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EVs were the fastest-selling used cars in July, but stock shortages are set to push up prices, according to analyst Indicata.
It said that a limited supply of used EVs was entering the market, due to leasing fleets continuing to extend contracts, rental companies retaining rather than de-fleeting their stock, and dealers retaining part exchanges.
Indicata UK group sales director Jon Mitchell said: "Used EVs have been in high demand during the summer months which is likely to leave the market with a supply shortage. The pent-up demand will push prices up even further.
"The danger is that second hand EVs will begin to compete with the growing number of cheaper new EVs coming into the market. That will leave retail buyers with a decision on whether to buy a new EV or used EV."
Overall, Indicata said used car stock levels were down by 3% between 1 July and 1 August, which contributed to sales falling by 10% in the first seven months of 2022 compared with 2021.
Sales were also down by 6.4% on the same period in 2019, the last pre-Covid year.
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