Used electric vehicle values to slip in 2026
Used electric vehicle values are expected to continue falling in 2026, according to the BVRLA’s latest Industry Outlook Report.
The survey found that 64% of companies surveyed said they thought residual values of electric vehicles will decrease further during 2026.
However, 77% believe petrol and diesel residual values will remain stable or improve in the next 12 months.
The BVRLA is now calling for new measures to support the used electric vehicle market market, including government grants, reduced benefit-in-kind-tax for used electric vehicles, and new steps to build confidence in battery health and charging.
Stability and certainty
Toby Poston, BVRLA chief executive, said: “Hardened by a series of shocks, our sector is more resilient than ever but desperately in search of some stability and certainty. The recent Budget delivered little of either.
“The rapid rate of decarbonisation being enforced through the ZEV Mandate is hurting everyone, with imbalanced incentives, patchy demand, plummeting residual values and a misguided new pay per mile tax clouding the horizon. Every positive step the government takes seems to be undermined by a bad decision elsewhere. And yet, industry leaders remain optimistic.
“History shows our sector can advance in the face of intense headwinds. Based on the findings of this report, we should plan for more of the same in 2026.”
