EV makers slash prices worldwide as buyer demand goes flat

“There are clear signs of carmakers pushing EVs,” said Mike Tyndall, motor industry analyst at HSBC. “This was almost unthinkable at the start of the year.”

Brutal price war

In the UK, two-thirds of new EVs sold are on offer or have heavily discounted interest rates for financing, according to numbers from AutoTrader. In the US, discounts offered on EVs have tripled in the past 12 months.

Discounting in Germany has remained steady at 7 per cent over the past few months, but…

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