Second-hand Electric Value warning

An electric car between one and two years old is £6,000 more expensive over the same period than one with an internal combustion engine, according to the research, while a two-year-old electric car will sting buyers to the tune of £4,000.

Sunday Times – Driving – April 2021
Nearly-new electric cars cost more to run than petrol and diesel
Best to avoid Second-hand cars under 3 years old

“Nearly new” used EVs work out more expensive due to three things: they miss out on the government plug-in car grant of £2,500; they often don’t receive manufacturer incentives, such as a deposit contribution; and monthly finance deals often have a higher APR because they are not supported by the brand and their finance broker.

Sunday Times – Driving – April 2021

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