Used Electric Vehicles Outperform Petrol and Diesel Cars in Pricing

Saturday, 10 August 2024, 06:00

Recent market analysis reveals that used electric vehicles (EVs) have become significantly cheaper than traditional petrol and diesel vehicles. According to Cap Hpi, average retail prices for EVs are now 8.5% lower than those for petrol cars at three years old. This price gap is expected to widen, with EV prices becoming nearly double those of petrol cars by the four-year mark. As the automotive market shifts, this trend highlights the growing affordability and appeal of electric vehicles.
Daily Mail
Used Electric Vehicles Outperform Petrol and Diesel Cars in Pricing

Market Overview

Research indicates that used electric vehicles are becoming more affordable compared to their petrol and diesel counterparts.

Current Pricing Trends

  • 8.5% cheaper than petrol cars at three years old.
  • This gap is expected to increase to almost double the price difference by year four.

Conclusion

The shift in pricing trends showcases a significant transition in the automotive market, encouraging more consumers to consider electric vehicles as a viable and economical option.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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