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Price of used EVs reaches record low, falling by over £7,000 in two years

Marketcheck, the UK’s most significant source of data on the UK used car market, has today published statistics on the performance of the used EV market over the previous two years.

The number of used EVs sold in the UK has increased significantly, from 7,073 in May 2023, to 19,836 in May 2025. This is a 180.45% increase over the two years covered by Marketcheck’s analysis.

MonthVolume of EVs sold% Change
May-237,073 
May-2519,836180.45%

The data published by Marketcheck show that the average last listed price has fallen by almost a quarter, decreasing steadily over that time period, despite two seasonal fluctuations in the last quarters of 2023 and 2024.

In May 2023, the average last listed price for a used EV was £30,441.00. Last month this has now fallen by £7,411.48, to £23,029.52.

MonthAvg. Last Listed Price% Change
May-23£30,441.00 
May-25£23,029.52-24.35%

Alastair Campbell, Marketcheck UK, commented: “It is becoming increasingly more affordable to buy a used EV in the UK. Prices may only continue to drop as owners choose to upgrade.

Marketcheck will continue to analyse emerging trends across the UK used car market.”

ENDS

About Marketcheck:

https://marketcheck.uk/

We are the leading source of UK automotive data. We collate, enhance and manage more data on the UK used car sector than any other provider. For automotive businesses we bring unprecedented access to live data to power analysis, pricing, reporting and AI agents on the UK used car market.

We track over 650,000 cars and 11500 dealers across 16k locations daily.

Contact:

Alistair Harrison
[email protected]

Notes to Editor:

MonthVolume of Sold Electric EVs% GrowthAvg. Last Listed Price% Growth
May 20237,073 £30,441.00 
June 20237,5166.26%£29,516.00-3.04%
July 20237,512-0.05%£27,762.00-5.94%
August 20238,45812.59%£27,766.000.01%
September 20238,248-2.48%£27,801.000.13%
October 20237,396-10.33%£28,542.002.67%
November 20237,5141.60%£28,076.00-1.63%
December 20236,792-9.61%£29,710.005.82%
January 202410,13549.22%£26,535.00-10.69%
February 202410,3432.05%£25,588.00-3.57%
March 202411,68312.96%£25,410.00-0.70%
April 202411,225-3.92%£25,664.001.00%
May 202412,88914.82%£24,857.00-3.14%
June 202413,4214.13%£24,377.60-1.93%
July 202413,9393.86%£23,782.58-2.44%
August 202415,0828.20%£24,576.963.34%
September 202414,839-1.61%£23,818.00-3.09%
October 202413,405-9.66%£23,929.000.47%
November 202411,962-10.76%£24,511.002.43%
December 20249,856-17.61%£25,029.972.12%
January 202516,22764.64%£24,352.59-2.71%
February 202517,6899.01%£24,210.29-0.58%
March 202520,88218.05%£24,373.810.68%
April 202518,114-13.26%£23,405.39-3.97%
May 202519,8369.51%£23,029.52-1.61%