled down a bit.

a guy had a porsche on another site, paid 120k for it, less than 3 years old and the best from 3 place was 41k he could get back now

Evs were not heavily discounted 3 years ago. For accurate depreciation you would have to use 3 year old new car price data. I know for sure Tesla have done massive price variations over that time period.

Nissan dealer by me had 4 leafs pre-reg for £18k. They still have 2 left last time I drove past.

My current electric car is a Zoe and my next will be a Vauxhall Combo Life Electric with Wheelhome Vikenze III conversion.

I just bought a Renault Zoe 52kwh 136bhp from mid 2020 with 60.000km for 14.000 british pounds (in Denmark, where I live). For that price it is an incredible second car for shorts and medium trips. But I have to say that the car has no CCS charging... bit for the everyday is more than enough😊

I have enjoyed my Zoe for four years, and it’s a leased car through Renault’s own finance company. The Combo will be leased through Motability because I’m disabled.

It would be interesting to see a biggest percentage discounts version of this video 👍🏼

Very good video. But in buying a new car, where can I go for such discounted price please.

I would like to know where you get yuur prices, I am ready to Buy.

Thanks for the video, I bought my first EV (E208) last year and so far I can't see myself going back, so any indication that the prices are leveling up is good. As a retiree I'm very rarely in a rush so charging along the way suits me.

Interesting. Very interesting.

Thanks for this. Wonder what price you'll be able to get the Dacia Spring and Renault 5 for later this year? List wil be£15K and £25K for each, Especially in Q4 🙂

I might be on the wine, would like to see a similar lease one buttt those prices are all over the place

Great video 👍 I was training at GivEnergy HQ this week on Thursday and asked if you was about. I also saw all your videos, great stuff 😎

Just goes to show how manufactures take us as mugs. If they had simply priced the cars at a realistic price top 4 @ £25K instead of the inflated £30k+ Not only would they have sold more, but would not have had to discount so much just to get people to buy them. Total greed on their part.

People who have not gotten the new discounted price but financed their EV for bit less than list will loose out as the current discounts of up to 30% on new EVs. Then comes the question are people buying a 3 year old EV off the dealers? And what happens to all the lease fleet cars after 3 years since most EVs sold are fleet leases?

Quite funny to see how much they are still asking for the Leaf given its age against the competition at same price points.

Looking for a high end used car in the 10-20k range, what are my EV options?

My local Fiat dealer has a 500e pre-reg with no mileage in Icon spec for under £19,998. Sounds tempting, until you try to insure it. I'm 72 with 30 years NCD, so the huge premium is based on the car, not my driving record.

These are cars are discounted as no-one wants them and dealers are desperate to sell them. Dealers have EVs stacking up on there lots. People know that they don't hold their value as there is no second hand market for them as the cost to replace a battery is most likely more than the car is worth. Also problems with range anxiety, queues to charge at peak times, time to charge being at least 45 minutes and no-where to have them repaired except for the main dealers all contribute to poor sales leading to massive discounts.

Apply this to petrol or diesel cars, and EVs are still expensive and will certainly depreciate badly as they near the end of their battery life.

I love your videos. Can I just ask how you find the prices? Do you ring the dealerships and haggle or something else because I’m struggling to get a decent price.

I am looking at replacing my leased Kia E Niro 4+. On paper the Tesla Model 3 is cheaper than most cars especially when adding the extra tech and heat pump. This is another interesting view as I will be looking at a number of cars this week. Out of interest we drove past some 2018/19 Ford Fiesta rangeing between £10,000 and £12,000, so new EV's are looking a lot cheaper. I used to always get a deal on a new ICE car for less than any selling second hand, even a year old. It is well worth looking for discounts.

When I bought mine new in 2016, it was new to market, high demand, a few months waiting time, and I kinda had to suck it up - it's great to see the market is now so much bigger and more established, and I shouldn't have to do that again!

The list price and any extras are what the tax due is calculated on if you have a company car. As you say who actually pays that.

It's all very well to say that the depreciation isn't as great as some people are making out as you don't pay full MRRP. However, someone who bought their EV two or three years ago won't have seen the discounts you are highlighting so they will experience bigger losses than you are intimating. These big discounts are appearing in part because Tesla are dripping list prices so they all have to follow suit.

It's like looking at AO and Argos listings for discount washing machines

Car prices vary a lot between UK countries.

Fascinating. I’ve some experience of trawling discount sites but can’t find prices like these ‘in 30 secs’. Can you be any more informative on where you found these deals?

I'm waiting for delivery of a £16k discounted Hinda e:NY1, but live in Scotland. I've posted up on an owners page on Facebook that you're struggling to get a hold of one to review, with the hope that someone a little closer to your location can offer you theirs for a test. Where is your rough location?

I'm curious how the e2008 is so much cheaper there because here they made it more expensive. There is some stock clearance on the peugeot site, but the dealers are brushing it away, plus the trim levels are worse. For example the GT trim would come like in 2023 (last year of NFL) with 10 inch screen, the advanced led headlights, the silver trim pieces, fog lights...but in the stock GT cars, they are being sold without any of the above, but still offered as GT (not GT line) And the rest of the cars are being price increased here mainland europe, not reduced.

Thank you for the considerable time you must have spent researching this. Good that EVs are now becoming more affordable to a wider audience.

I am more likely to look at a car if the sticker price say 19K rather then 32K. In a way the car dealers are discouraging customers from stepping into their dealership. Do carry on this type of car prices comparison now and again. Most helpful.

£19-20k used to be the price for the basic 204 generation Mercedes C180 Kompressor. They currently range, sixteen years later, between £1,000 and around 6,000 for an ultra-low mileage, pristine example. They do 40mpg, have over 150bhp, five seats, comfort, reliability and very reasonable parts prices both new and second hand. These cheap EVs will disappear from the UK roads in a decade or so. Meanwhile, the cheap petrol cars comparable to the cheapest EVs used to be, even a few years ago, around £10-14k and their engines are also running strong.

Totally agree with car depreciation. A Cupra V2 Formentor has depreciated the same as a Cupra Born V2. They are both about the same cost new and 22 plate cars have similar depreciation. The only issue with your list is they are mainly small EV's so second cars as range is 150 to 200 miles at best in summer. Most families would want a Tesla, ID3 or 4 or Audi Etron size car.

Really useful rundown on the cheapest trade prices for EVs.. at £20k.. hmmm.. might go for it 🤔

Is the 40k "luxury car tax" payable based on list price, or on actual purchase price (when new)?

VW prices for the ID models seem a bit excessive.

One can only assume this will bankrupt most of the European Car Manufactures with these prices.

If you are in the market for a brand new EV then surely you need an EC4 at £20k... Or the ioniq 6 at £38k. Pretty much write everything else off at these prices. Sure if you want an estate or an Suv or sports car then get the Mg5 and of the suv or that Audi.

Thanks for the video. Have you thought of using a 50" TV and PowerPoint as the Whiteboard of Truth? It might save you time for not a lot of money. These deep discounts seem to be UK-specific. Cheapest new Corsa EV here I could find is €29,950 or £25,700 so a full £5,700 or over 25% more than UK.

I wonder what effect the Dacia Spring and even the e-c3 will have on these prices. The spring's list price is £15k, even if they don't discount it that's going to make the other city cars going to look unattractive. National cars is selling the Leaf for £20,400, that'd make it 5th on your list

WOW.... I mean... a holy cr*p, kinda WOW...! Some of those discounts are mindboggling...!! Great work, dude... Oh and I can see the anti-EV trolls are starting commenting on your channel, eh...? 🤦‍♂

I'd only consider 2 out of the top 17 and they would only be as a second car for short journeys. The E-208 or Mini.

Wow!

Funny but you are comparing current new discount prices v current 2nd hand cars. Add another 3 years to current cars and the will be even cheaper 2nd hand than they are now. Especially as there will be a glut of used EVs, they will be taxed at either 180 +/- 380 premium car tax if over 40k list. 3 years if numbers increase by 30% then cheap rates will start to increase, especially with the push to heat pumps. It’s still not that rosey. Still keep to Tesla not that I plan to sell my MX any time in the foreseeable future.

I also looked at the cheapest new Volkswagen Polo, £18,941 ouch.

I guess the discounts they are now giving is due to EV's not selling and being stock piled. It's all supply and demand. If you get a discounted car and pay less than £40,000 for a £40,000+ car do you still pay the luxury car tax premium?

Great prez. I wonder if anyone could opine. Dealers are selling MG4 15-18 months old (Jan-2023 thereabouts). They ask 18K GBP or so - that's a 25+% reduction from the list price. What kind of offers are these dealers accepting? Anyone tried his luck?

I think you need to bring a video showing the real purchase price of EVs vs ICE cars.

All journalists, no matter the topic, have ever let the truth get in the way of a good story.

I got a kick out of this one. None of those cars are available in the US where I reside. Right now our cheapest car is a base Tesla model 3

Sorry I would not buy one at any price .looks like they are having trouble trying to get rid of them .serves them right try to push this things onto us .

Great but my Model 3 seems to have dropped from £48k to £25K in a bit over 2 years so almost £1k a month lost. I wanted to get one as a salary sacrafice but my employer was not playing ball. If I could have done that I would probably have saved £600 a month and could have walked away. I still love the car but I have never lost so much money on a car. I won't buy another.

E-tron GT for me.

They should sell them at these prices because the press are slating them for the price and customers think EVs are vastly over priced. At these discounts they are not.

Thank you for bringing some realism about EV prices. Whats a good place to look for these cars, any ideas.

Good vid

Where are you finding these actual prices from please as I’ve looked and there’s nothing even close to these discounts

Where do you recommend to go to find the “realistic” prices?

I am assuming that manufacturers are effectively giving some of the huge discounts that fleet buyers get to private buyers now. It's about time.

It's the bad vehicles that have the big discounts. Big discount equals a red flag.

Doesn’t matter how cheap they are, I wouldn’t have one if you gifted it to me!!

The Vauxhall Corsa. Eight years ago, a medium spec Corsa had a list price of £14400. Trade magazine says it can be had for £12200. A leaflet comes through the door from the Vauxhall owned dealership saying there's a special deal on and it can be had for £9000. A visit to the dealer is tricky because the area is swamped with Vauxhall Corsa's. Eventually, I make it to the Salesman who spends 20 min banging on about gap insurance, whilst looking like his family are being shot outside in the car park, or Corsa park as it has become. I noticed a large field covered in cars - all Corsa's, acres of them. It takes 5 mins before he offers to sell me one, with free diamond coating and upgraded audio for £6745 if I come back next week when the manager isn't in. All around me are signs saying "Vauxhall - supporting the customer". Make of that what you will.

It the repair bills, out of warranty that frighten me.. The cars, are with phones..

This is great for those buying now and shows the reality of the current market so thank you. Some poor guys who purchased two to three years ago when we were being pushed into buying electric cars and discounts were much lower because of higher residuals have lost a fortune plus dealers don’t want to touch used electric cars as they need to sell their new car quota so they don’t get penalties for going over their ICE quotas. I am 10k negative equity if I want to trade in my 2021 EC4 today, the ev market had to right itself eventually to the rest of the car market but will be hard for some especially those who paid over for luxury Audis and a Porsche. I luckily have a PCP on 3.9% APR and have only spent £700 in three years on charging, servicing and repairs in that time as I have access to a free charger. If I brought the same petrol C4 I would of spent £8000 in petrol and £900 more on servicing not including road tax and extra on insurance. My reality is I have broken even and when I give my car back with a GFV next year I should be in a great place. EVs are good cars if they work for you just like choosing a car because it’s a diesel and you need a car to cope with high mileage or towing a caravan. These videos keep your eyes open, keep posting and keeping us informed. 👍

It’s all well and good being cheap, but what about range? For my personal circumstance, a long range model 3 was really the only viable option (and what I’ve been driving for 3 years). This doesn’t appear to have changed much, and I am now looking into getting a second hand M3 or other Tesla in years to come rather than a brand new one or other make. There is also the charging network; Tesla’s superchargers are so much better than any other out there.

Evan Halshaw has a 2024 red C4 50kwh on Autotrader with just ten miles for a nudge under £18000, bet that doesn't hang around long.

Surely if you are using the same data points for all cars then the depreciation is a valid indication of how much a car value could drop. Therefore if you can get the car for much less than list fine, but price paid is what the manufacturer / dealer is prepared to accept sometimes even incurring a loss.