Vauxhall Price Reduction

Whether you are thinking of buying a new car or not at this precise moment, your next new car will have some serious differences with the ICE ban in 2030. Some people are already making this swap and in big numbers too. In response to this, the government have reduced their Plug-in Car Grant from up to £2500 to £1500 when buying an electric car. This could prove problematic were it not for the Vauxhall price reduction.

Image: The reduction in PiCG as an incentive could have an effect on the sales of EVs

The purchases of EVs has increased by 66% compared to 2019. That tallies at 365,000 pure-electric vehicles in 2021. In response to that, the government have reduced the financial incentive. That may seem counter-intuitive- as surely to meet the target of 2030, they should be increasing the incentives. Vauxhall seem to have had the same thought and they have done something radical in response.

Have Vauxhall Reduced their prices? Corsa they have!

Image: The Vauxhall Corsa-e could prove a popular choice (picture courtesy of Vauxhall)

The Vauxhall Corsa was the best-selling car of 2021 so it makes sense for Vauxhall (or Stellantis) to have electrified the family favourite. As we all know by now, buying crossover is more popular than buying food at the moment so it also makes sense for them to electrify their Mokka too. It is a strong start from Vauxhall but to make sure people still buy the ‘e’ versions of these cars, they have slashed the prices by £3,000. That applies to all versions of the two models.

Image: As a crossover SUV, the Mokka-e should also prove popular with customers (picture courtesy of Vauxhall)

That means that their cheapest EVs OTR price is £25,805 including the reduced grant. You may still be thinking that is expensive- and it is compared to ICE cars- but the savings you will receive on running costs will be dramatic as we know with an EV. That does not just mean fuel/electric juice- it also means the maintenance costs of the vehicle as EVs do not tend to need as much maintenance as ICE vehicles.

Paul Wilcox, Managing Director, Vauxhall, said “Vauxhall wants to move the UK to electric motoring as quickly as possible, which is why we have committed to being an electric-only brand from 2028”. That is shown quite clearly by the price cut as the Corsa-e and Mokka-e will now be cheaper than they have ever been,

Image: Vauxhall’s Corsa-e is the sister car of the Peugeot e-208 (picture courtesy of Vauxhall)

What about the future of EVs?

Julia Poliscanova, Transport&Environment, said “By 2026, the e-Golf will be cheaper than the regular Golf due to parts and manufacturing being much cheaper”.

The key to making EVs cheaper is mass production, going back to the principles of Henry Ford with his Model T- one of the first cars for the people made cheaper by the production line.

That is what needs to happen with the manufacturing process of EVs and once there is the demand for them, the car manufacturers will have to respond by making them more efficiently- in turn making them cheaper.

Another issue that we currently have with the world of EVs is the range of vehicles on offer, most of the EVs on the market are high-end SUVs which are not going to be an affordable choice for the majority of new car buyers.

Image: Vauxhall’s Mokka-e is the sister car to the Peugeot e-2008 (picture courtesy of Vauxhall)

Vauxhall are the first car company to make this bold move, for the consumer you would hope other car companies follow suit with their pricing to stay competitive. By offering a small hatchback and a more affordable SUV, they are also targeting a section of the market which are slower on the uptake of EVs.

If you are thinking of switching the petrol pump for the charging plug, then you can talk to us at Van MonkEV about which EV suits your needs best.

As always, thanks for reading and we hope to see you again soon!

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