Marketcheck UK Data Shows Plateau in Average Price of Sold Used EVs at End of 2024 and into 2025

Are you in the market for a used electric vehicle (EV) in the UK? If so, you may want to pay attention to the latest statistics published by Marketcheck, the UK’s most significant source of data on the UK used car market. According to their recent findings, the average price of a sold used EV plateaued at the end of 2024 and into 2025.

Between May 2023 and June 2024, the average last listed price of a used EV fell by £6063.40. Starting at £30,441 in May 2023, the average price dropped to £24,377.60 by June 2024. The average continued to decline in July 2024, reaching £23,782.58. However, from July 2024 onwards, the average last listed price ranged from a low of £23,782.58 to a high of £25,029.97 in December 2024. This indicates a stabilization in the market value of used EVs.

Looking at the data by fiscal quarters, the average last listed price in 2023 (excluding the first quarter) was £28,843.61. By 2024, this figure fell by almost 14% to £24,839.93. The price per quarter ranged from £27,776.33 to £29,978.50 in 2023, while in 2024, it ranged from £25,844.33 to £24,059.18.

Alastair Campbell from Marketcheck UK commented on the findings, stating, “Our data have revealed a significant drop in the price of a used EV prior to July 2024. It now appears that may be over as the market value has stabilized.” Marketcheck will continue to monitor and analyze any emerging trends in the UK used car market.

If you’re considering purchasing a used EV in the UK, now might be a good time to start your search. Keep an eye on Marketcheck for further updates and insights into the market trends. Stay informed and make a smart decision when it comes to buying your next electric vehicle.