Independent EV Price Index November 2025

Welcome to The Independent EV Price Index, your new monthly guide to the real-world cost of buying and running electric vehicles in the UK.

Launched in partnership with e.on nextThis essential and new resource – First of its kind in the UK – Helping you track how EV prices are changing in the most dynamic car sector in the UK. We’ll tell you what’s causing pricing fluctuations, and importantly help you know when to buy, trade, or just track where the market is headed.

Combined with expert reviews on IndependentOf EV Channel, we will help you decide what to buy as well as when is the best time to buy it.

Built on data from Insider Car Deals, the data reflects real-world discounts, finance deals and incentives available at retailers, giving you valuable insight into the electric vehicle market that is evolving every month. All curated by our electric vehicle editor, Steve Fowler.

November EV Price Index Focus

“Our special EV price index tracks new and used prices to give you the information you need to help you save the most cash when buying a new or used EV. This month’s data shows that while new EV prices are coming back following the rush for new registrations, the Government’s electric car grant is having a real impact on the number of people buying electric cars and the prices they pay. As we approach the end of the year the deals are getting better as targets are being achieved. Will happen – so now is a good time to buy.”

Steve Fowler, electric vehicles editor of The Independent

1. Electric car prices are falling month-on-month as carmakers work hard to hit EV targets

Now that the rush for new registrations in September is a thing of the past and we are headed towards the end of the year, dealers and carmakers are being more generous than ever with electric car deals. By the end of the year, manufacturers should aim to make battery electric vehicles 28 percent of total sales, the government said. That target is hard to meet and if carmakers don’t get there, they risk paying fines or using up valuable credits. That’s why as we move towards the end of the year, dealers will welcome EV buyers with big discounts.

EV Price Index data shows that the average transaction price of EVs has declined by 1.1 percent over the past month, with small cars leading the way with a 4.5 percent decline compared to the previous month. After a surge in transaction prices last month, SUV prices are again on the decline with prices of small and medium SUVs falling by 1.7 and 1.2 per cent respectively. Large SUVs are proving popular, with transaction prices rising by just 0.8 per cent in the last month.

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2. Huge fall of 9.4 percent in prices since last year

The latest EV Price Index data shows we have recorded the biggest drop in average price year-on-year to date – down 9.4 per cent or £4,581 compared to the same month last year.

Two things are driving that decline: the increase in the number of more affordable EVs and the government’s electric car grant, offering a rebate of between £1,500 and £3,750 off the list price of an eligible electric car. Car manufacturers and dealers have seen increased interest in their EV models since the government’s announcement in the summer, with two cars now eligible for higher rate rebates – ford puma gen-e And Citroen e-C5 Aircross Long Range – and a total of 35 models get £1,500 off.

In addition to the official electric car grants, many carmakers without eligible vehicles have joined in on the fun with their own ‘grants’ and additional incentives. All have contributed to the huge decline in average prices we have seen year over year.

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3. This month’s top savings shows promotions are 30 percent off list price

It’s always interesting to look at car market dynamics through the EV Price Index as we see which carmakers are working hardest to move cars. This may fall short of the targets they have to achieve or build up stocks. It may also be that the UK is being seen as an easier place to move cars to keep factories running – slowing or stopping production could be far more costly to a carmaker than offering deep discounts.

This month’s biggest savings are on a great car jeep avenger – A car that was named European Car of the Year in 2023. This month’s EV Price Index revealed that the Jeep Avenger 115kW e-Summit is available with the biggest total incentive which is equivalent to a saving of 30.5% (£10,074) – bringing the price down to £23,925 or £240 per month on PCP.

Not surprisingly, this has helped Jeep top the carmakers’ table this month, offering the biggest total promotion across its entire EV range at 29 per cent, while perennial discounters Vauxhall are second with 28.1 per cent and GWM at 27.1 per cent. Even Tesla is getting in on the act with incentives worth 4.8 per cent or £2,500.

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4. Prices rise slightly as sales of used electric cars reach new high

Three times more people buy used cars than new cars in the UK each year, with battery electric vehicle consumption increasing by 44.4% and achieving a record 4.0% market share in the huge used car market.

The EV Price Index tracks a basket of the ten best-selling used electric vehicles that are widely available in the used car market. We compare similar cars every month to show how used EV prices are changing.

Last month, the average price of the cars we track increased by 0.9 per cent, or £157, reflecting growing interest in used electric vehicles. The popularity of Korean electric cars, especially in the used market, compounded that small increase with the price of a used Kia Niro EV – one of our favorite used EVs – rising 6.4 percent last month, with the Hyundai Kona EV up 3.9 percent and the Kia EV6 up 0.2 percent. One of our favorites, the MG 4, saw an average price increase of 4.3 percent, while used Tesla Model 3s prices remained stable with only a 0.02 percent increase.

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5. Electric car choice is still increasing month by month

EV price index data shows a further increase in the number of EVs on sale in the UK. There are now 124 EV models tracked in the EV Price Index – six more than last month. There are now 27 new all-electric models compared to this time last year, while when different battery sizes, motor options and trim levels are taken into account, there are a total of 1,069 electric car derivatives available to buyers – an increase of 15 per cent over 2024.

Notable new arrivals in the past month include excellent Geely EX5 as well as the other BYD, Act 2And Suzuki’s first all-electric model, the e-Vitara,

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6. Individual contract purchase prices decreased three percent month-on-month

According to EV Price Index research the average PCP monthly payment for electric cars is now £450 – down £14 or three per cent on last month. However, compared with the same month last year, the difference is more stark – £63 per month or 12.3 per cent less.

At 3.4%, the average electric car PCP APR is 2.9% lower than ICE counterparts, and 2.1% lower than the average APR for car manufacturers. If you want an interest-free deal on your electric car, there are now 22 carmakers offering interest-free PCP deals, which helps boost the monthly payment affordability of new EVs. The finance deposit contribution is another big incentive, with EV buyers able to save up to £11,750 per vehicle.

Some of the biggest movers on finance deals came from the more premium end of the market. Small cars remain the most affordable way into electric motoring, slipping to an average of £300 – a slight drop of £4, but enough to make them around 13% cheaper than last year. Family cars barely budged at £339 a month, while small SUVs posted another notable decline, down by £12 this month and more than 13% year-on-year as that segment continues to recover.

The medium SUV saw a month-on-month adjustment decline of £19, or 4.3%. But the biggest change came from prestige cars, which dropped by £41 – a huge 5.3% drop – even though they remained only marginally cheaper than a year earlier. Larger SUVs also softened slightly, falling by £8 or just over 1%.

don’t forget this Our guide to car finance Will help you navigate the finance options you face.

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Final Thoughts and Consumer Tips

View last month’s EV Price Index report here.