Used Electric Cars Appreciating In Value As Demand For EVs Increases

Read The Full Article On: Renewableenergymagazine

Used electric cars are bucking industry trends by appreciating – rather than depreciating – in value, according to research by the UK automotive shopping site, CarGurus.

Every day, CarGurus analyses millions of data points on hundreds of thousands of UK used car listings to calculate each car’s Instant Market Value (IMV) or fair retail price. Using this data, CarGurus examined prices for the four most searched-for EVs on – the BMW i3, Nissan Leaf, Renault Zoe and Tesla Model S – since the start of 2017. The results showed that prices either rose or remained level for months at a time, and in all cases far outperformed the most searched-for petrol and diesel equivalents listed on over the same period.

Read The Full Article On: Renewableenergymagazine

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