Written by: EVBuyer
Category: EVBUYERS GUIDE

Used EV Values Key Information at a Glance

This section compiles the most critical data upfront: best-selling EVs over the last five years, used EV values and depreciation, the top five used EV values to buy now, and the five to approach cautiously.

Understanding used EV values is crucial for potential buyers to make informed decisions.

1. Best-Selling EVs in the UK (Last 5 Years)

Below is an approximate snapshot of the UK’s most popular battery electric vehicles (BEVs) over the last five years, listing their indicative new prices and typical 5-year depreciation. While data focused initially on 2021–2023, the trends have held broadly true since around 2018.

Charging at Tesla Leeds

Model	Approx. 5-Year Sales (UK)	Indicative New Price Range (£)	5-Year Depreciation (%)
Tesla Model 3	~150,000+	38,000–50,000	~40%
Nissan Leaf (all)	~120,000+	25,000–32,000	~45%
Tesla Model Y	~90,000+	45,000–55,000	~37%
Kia e-Niro / Niro EV	~50,000+	32,000–38,000	~35%
Renault Zoe	~60,000+	25,000–30,000 (by battery size)	~50%
Volkswagen ID.3	~40,000+	32,000–39,000	~37%
Hyundai Kona Electric	~35,000+	29,000–37,000	~38%
MG ZS EV	~30,000+	23,000–30,000	~40%
Audi e-tron	~25,000+	60,000–70,000+	~42%
Vauxhall Corsa-e	~25,000+	28,000–34,000	~33%
Jaguar I-Pace	~25,000+	65,000–75,000+	~50%
Mini Electric (Cooper SE)	~20,000+	27,000–34,000	~35%
Peugeot e-208	~20,000+	27,000–33,000	~36%
Porsche Taycan	~20,000+	72,000–140,000+	~45%
Hyundai Ioniq Electric	~20,000+	28,000–32,000	~38%
Mercedes-Benz EQC	~20,000+	65,000–70,000+	~45%
Volkswagen ID.4	~18,000+	38,000–50,000	~36%
Polestar 2	~18,000+	40,000–50,000	~35%
Skoda Enyaq iV	~15,000+	35,000–45,000	~33%
Ford Mustang Mach-E	~15,000+	43,000–65,000	~38%
BMW i3 (final years)	~15,000+	34,000–40,000	~40%

Notes:

Figures vary by trim, battery size, and year. Data from SMMT reports, manufacturer info, and industry estimates.

5-Year Depreciation is approximate; real-world values depend on market conditions and battery health.

Premium EVs (e.g., Jaguar I-Pace, Porsche Taycan) often match the depreciation curves of high-end ICE cars.

2. Top 5 Used EVs to Buy Right Now

Looking for value, reliability, solid range, and decent warranty support? These five typically fit the bill:

Kia e-Niro (2019+)
- Why: ~250+ miles WLTP, small SUV practicality, 7-year Kia warranty if within mileage/age limits.
- Price: ~£18,000–£28,000.
Hyundai Kona Electric (64 kWh)
- Why: Renowned for real-world range (~260 miles), 5-year vehicle warranty + 8-year battery coverage.
- Price: ~£17,000–£26,000.
Tesla Model 3 (2019–2020)
- Why: Tesla Supercharger access, solid performance, ~~220–300 miles range, and initial depreciation now making them more affordable (~~£24k+).
- Price: ~£24,000–£30,000.
Nissan Leaf (40 kWh / 62 kWh)
- Why: Proven reliability, wide availability, 40 kWh good for ~140 miles, 62 kWh can exceed 200. Easy maintenance, strong track record.
- Price: ~£12,000–£22,000.
BMW i3 (94 Ah or 120 Ah, 2017–2021)
- Why: Quirky premium interior, fun handling, 120–160 miles real-world range on later batteries, possible 8-year battery warranty.
- Price: ~£10,000–£20,000.

3. 5 Used EVs to Approach with Caution

They’re not necessarily “bad,” but each has quirks—steep depreciation, weak winter range, costly fixes, or lease complications. Tread carefully:

Jaguar I-Pace (2018–2019)
- Issue: Early software glitches, big depreciation, expensive out-of-warranty repairs. Later models (2020+) improved.
Nissan Leaf (24 kWh, pre-2016)
- Issue: Limited winter range (~70 miles), older battery tech. Consider the 30 kWh or newer for better longevity.
Renault Zoe (Battery Lease)
- Issue: Monthly battery rental fees can complicate ownership/resale. Range decent (~100–150 miles) but overshadowed by the lease.
Tesla Model S (2014–2016)
- Issue: Some older 85 kWh packs face capacity fade; out-of-warranty repair costs can be steep. Post-2016 (100D/Raven) are generally safer bets.
BMW i3 (60 Ah, pre-2017)
- Issue: Real-world range ~80 miles. The Range Extender (REx) variant adds mechanical complexity. Later 94 Ah/120 Ah versions are far more practical.

The Rest of the Article

Below, we’ll dive deeper into the UK used EV market—how it started, why prices fell, battery technology nuances, upcoming EVs (including Chinese brands), plus long-term ownership costs.

Introduction: Navigating a Rapidly Evolving Market

Over the last five to seven years, the UK used electric vehicle (EV) market has shifted from niche curio to a buyer’s paradise. When EVs like the original Nissan Leaf or Tesla Model S debuted, limited supply and strong demand meant second-hand prices were sky-high—some nearly-new Teslas even sold at or above the new MSRP.

Today, a wave of new entrants, manufacturer price wars, and constant battery advancements have drastically altered the resale landscape. The upside? Buyers now enjoy a wider range of models and lower entry prices, but also face more complexity choosing the right EV. This comprehensive guide helps you:

See where the bargains (and pitfalls) lie in used EVs.
Understand why some EVs depreciate faster than others.
Prepare for near-future developments, including new Chinese brands and the 2035 petrol/diesel ban.

1. Tesla: The Company That Kickstarted EV Hype

1.1 From Exclusive to More Accessible

Model S & X (Mid-2010s): Short supply and futuristic appeal made early Teslas status symbols, propping up used values.
Model 3 Arrival (2019): Waitlists were so long that used Model 3s sometimes sold for near-new prices. Tesla’s brand mystique grew.
Technology & Buzz: Over-the-air updates, strong performance, and Elon Musk’s celebrity fueled a cult following.

1.2 Price Cuts, Image Shifts & Rivalry

Repeated Reductions (2023): Tesla slashed prices on Models 3, Y, S, and X—up to 15–20%. This forced near-new sellers to drop prices drastically.
Controversies: Musk’s public persona alienated some eco-conscious buyers, turning them to Polestar, Ford Mustang Mach-E, etc.
Effect on Resale: A 3-year-old Model 3 that might have fetched £30k+ now often sells for ~£24k–£27k.

1.3 Tesla Battery Support

Longevity: Later packs (Model 3, Model Y) often retain 80–90% capacity after 100k miles. Older Model S 85 kWh had mixed experiences.
Warranty Nuances: Tesla’s used or CPO warranties vary by model year and mileage—always check details.
Service Costs: Out-of-warranty repairs can be pricey, so factor this into any used Tesla purchase.

2. Why Used EV Prices Fell So Quickly

Overproduction & Early Fleet Returns: Those who bought EVs in 2018–2020 are upgrading, flooding the second-hand market.
Rapid Tech Evolution: Models with bigger batteries and improved features overshadow older equivalents (e.g., Leaf 62 kWh vs. 24 kWh).
Price Wars: Tesla’s cuts forced other automakers (Ford, VW, Hyundai) to reduce new EV prices, pulling down second-hand values.
Reduced Incentives: The end of the UK Plug-In Car Grant removed an artificial floor that once kept prices higher.
Consumer Skepticism: Persistent myths about battery degradation or expensive repairs make some buyers hesitant, thereby lowering demand (and prices).

Key Takeaway: It’s largely a buyer’s market for older or less capable EVs, though certain well-specced models still hold decent value.

3. Battery & Model Variations: When to Be Cautious

Not all older EVs are problematic. Some are major bargains, but do watch out for:

EV Factor	Why It Matters
Battery Lease	Renault Zoe, older Smart ED often had separate battery rentals. Ongoing fees.
Thermal Management	Vehicles without liquid cooling (early Leaf) can see faster battery degradation.
Software Updates	Jaguar I-Pace, VW ID.3, Tesla older models rely on OTA or dealer updates—missing updates can harm performance or reliability.
Warranty Transfer	Kia’s 7-year coverage, Hyundai’s 8-year battery warranties, and Tesla’s policies can vary by second/third ownership.

4. Sub-£10k EV Deals & Hidden Costs

For those on a tighter budget, used EVs under £10k are no longer rare. However:

Battery Health: A 2018 Leaf with 60k miles could still be healthier than a 2020 Leaf with 100k miles if well-maintained.
Charging Standards: Older Leafs rely on CHAdeMO, which is less common than CCS.
Service Records: Confirm recall status—especially battery or motor-related TSBs.

Do your homework and you can land a reliable commuter EV for less than the cost of many second-hand petrol cars.

5. Tech & Market Forces Impacting Depreciation

5.1 Ongoing Tesla Adjustments

Each time Tesla adjusts pricing, it ripples across the entire used EV ecosystem.

5.2 Better Battery Tech

Volkswagen’s MEB platform, Hyundai’s E-GMP, and rumored Tesla Model 2 could overshadow older models.

5.3 Chinese Automakers

BYD: Strong battery manufacturing background; offers budget-friendly specs.
NIO: Battery swapping might solve range anxiety.
MG (SAIC): MG4 and MG5 have garnered attention for affordability and practicality.

Conclusion: More competition typically means bigger discounts on used EVs.

6. Future Outlook: Will Used EV Prices Keep Dropping?

Short-Term Declines: With each tech leap, older EVs lose ground. Recent price cuts have accelerated the trend.
Medium-Term Factors: The 2035 ICE ban and improved battery certification may support prices for solid, mid-range EVs (150+ miles).
Long-Term Picture: As EV adoption becomes universal, well-maintained used EVs with decent range could see stable or even rising demand.

Evaluating used EV values can significantly affect your purchasing power and choices.

7. Ownership Costs & Charging

Home vs. Public Charging: Public rates can be 2–3x higher than off-peak home tariffs.
Maintenance: EVs have fewer wear-and-tear parts. Tire rotations, brake fluid checks, cabin filter replacements are typical.
Insurance: Some insurers charge more for EV batteries, so compare quotes.
Resale: If you plan to sell again in a few years, factor in how quickly new EV tech might outdate your purchase.

With the fluctuating used EV values, it’s essential to know what to expect when entering the market.

8. Where to Find Used EV Deals

Keep an eye on used EV values to avoid overpaying for second-hand vehicles.

EVBuyer.com: EV-focused listings, often with battery health specifics.
AutoTrader: Largest aggregator for quick price comparisons.
Motorpoint: Known to discount EVs after facing stock surpluses.
Cazoo & Cinch: Online-only, typically including short warranties or returns windows.

Pitfalls:

Paying extra for “rare specs” on older cars
Overlooking battery state-of-health
Ignoring charge speed (some older EVs max at 50 kW DC)

9. Frequently Asked Questions

Are used EV values still falling?
Yes—due to tech leaps, Tesla’s price cuts, and more used supply.
Is buying a second-hand EV worth it?
Often, yes, for daily commutes and cost savings. Confirm battery capacity and range fit your needs.
Is there a strong used EV market in the UK?
Absolutely. Fleet turnover and consumer interest have greatly expanded second-hand EV options.
What’s the cheapest used electric car?
High-mile Leaf (24 kWh) or older Zoe under £5k—but watch for battery lease or heavy degradation.
Which used electric cars are worst to buy?
“Worst” depends on your priorities, but older I-Pace, early Leaf (24 kWh), battery-lease Zoe, first-gen Model S, or 60 Ah i3 can be risky.
Will used EV prices keep dropping?
Probably in the near term. However, demand may stabilize or climb as the 2035 ICE ban approaches.
Is a Jaguar I-Pace automatically bad?
Not if it’s a later build (post-2020) or has a valid warranty. Early depreciation can work in your favor if you research thoroughly.

10. A Glimpse Ahead: The Future of EV’s

Solid-State Batteries: Potential for faster charging, higher density—older EVs may depreciate more if overshadowed.
Performance & Luxury: Models like Taycan or Model S Plaid can face typical “premium brand” depreciation but also get snapped up by enthusiasts.
Sustainability Focus: Low/zero-emission zones might nudge drivers to used EVs, boosting values for those with acceptable range and battery health.

As the used EV market grows, knowing used EV values will become increasingly important.

11. Conclusion: Making the Most of This Shifting Market

The UK used EV market is no longer a small club of early adopters. Rapid depreciation can feel like a downside to sellers, but for buyers, it’s a chance to snag previously high-priced EVs at relatively affordable rates—provided you do your due diligence.

Market insights into used EV values will help you navigate negotiations.

Look for newer battery packs (40 kWh+ Leaf, 64 kWh Kona, Tesla Model 3 SR+ or LR) if range matters.
Check battery leases (Zoe), extended warranties (Kia/Hyundai), and SoH reports for older EVs.
Plan for ongoing innovations—Chinese EV competition, Tesla’s rumoured Model 2, and the 2035 ICE ban can all further shape the used market.

Ultimately, if you verify battery condition, confirm remaining warranty, and match your range needs, a used EV can offer cost-effective ownership and low running costs. With the 2035 ban looming, the second-hand EV segment will only grow in importance. Thanks to this guide, you’re now armed with the knowledge to choose wisely—and snag a bargain that fits both your budget and lifestyle.

References & Further Reading

Society of Motor Manufacturers and Traders (SMMT): SMMT Data
Tesla UK: Official Used Tesla Inventory
AutoTrader: Electric Car Marketplace
EVBuyer.com: Specialist EV Listings

All data is approximate and for general guidance only. Always cross-check with reputable dealers or official sources for the most current, vehicle-specific information.

Awareness of the latest trends in used EV values can guide your selections.

Tracking used EV values can enhance your bargaining position when negotiating prices.

Utilising resources to track changes in used EV values is vital for making sound investments. Use this popular plugin to check the values on Autotrader.

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UK Used EV Values: The Most In-Depth Guide on the Web