The UK is poised to witness a significant reduction in electric car prices in 2024, according to an analysis by online vehicle marketplace Auto Trader. The anticipated price war is attributed to the entry of Chinese electric car manufacturers into the UK market, with brands like BYD and GWM expected to play a substantial role in transforming the electric vehicle (EV) sector. Market Transformation: Auto Trader predicts a fierce price war in the electric car market, driven by the market entry of Chinese manufacturers. Chinese electric cars are anticipated to capture a significant share, approximately one-sixth, of the UK’s new…