Used EV Prices Plummet to Record Low of £22,805: What It Means for Buyers

Electric vehicle charging with blue energy swirl, showcasing used EV prices record low.

Record Low Prices for Used Electric Vehicles in the UK

June 2025 marked a significant milestone in the automotive market as the average price for used electric vehicles (EVs) dropped to £22,805. This price point represents the lowest average recorded, down from £24,352 in January 2025. As a reflection of a healthy market, it appears that electric vehicles are on their way to becoming more popular and accessible.

Growing Sales Numbers Indicate Market Strength

In June alone, 20,081 used EVs were sold, making it the second-highest month for sales following March 2025 with 20,882 units. This surge in sales, despite the falling prices, suggests a robust interest in electric vehicles among UK buyers. According to Alastair Campbell from Marketcheck, this trend signals the growing desirability of used EVs. He stated, “This combination of falling prices and high volumes signifies that used EVs are becoming more accessible and desirable to UK buyers.”

Consumer Insights: Why Price Reductions Matter

The decline in prices is crucial for various reasons. Firstly, it allows consumers to explore EV ownership without the high upfront costs typically associated with buying new models. Additionally, this price reduction aligns with the increasing availability of electric vehicles as they become a mainstream choice. The more attractive pricing could bring in new buyers who may have previously hesitated to consider EVs due to cost concerns.

Looking Ahead: The Future of Used EV Prices

As electric vehicles continue to gain traction, we can expect these trends to persist. The blend of high sales volumes and decreasing average prices suggests that the market will remain competitive. As technology improves and more individuals shift to sustainable vehicles, the prices are likely to stabilize or experience modest reductions, creating more opportunities for consumers.

With the car market evolving rapidly, aspiring EV owners can take advantage of these trends to make an informed purchase. Keep an eye on these prices as it demonstrates where the electric vehicle market is headed in the coming years.

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