Used electric vehicles undercutting ICE models
Used electric vehicles are on average £1,800 cheaper than equivalent petrol and diesel models, according to the latest analysis from Big Motoring World.
It compared the prices of eight of the most popular two-year-old electric models with petrol and diesel variations and found electrics were on average £1,837 cheaper.
The biggest variation was for the BMW iX3, which was £8,854 less than the BMW X3, which equates to 22%. Meanwhile, the Volkswagen ID.3 averaged £2,813 cheaper than the Volkswagen Golf, and the MINI Electric Cooper was £1,444 below the sales prices of its petrol model.
Falling prices come alongside rising demand, with used electric sales at Big Motoring World increasing 79% in the last year.
Compelling reason
Steve Archer, group financial services director at Big Motoring World, said: “We are strong advocates for electrified mobility, and this latest analysis provides consumers with yet another compelling reason to make the switch.
“With the scale and variety of our EV inventory, we’re sure to have a vehicle to suit every customer, and we have EV-specific warranty and finance packages to give added reassurance.”
