Used EVs now cheaper than diesel alternatives

Report by DoneDeal Motors said the drop in pricing was making electric cars more accessible

Used electric cars are now 11.2% cheaper than comparable diesel cars and 12.7% cheaper than equivalent hybrid models.

Second-hand electric car prices are now more affordable than their equivalent diesel or hybrid alternatives, as the overall market sees price stabilisation after years of volatility, a new report shows.

The report, by DoneDeal Motors, shows demand for second-hand electric cars is up, with prices also increasing by 1% during January — the first positive monthly growth since the beginning of 2023 which indicates the used electric car market has stabilised compared with previous pricing declines.