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Some used EV prices are now showing signs of being on par with their petrol or diesel equivalents, according to Aston Barclay.
Publishing used car market data for Q2, the auction firm said this price parity would make choosing an EV more straightforward for consumers.
It also said some stability was returning to the used EV market, with average prices falling during the quarter by 1.4%.
According to Aston Barclay, the used fuel type which saw the biggest price fall was hybrids, down by 5.6%, which the company attributed to more drivers switching straight from ICE to electric without using hybrids as a stopgap.
In addition, the firm said that a trend for buyers to avoid cars that needed significant refurbishment was benefitting fleets, with average ex-fleet car prices falling by just £61 during Q2, despite the average age and mileage of the vehicles rising, by one month to 42.2 months and by 2,421 miles to 37,395 miles respectively.
Aston Barclay director of sales Nick Thompson said: "We have seen used EV prices stabilise in Q2. What is significant is that dealers are reporting that some used EVs and equivalent model ICE cars are reaching price parity, which will mean a used EV should appear on more driver shortlists when replacing their next used car.
"The next challenge for the market is the lack of appetite from buyers to purchase used cars in need of major repairs. This will require vendors to revisit their reserve prices or refurb the used car before it goes under the hammer."
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