Demand drives used values for EVs

Demand drives used values for EVs

Demand for small used electric vehicles is soaring with some models rising in value. Experts at cap hpi say some owners could buy an electric car, run it for 12 months and make a profit on it when sold.

A combination of factors including the rollout of clean air zones, cheaper running costs, increased charging points, incentives to drive and wider availability from manufacturers has helped pique interest in EVs.

Three models rising in value: Nissan Leaf, Renault Zoe and Mitsubishi I-MIEV.

Chris Plumb, electric vehicle expert at cap hpi, commented, 'New sales of electric vehicles continue to gain market share and their popularity is building for buyers of used cars. Some of the smaller models make an attractive used buy with a low purchase price and running costs. Additionally, many towns and cities offer incentives for drivers of electric vehicles such as free charging points and parking.'

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May/Jun 2020
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