Some electric car owners have seen the value of their vehicles plummet in value by thousands of pounds already this year as demand for second-hand battery models continues to crash.
Exclusive figures shared with This is Money show that all 20 second-hand cars that have deflated most significantly in price since the start of the year across all fuel types are EVs – while not a single one appears in the list of the 20 biggest value risers in the first half of 2023.
It means some second-hand EVs are now cheaper to buy than their petrol equivalents – bad news for those who paid through the nose for a new one but great for drivers wanting an affordable way into electric car ownership.
Here’s the countdown of the biggest price fallers so far this year – as we ask experts to explain why used electric car values are nosediving at such an alarming rate.
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