More than half of dealers (53%) say that electric vehicles become much easier to sell when they are priced the same as petrol cars. May’s new Startline Used Car Tracker also shows that a third (32%) think that EVs have become generally easier to sell in 2024. Paul Burgess, CEO at Startline Motor Finance, said, “The large reductions in prices and values seen for EVs in the last year or so have … [Read more...]
EVs price fall expected as fleets change
Second hand electric cars and vans are expected to dramatically fall in price as businesses contracts roll-over. According to independent transport research group New Automotive, companies now run around 475,000 electric cars, and 200,000 plug-in hybrids, most of which will be held for 2-4 years before being resold into the second-hand market for 50% of the original value. Thanks to … [Read more...]
Used ev sales stabilize on demand and availability
Falling prices have fueled greater interest and resale of used electric cars, according to a new survey. Latest data from Auto Trader’s Retail Price Index show the recovery in used electric vehicle values has continued to gather pace in October due to the combination of increasing consumer demand for greener vehicles fuelled by attractive prices and a softening in the recent surge in supply of … [Read more...]
EVs are too expensive, drivers tell Go.Compare
A new survey from Go.Compare Car Insurance found that cost is the main barrier stopping drivers from getting an electric vehicle. In light of the government’s 2030 and 2035 EV targets, the comparison site asked motorists whether they were planning on buying an EV in the next five years. Over half of the respondents (57.9%) stated they weren’t thinking of making the switch to electric any time … [Read more...]
The shock of ev prices falling after Tesla cut
Over priced electric cars are seeing values collapse. Electric car drivers need to protect themselves from volatility in the used car market, following Tesla’s dramatic decision last week to slash the prices of its two best selling cars, the Model 3 and Model Y, by up to £8,000. Steve Tigar, CEO and Founder of loveelectric, said cuts on this scale could undermine the value of secondhand cars, … [Read more...]