Some premium pure electric cars have slumped in value, according to Auto Trader.
The Jaguar I-Pace crashed by 15.6 per cent year on year (YoY) and dropped by 4.1 per cent between December 2022 and January 2023. The average asking price of the Austrian-made Jaguar was £48,613 last month.
Other premium second-hand EVs also slipped further in January, including the Tesla Model S (down six per cent YoY and three per cent month on month to £44,512), Tesla Model X (down 12.8 per cent YoY and 3.9 per cent month on month to £64,302), and the Audi e-tron SUV which was priced up, on average, at £50,509 (down 7.4 per cent YoY and 2.2 per cent month on month).
However, there were some winners. Volkswagen’s ID.4 led the way with prices rising by 18 per cent year on year to an average of £42,492.
It did even better than the Fiat 500e and MG ZS Ev but they are more reasonably priced as well and experts now predict the incoming Chinese EV brands will seriously disrupt the sector with their prices and warranties when they begin arriving in numbers this spring.