NEVs outperform petrol and diesel
Electric, hybrid and plug-in hyrids are the country’s least depreciating models, outperforming petrols and diesels.
This is according to research by the UK’s new car buying platform, What Car?.
It found electrified vehicles retain 47% of their value on average after three years and 30,000 miles, while petrol models were found to retain 43% and diesels 40%. Together with valuations specialist cap hpi, What Car? analysed more than 7,000 different makes, models and trim configurations, to name Britain’s least and worst depreciating cars, with an overall retained value industry average of 42.1% across all makes and models.
Steve Huntingford, editor of What Car? said, ‘When the first electric and hybrid cars arrived, they suffered from heavy depreciation. But with the technology now becoming mainstream, buyers are starting to see far better residuals, which will no doubt boost sales further.’
