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Falling used EV prices are stabilising once they reach price parity with petrol or diesel equivalents.
That's according to Indicata global business unit director Andy Shields, who presented data showing the trend at the March meeting of the Vehicle Remarketing Association (VRA).
He said: "This effect appears to have some relationship to the manufacturer's reputation for EVs. If it is good, they stabilise slightly above the ICE equivalent, if they have less of a track record, it stabilises slightly below.
"However, the key point seems to be that once prices of EV and ICE versions of a model are roughly the same, buyers start to support the electric version in sufficient numbers that the curve flattens out.
"Of course, whether this is a long-term effect remains to be seen but it appears to be holding true at this moment in time."
Other speakers at the event reported that demand for EVs had stabilised and was even increasing.
Arval UK head of B2B and partnerships Stuart Chamberlain said: "This year, it seems that we have seen much more of a market for EVs start to develop which, with the numbers that are going to start appearing on the used market increasing, is a very timely development."
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