Interest in hybrids and EVs surges
Strong residual values continues to boost the appeal of alternatively fuelled vehicles
Consumer interest in alternatively fuelled vehicles is soaring, a new report has revealed.
The study, by vehicle history checking company HPI, highlighted that alternatively fuelled vehicles captured a record market share of 4.4 percent in June.
Last month, 10,700 AFVs were registered for road use – meaning more than 60,000 have taken to the road this year.
Additionally, due to the rise in interest and new sales, used values for AFVs have increased by seven percent this year.
The most depreciation-proof of the alternatively fuelled vehicles on the used market is reportedly the BMW i3, in petrol range extender specification.
According to the report, the i3 REXs featured costed £34,074 new – while used examples averaged £18,400 for 2013-16 model years. That's roughly 54 percent of the car’s original value.
Non-range extender versions of the German city car have seen used values hold an average value of roughly 47 percent of the original price: £14,650, down from £30,925.
Chris Plumb of HPI said: "Interestingly, it appears to be the range extender models [of the i3] which are driving the recent strong performance, as values of pure electric have struggled of late.
"The BMW i3 is a popular choice and is a great second-hand buy. It brings a good level of specification and badge prestige."
Elsewhere, the 24kWh model of the all-electric Nissan Leaf has seen values fall to 32 percent of the original values for 2015 model years onwards, to an average of £9900 – from the new price of £30,535.
Meanwhile, the 30kWh model — which has a higher range than the standard model — has held its value better, averaging roughly 38 percent of original value. That's around £12,200, compared with a new price of £31,435.
Tags: #DTofficial #DTnews #BMW #BMWi3 #i3 #electric #EV #motoring #green
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Comments (1)
As someone who bought a used BMW i3 REX a year ago I can attest to the value this car provides. I'm not surprised that it's so sought after. It's very quick, saves a lot of money on commute etc, fun to drive, comfortable and quiet, no range anxiety, and looks much better and futuristic than other electric/hybrid cars (especially in colour rather than black/grey/white), apart from maybe tesla. And it's carbon fibre like the stuff that supercars are made off! Try to find that on the market... One important thing to remember, if you buy an electric car - buy one that's been designed to be so from the very beginning, not one that's been adapted, like some other mainstream models. Also, get it used and as high spec as possible 😉