Do Electric Cars Hold Their Value?

Electric cars have generally lost value faster than petrol cars over the past few years, mainly because new EV prices fell, technology moved quickly and the used market was flooded with ex-company cars. That makes a used EV good value to buy. How well a particular EV holds its value depends mostly on battery health, range, charging speed and how in demand the model is.

Why have used electric car prices fallen?

• New car discounts. When manufacturers cut new EV prices, nearly new and used values have to follow.

• Lots of supply. Many EVs were bought as company cars and leased, so large numbers come onto the used market at the same age.

• Fast-moving technology. Newer models often have more range and faster charging, which makes older ones look less appealing.

• Buyer caution. Some used buyers still worry about battery life and charging, which keeps demand lower than for petrol equivalents.

Our article on why used electric car prices fell looks at this in more detail.

What helps an electric car keep its value?

• Battery health. A healthy battery is the single biggest factor. A battery health report makes a car easier to sell.

• Real-world range. Cars with more usable range are in higher demand.

• Rapid charging capability. Faster maximum charging speeds matter to buyers who do longer trips.

• A strong model reputation. Popular, well-reviewed models with good reliability records hold up better.

• Service history and software updates. EVs still need regular servicing, including brakes, coolant and cabin filters, and buyers like to see it documented.

• Condition. As with any car, tidy bodywork, good tyres and a clean interior make a difference.

Does road tax affect electric car values?

Electric cars have paid vehicle excise duty since April 2025, and higher-priced EVs can also attract the expensive car supplement. This has reduced one of the cost advantages EVs used to have, which buyers factor in. Our guide on whether electric cars pay road tax explains the current rules.

Is it a good time to buy a used electric car?

For buyers, lower used prices can make an EV good value, especially if you can charge at home. The key is to check the battery and make sure the range suits how you drive. Our guides to whether a used EV is worth buying and checking battery health go through what to look for.

Common questions

Do electric car batteries wear out?

Batteries gradually lose capacity with age and use, but most degrade slowly. Many manufacturers also give separate battery warranties that last longer than the main car warranty, often with a minimum capacity guarantee from the manufacturer. Check what applies to the car you are looking at.

Do hybrids hold their value better than electric cars?

In recent years many hybrids, particularly well-known self-charging models, have held their value well because demand for them is strong. It varies by model, so compare like with like.

Should I sell my electric car now or wait?

Values depend on the model and the wider market, so there is no single right time. Keeping the car serviced and having a recent battery health check can help when you do sell.

Buying or selling an electric car in Barnsley?

Browse our current stock, visit our EV hub, or get a figure for your current car through our sell or part exchange page. You can find us in Barnsley, South Yorkshire, or call our sales team on 01226 574410.

Updated October 2026.