UK electric vehicles now cost less upfront than petrol cars—averaging £785 cheaper—due to Chinese EV competition, government grants, and absence of tariffs driving prices down.

In the UK, EVs are cheaper than petrol cars, thanks to Chinese competition

It’s long been cheaper to own an electric car, due to lower fueling costs. But the upfront cost is now lower, according to UK’s largest auto-buying website Autotrader, and reported by The Guardian. And a large part of it is because of the availability of low-cost Chinese EVs, which are unavailable or subject to tariffs in many other countries. Data from the UK’s largest auto-buying website Autotrader now says that the average EV costs £785 ($1,063) less than the average petrol-powered car, meani...