Wouldn’t it would be great if you could buy a used car, run it for 12 months and 10,000 miles and then sell it on for a profit? Research by car valuation specialists cap hpi suggests that this can indeed be a reality – but only if you opt for an electric vehicle (EV). Cap hpi’s study looked at values of a selection of EVs for sale one year ago with 10,000 miles on the clock, and then compared them with the value of similar models listed today at two years old and having covered 20,000 miles. Rather than depreciating as you might expect, some EVs had actually increased in value to the tune of several hundred pounds. The Numbers Mee attributes the rising prices to a number of factors that include the rollout of clean air zones, cheaper running costs, an increase in the number of charging points and a wider range of vehicles from which to choose.
The figures follow data from the Society of Motor Manufacturers and Traders (SMMT) that shows sales of used EVs increased by 77% in 2017 compared with the previous year, tipping over 10,000 for the first time. Admittedly this is still small fry in a used car market that totalled 8.1 million vehicles sold, but the signs that interest in electric cars is gathering pace are clear to see. That is not of course to say that there aren’t still barriers, both real and perceived, to EV ownership. A study of almost 17,000 people carried out by the AA last July, for example, found key stumbling blocks included concerns over the length of time to charge an EV, limited driving range, high purchase price and the unsuitability of some dwellings for home charging points. According to AA president Edmund King, another point to be drawn from the findings was a generational difference in attitudes towards EVs: “Interestingly the younger the respondent, generally the least likely they were to be concerned about these issues, suggesting that new drivers are more open to EVs than ‘traditional’ drivers.” Regardless of how long you’ve been behind the wheel, it would appear that at least one of the concerns listed – anxiety over poor resale values – can now start to be ticked off the list. Top 3 most popular used EVs on CarGurus Nissan Leaf BMW i3 Renault Zoe If you are prepared to pay the extra fees you’ll enjoy a quiet and spacious little car that can cover around 70 to 100 miles from a full charge for an early version, or more than 150 miles if you opt for a later Z.E. 40 model. Find Used Cars in your area at CarGurus. Shopping for a new vehicle? The content above is for informational purposes only and should be independently verified. Images used are for illustration purposes only and may display options and accessories not mentioned in the article. The used electric cars going UP in value posted first on http://www.cargurus.com/blog/ via Blogger The used electric cars going UP in value
Comments
|
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
April 2018
Categories |