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Electric RV values catching up to conventional prices, says Glass's

Date: 16 March 2015   |   Author: Daniel Puddicombe

Electric vehicle residual value forecasts are moving closer to conventionally-powered vehicles as the market becomes used to the technology they contain, Glass's said.

The price guide said RV forecasts are broadly similar to diesel alternatives. Based three years/60,000 miles, its value is around 43%, which Glass's said is almost the same as a BMW M535D.

According to Glass's, the Vauxhall Ampera's figure of 27.58% isn't far off an Insignia's value, while the BMW i3's value is at 39.11% compared to a 320D's 43.46%.

Electric RV values have been boosted thanks to Nissan's announcement that a battery pack for its Leaf would cost ?5000 (£3500), according to Rupert Pontin, head of valuations at Glass's: "RVs of the Leaf are among the poorest of the EVs at around 29% at thee years 60,000 miles because there are quite a number around."

"However, removing the mystery surrounding the battery pack pricing took away a large degree of uncertainty from forecasting its RVs. While 5000 euros is expensive, it is something that can be planned into a budget when you are making an RV forecast," said Pontin.