Why now is the perfect time to buy a used EV
Wednesday 8th January 2025
Research from Novuna Vehicle Solutions, one of the UK’s biggest fleet operators, reveals there has never been a better time for motorists to get behind the wheel of a second-hand EV.
The increasing number of new EVs on the road, fuelled by attractive incentives for fleet and salary sacrifice drivers, has led to a surge in the supply of quality used EVs, with prices falling faster and further than equivalent petrol cars. This provides private buyers with the ideal opportunity to also make the switch and enjoy both cheaper and cleaner driving.
Theresa Lindsay, Marketing Director at Novuna, said:
“It’s time to bust some of the myths associated with EVs and ensure drivers don’t miss out. The reality is used EVs are often cheaper, and running costs significantly lower than petrol versions and with a growing charging network, there’s never been a better time for second-hand car buyers to go electric. It’s cheaper, cleaner, and hassle-free".
With low-interest car finance options for used EVs, Novuna highlights five key reasons why now is the perfect time to switch to electric, busting some of the myths associated with EVs.
An Affordable, Practical Choice
1. Cost to Purchase
Used EVs are more affordable than petrol models. A 2021 Vauxhall Corsa-e costs £11,889, compared to £13,449 for a petrol Corsa. Four year old cars are 14% cheaper.
2. Running Costs
Charging at home costs around 3p per mile, compared to 18.34p per mile for petrol. With ranges of 150-200 miles, most daily commutes are covered.
3. Charging Infrastructure
The UK has over 70,000 charge points, with 80% of drivers within 20 minutes of one.
4. Battery Life
EV batteries retain 90% capacity after five years. They can last over 150,000 miles.
5. Maintenance
With 90% fewer parts, EVs have fewer breakdowns and lower servicing costs, making them cheaper to maintain.