Prices of used EVs are showing signs of recovery at the start of 2025, according to Indicata UK. 

The analysis company said retail prices of used EVs had risen by 0.7% between the end of November 2024 and early January 2025.

It said this was being fuelled by price parity becoming commonplace between many EVs and ICE cars, giving dealers more confidence to stand by pricing rather than feeling forced to discount to generate sales.

The company said this would play a big part in generating demand for the growing number of used EVs set to enter the market in the years ahead.

Indicata UK head of sales Dean Merritt said: “Any sign of stability for BEVs, such as a small price rise in the UK market, is positive especially as the volume of used BEVs reaching the used market is set to rise each month in 2025 and beyond.”