Increased consumer interest helps used electric vehicle values rise 7% says Cap HPI

Increased interest in electric vehicles has helped used values increase by 7% this year, says Cap HPI.

Chris Plumb, a motoring expert from HPI, said: “Interestingly it appears to be the range extender models which is driving the recent strong performance as values of pure electric have struggled of late.

"The BMW i3 is a popular choice and is a great second-hand buy. It brings a good level of specification and badge prestige.

“The optional range extender can increase the range of the BMW i3 in comfort Mode from up to 125 miles to a total of 206 miles. The small, rear-mounted, quiet two-cylinder petrol engine powers a generator that maintains the charge of the battery at a constant level, so that the BMW i3 can continue to drive electrical.”

The Nissan Leaf with the 30KWh power train is attracting higher used values than the 24kWh as it has a larger range, with an NEDC range of up to 124 miles (Leaf 24kWh) or up to 155 miles (LEAF 30kWh).

Demand for petrol hybrid used vehicles remains high. Used values bucked market trends in June and prices strengthened overall, moving up by an average of 0.2% at three years 60,000 miles.

Certain derivatives performed particularly well such as the Toyota Prius (12-17) Plug-In which increased by 3.9%, Lexus RX (12-16) Hybrid which saw values rise by 2% as too did the Prius+ (12- ) Hybrid.