13:37 14-01-2026

Used EV prices in the UK hit record lows as supply surges

The British motorists’ association has examined the used-car market and found that prices for the most popular electric models have fallen to record levels over the past year—by up to 28%.

Among the biggest movers, Japan’s compact hatchback Nissan Leaf shed a full 28% from its initial market value. Close behind were France’s Renault Zoe, down 18%, and the American Tesla Model 3, off roughly 17%.

The main reason cited for such a sharp drop is a surge in supply on the second-hand market combined with the UK authorities’ push to stimulate demand for new EVs through substantial discounts and preferential purchase terms. That mix is rapidly resetting used values.

Technological ageing also plays a role, particularly with first-generation EV systems and batteries. For example, the second-generation Nissan Leaf is losing appeal because of its limited range and dated battery packs. Although the newly released third generation offers significantly improved specifications, its staying power in the market remains uncertain.

Hybrids, however, are showing the opposite pattern. Britain’s best-selling compact hybrid, the Toyota Yaris, unexpectedly posted a 3.7% increase in value over the past year, likely thanks to steady demand and manufacturer support. For buyers, these shifts make recent used EVs look tempting, as long as their range fits everyday needs.