Overview

• Marketcheck UK data show July used EV sales rose 192% in two years to 21,902, as forecourt stock jumped 149% to 54,720 vehicles.
• Average advertised used EV prices fell 19% since July 2023 to £22,547, a drop of more than £5,000 based on listings from 11,500 retailers.
• Cox Automotive reports two‑year‑old EVs now hold just 46% of original list price versus petrol at 64%, diesel at 65% and hybrids at 66%.
• Analysts tie the depreciation to oversupply, weaker private demand, manufacturer discounting and delayed EV launches.
• Recent UK tax changes — VED of £195 for newer EVs and an Expensive Car Supplement on models over £40,000 — and the 2035 hybrid extension are reshaping buying choices.