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May 16, 2023

Used electric car prices plummet

Now could be a good time to snap up a used electric car as prices for second-hand vehicles fall sharply. Concerns about battery life, a lack of public charging points and high costs have dissuaded

Now could be a good time to snap up a used electric car as prices for second-hand vehicles fall sharply.

Concerns about battery life, a lack of public charging points and high costs have dissuaded many drivers from going electric. But an increase in the number of used electric cars on the market has made them more affordable, which has had a knock-on effect on sales.

Prices have dropped by more than a third in a year. “Electric vehicle prices have been artificially high for years because there have been so few second-hand ones around,” Stuart Masson from The Car Expert, an advice website, said. “But there are a lot more coming on to the market, meaning, inevitably, prices start to come down. For prospective