The increasing popularity of electric vehicles is filtering down to the used car market as the AA reports that used EV stock increased by more than 650 per cent in the last two years.
The figures come from the AA’s used car portal – AA Cars – and sees 642 per cent more EVs available in Q2 2016 compared to the same period in 2014. The figures for 2016 are up 66 per cent compared to 2015, while June 2016 also had the highest ever level of EV stock.
With increased availability and age, prices have been falling too. Since 2014, average EV listing prices have dropped 17 per cent across all manufacturers – from £16,603 in September 2014 to £13,751 as of last month.
Paul Yates, Managing Director of AA Cars, says: “The EV revolution is gripping the country – a fact which is born out by a surge of new and used electric cars and vans onto the market.
“The most common misconceptions about EVs are based around high purchase price and the availability of public charging points. As our own data indicates, used EVs are becoming far more affordable. Not only that but Chargemaster (which entered into a partnership with AA recently) is aiming to add a further 500 charge points to its 4,000-strong network in 2016 – thereby improving the practicality of electric vehicles for would-be EV drivers.
“National statistics suggest that 95 per cent of car journeys in Britain are under 25 miles, while a third of families have two or more cars, making electric vehicles an ideal option as a second car. And as old perceptions about the barriers to EV ownership start to dissipate, we expect this upward trend in used electric vehicle stock to continue.
“With a broadly priced range of models now available, there’s never been a better time to buy electric if you’ve ever considered a used EV.”