Error parsing XSLT file: \xslt\FacebookOpenGraph.xslt Used EV prices rising, cap hpi says
Cookies on Businesscar

We use cookies to ensure that we give you the best experience on our website. If you continue without changing your settings, we will assume that you are happy to receive all cookies on the Business Car website. However, if you would like to, you can change your cookies at any time

BusinessCar magazine website email Awards mobile

The start point for the best source of fleet information

Used EV prices rising, cap hpi says

Date: 30 January 2018   |   Author: Sean Keywood

Strong demand for electric vehicles (EVs) is causing some second-hand examples to increase in value.

Analysis by cap hpi found that a one-year-old car could be run for 12 months and 10,000 miles and then sold for more than its purchase price.

Examples include a Peugeot Ion appreciating on average by 8.6%, adding £425 to its value, a Vauxhall Ampera appreciating on average by 5.3%, or £725, and the most popular EV on the market, the Nissan Leaf, appreciating by an average of 4%, or £456.

A combination of factors is said to be driving interest in EVs, including the rollout of clean air zones, cheaper running costs, more charging points, incentives to drive and wider availability from manufacturers.

Hybrids are also appreciating, with the Toyota Yaris increasing in value by an average of 2.6%, or £292, and the Lexus GS Hybrid achieving an average appreciation of 0.7%, or £178.

Chris Plumb, Black Book editor at cap hpi, said: "Sales continue to soar in the EV market as drivers have weighed up the benefits of ownership such as greatly reduced motoring costs and other incentives around driving an alternative to petrol or diesel.

"Our latest analysis shows that drivers who buy the right EV can still make money on a sale after running it for a year and adding 10,000 miles.

"This will be a major factor in persuading more drivers to go down the EV road. EVs and plug-in hybrids provide a good balance between range and efficiency plus the economic benefits for motorists can be enormous, offering big savings on fuel and tax costs as well as much lower maintenance costs."



Share


Subscribe