Overview
- CAR-Institut’s October reading shows popular EVs averaging €34,560 versus €32,970 for comparable petrol cars, leaving a €1,589 gap after discounts.
- The gap narrowed from €2,190 in September and from more than €7,500 a year earlier, based on transaction prices rather than list prices.
- Average discounts rose to 19% in October from 12.9% in September 2024, with notably high rebates at Seat, BMW, Opel, Kia and BYD.
- High levels of day-registrations and demonstrator cars are supplying nearly-new vehicles at extra markdowns, pressuring new-car pricing.
- Cheaper new EV entries such as Tesla’s lower-priced Model Y and the new Mini Electric, plus EU fleet CO2 rules and price-aggressive Chinese rivals, are accelerating convergence as used-EV residuals slide.