Used EVs now cheaper than equivalent petrol and diesel cars

Used electric vehicles (EVs) in the UK are now significantly cheaper than comparable petrol or diesel cars, according to analysis by Big Motoring World. The retailer found that two-year-old EVs sell for an average of £1,837 less than internal combustion engine (ICE) alternatives, with some models offering much larger discounts. For example, a used BMW iX3 costs £8,854 less than a BMW X3, a 22% saving, while a Volkswagen ID.3 is £2,813 cheaper than a Golf, and a MINI Electric Cooper is £1,444 cheaper than its ICE counterpart. The study compared prices across eight popular used models, highlighting how falling EV residual values are creating a growing price advantage for buyers. This trend is broadening access to electric motoring, addressing affordability concerns that have previously hindered adoption in the new car market. Big Motoring World reported a 79% increase in used EV sales in the first quarter, outpacing the 32% year-on-year rise in used EV transactions recorded by the SMMT. The retailer now stocks over 1,200 used EVs across 40 brands, positioning itself as one of the UK’s largest used electric vehicle retailers. Steve Archer, group financial services director at Big Motoring World, emphasized the company’s commitment to electrified mobility. He noted that the price advantage provides consumers with a compelling reason to switch, while the retailer’s EV-specific warranty and finance packages offer added reassurance. With 10 nationwide locations staffed by EV-trained personnel, Big Motoring World aims to help customers find the right vehicle for their lifestyle and budget.