HONDA and Mazda are cutting prices of their compact all-electric SUVs with reductions of up to £5,000.

Mazda has announced its MX-30 BEV will now cost from £27,995 - a cut of some £2,000 - while Honda is reducing the price of its e:Ny1 from £44,995 to £39,995.

Higher grade Advance versions of the e:Ny1 will start from £42,195 while the MX-30 line up will now top out from £32,995.

Mazda has also cut the price of the MX-30 R-EV plug-in hybrid which now starts from £31,495 and is offered with a 5.9 per cent APR PCP with a £6,000 deposit contribution, plus for retail customers, a half-price home charger.

Regular MX-30 buyers qualify for a free home charger.

Jeremy Thomson, managing director of Mazda Motors UK, said: "Thanks to its compact battery, the Mazda MX-30 offers a tempting blend of an affordable price tag and engaging handling, which combined with its distinctive styling and class-leading interior quality makes it a uniquely attractive and premium proposition at this price point."

He added: "We've found that customers who choose an EV as a second car or a shorter range commuting car, find the MX-30 to be perfect, especially when combined with the convenience of a home charger."

Rebecca Adamson, head of automobile at Honda Motor Europe Limited (UK), said: "April marks an exciting milestone for Honda as we unveil our new approach for the e:Ny1.

"We are incredibly excited for the future of electric mobility and are proud to offer customers an exceptional blend of convenience and affordability. This new proposition reflects our commitment to innovation and sustainability, and we are confident that it will empower customers to ‘Go Electric' with enthusiasm."