As sales in the electric vehicle sector continue to surge, analysis from automotive data experts hpi shows that savvy motorists could already be making a profit on a vehicle they bought just 12 months ago.
A combination of factors including the rollout of clean air zones, cheaper running costs, increased charging points, incentives to drive and wider availability from manufacturers has helped pique interest in EVs.
A car bought at one year old could be run for 12 months and 10,000 miles and be sold for more money than its purchase price. A Peugeot Ion appreciated 8.6% adding £425 to its value.
The Vauxhall Ampera’s average appreciation is 5.3% or £725 in value and the most popular EV on the market, the Nissan Leaf (above) has an average appreciation of 4% or £456 on its original value.
Hybrids too represent a savvy purchase with the Toyota Yaris Hybrid appreciating on average 2.6% or £292 and the Lexus GS Hybrid average appreciation of 0.7% or £178 on top of purchase price.
Over 60,000 new AFVs took to Britain’s roads by summer 2017 with no signs of a slowdown.