Used electric vehicle prices see a 0.7% rise, hinting at growing market confidence and demand.

Used electric vehicle (EV) prices are recovering, with a 0.7% increase in retail prices between late November 2024 and early January 2025, according to Indicata UK. This recovery is supported by growing price parity with internal combustion engine vehicles, boosting dealer confidence. As new fully electric cars now account for 19.6% of the market and used EVs 10%, this trend is expected to increase demand for used EVs.