Used small EV demand and value increase

Demand for small, used electric vehicles (EVs) is growing, with some models rising in value.

Cap hpi has put this down to a combination of factors, including the roll out of clean air zones, cheaper running costs and increased charging points, incentives to drive and wider availability from manufacturers.

Three models in particular have risen in value.

The Nissan Leaf, which is one of the longest serving EVs on the market, can now be found used from around £7,500, which hpi says offers good value for money for anyone looking to enter the world of electric vehicles.

The Renault Zoe is an option for those looking for a battery leased vehicle much cheaper. However, the 100% owned vehicles hold their price but tend to be very rare.

Finally the Mitsubishi I-MIEV offers value for money if you are looking to enter the world of EV’s or looking for a cheap second car to run. The manufacturers states it can do around 92 miles on a charge they are ideal for driving to the station or popping to shops.

These cars cost approximately between £1.50 to £2.50 to charge, dependent on rate, and there are some running cost savings to be had. Used prices start around the £5000 mark.

Chris Plumb, electric vehicle expert at cap hpi, said: “New sales of electric vehicles continue to gain market share and their popularity is building for buyers of used cars.

“Some of the smaller models make an attractive used buy with a low purchase price and running costs.

“Additionally, many towns and cities offer incentives for drivers of electric vehicles such as free charging points and parking.”