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EV Discounts Surge 204% as Dealers Desperate to Unload Inventory

Oh, boy, have you heard the latest scoop on those fancy new electric vehicles (EVs)? According to a report by This Is Money, car dealers are practically begging folks to buy these things by offering wild discounts of up to 25 percent! Can you believe it? It’s like they’re handing out free candy on Halloween, but instead of candy, it’s electric cars. And instead of kids, it’s desperate dealers hoping to get these EVs off their lots.

Apparently, the average discount on a new EV in the UK has skyrocketed by a whopping 204 percent since last January. That’s like going from a tiny ant to a big ol’ elephant in terms of discounts. And get this – the dealers are going to extreme lengths to get these things sold. It’s like a wild circus out there, folks!

This whole shebang comes hot on the heels of a warning from a Lords Committee that UK drivers are giving the cold shoulder to the electric transition. They’re saying it’s because of high costs, not enough places to charge these cars, and mixed messages from the ministers. It’s like trying to figure out if it’s okay to eat dessert before dinner – confusing and frustrating!

But wait, there’s more! The What Car? report spills the beans on the financial nitty-gritty. It says that the average cash and finance discount on EVs has soared from 2.4 percent to a whopping 7.5 percent. That’s like turning a penny into a dollar, only without the magical powers. And on top of that, dealers are slashing an extra £3,149 off the list price of an electric car, racking up the total savings to a massive £4,603. It’s like hitting the jackpot at the discount store!

And brace yourselves, because the Society of Motor Manufacturers and Traders (SMMT) data shows that electric car sales to regular folks – not businesses or fleets – dropped by a colossal 25.1 percent. That’s like trying to sell hotcakes, but folks are saying, “Nah, I’ll pass, thanks.”

Even English comedy legend Rowan Atkinson, known for his antics as Mr. Bean, got pulled into this mess. Can you believe it? They’re saying that his opinions on EVs are making people skip over these cars like they’re yesterday’s news. It’s like blaming a bumblebee for ruining a picnic – it just doesn’t add up!

If that wasn’t enough, the thinktank Green Alliance is pointing fingers at the government, flagging the obstacles in pushing petrol and diesel cars out of the picture. It’s like trying to teach an old dog new tricks, but the dog just wants to stick to the same old bone.

In the end, it’s like a wild rollercoaster ride out there in the EV world, and who knows where it’s gonna go next? Hang on tight, folks, and get ready for more twists and turns than a soap opera!

Written by Staff Reports

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