Electric car prices to fall further in 2026
The majority of dealerships are predicting that electric car prices will fall further this year.
According to the latest Startline Used Car Tracker, 52% of 61 dealers questioned expect values of electric cars to fall during 2026.
Nearly half (49%) believe consumer demand isn’t high enough to support current values, while 42% suggest there aren’t enough benefits for consumers to choose an electric car and 39% believe hybrids are viewed as a stepping stone to going electric.
Further, 36% report that stock supply is rising too quickly and 24% that electric cars are still too expensive at current prices.
Further to fall
Paul Burgess, CEO at Startline Motor Finance, said: “Electric car prices and values are already generally below petrol equivalents but these findings show that the majority of dealers believe they have further still to fall.
“Supply of these vehicles is increasing quite quickly and while consumer enthusiasm is also increasing, there’s a widespread feeling among dealers that a negative imbalance exists which will further drive down prices and values.
“This is bad news for anyone bearing the depreciation on a new electric car but good news for those buying a used one. There are some very real bargains in the market at the moment and, if our research is correct, there could be even bigger ones as the year progresses.”
He concluded:
“It’s clear dealers believe that electric car prices and values will start to stabilise, and many believe this will happen relatively quickly. However, they still largely foresee much more turbulence in the shorter term.”
