That makes it a good time to buy a used EV thenA few months ago the SMMT were telling us all how EV sales were driving the growth in the second-hand car market:
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Used car market electrifying as EV sales soar in second quarter - SMMT
UK used car market grows 4.1% in Q2 2023, with more than 1.8 million units changing hands. Sales of used battery electric vehicles (BEVs) soar by 81.8%, accounting for record 1.7% market...www.smmt.co.uk
What they didn't say was how much EV's were plummeting in value compared to ICE powered vehicles:
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December marks fourth consecutive month of decline for used car prices
Retail used vehicle values fell by 5.6% on a year-on-year and like-for-like basis last month to £17,064, according to Auto Trader’s Retail Price Index.www.fleetnews.co.uk
"Among fuel types, the average cost of a used electric vehicle (EV) was down 22.7% to £29,718 – continuing the trend of much larger falls than petrol (down 3.8% to £15,482 year-on-year) and diesel (falling 2.2% to £15,371)."
Cheers
Bruce