Britain could become one of the biggest markets for Chinese electric vehicles, even beating the USA and European Union. According to experts at AutoTrader, the UK is “relatively more attractive as a market” for Chinese electric car brands which could have a major impact on consumers.
The online car marketplace has admitted the UK second-hand car market could undergo a “transformative impact”. They have predicted British drivers may soon enjoy “mass electric adoption” when cheap models flood the market. The UK has used its Brexit freedom to slap no additional tariffs on Chinese companies selling electric cars in the UK in stark contrast to the USA and EU.
It means Chinese models sold in Britain are likely to be cheaper than many traditional Western brands, which could turn eyeballs.
Ian Plummer, Commercial Director of Auto Trader told the Daily Express: “Chinese electric vehicles are cutting-edge products backed by affordable battery technology.
“These, along with the other affordable new electric cars that have just launched, will have a transformative impact on mass electric adoption in the UK.
“Trade turbulence with the US and EU tariffs are also making the UK relatively more attractive as a market and so we are likely to benefit from exceptional choice from the now 70 brands available.”
The boom in international imports has led to a surge of affordable models already hitting the market.
According to AutoTrader, last year saw the launch of nine brand-new EVs under the £30,000 mark.
It means there are now more than 30 models below £30,000 in a boost for motorists on a budget.
Used second-hand EVs are now also becoming an affordable route to owning an electric vehicle.
According to data, two in five used electric models are now priced under the £20,000 threshold.
Mike Thompson, COO of Leasing Options has previously warned preconceived fears around whether Chinese electric cars could match the household brands is starting to fade.
Mike added: “Chinese EVs are aggressively priced, offering cutting-edge technology with manufacturing costs that can undercut many Western rivals. For price-conscious buyers looking to go electric, they have become an increasingly attractive option.”
The two cheapest Chinese electric cars available in the UK are the Leapmotor T03 and the Dacia Spring.
The Leapmotor T03 is a compact electric city car with prices starting at around £15,995.
However, the Dacia Spring is even cheaper with the plucky hatchback retiling for just £14,995.