How much are second-hand electric cars and is now the time to buy one as ULEZ comes in?

ULEZ is expanding across all London boroughs from August 29.

If your car isn’t ULEZ compliant and you’re driving through London, you’ll find yourself with a daily charge – and this charge applies 24/7.

This will be an unwelcome expense to many struggling with the cost of living crisis, but there are various support schemes in place to help people to move to ULEZ-compliant vehicles, including electric cars.

But how much are you looking at spending if you want to go electric? And how much cheaper is it to go second-hand?

How much are second-hand electric cars?

The price of a second-hand electric car will obviously differ depending on the model, the condition of the car and many other factors.

However, on the whole, prices for used electric cars are plummeting.

Per The Times, the average price of a second-hand car with an electric battery was £31,567 in July, according to the online marketplace AutoTrader, down from £40,728 the year before.

Over the past year the price of second-hand electric vehicles has fallen 35.4% on average, according to the data firm Cap hpi. Petrol cars, on the other hand, cost 0.5% more than they did a year ago, it said, while diesel cars cost 0.1% less.

On average, second-hand petrol and diesel cars cost about £16,500.

So, electric cars are still more expensive, but with ULEZ coming in later this month, if you’re driving around London with a diesel car, you’ll be accruing daily charges of £12.50.

This daily charge will quickly add up so it might be time to weigh the cost of buying an electric car – especially taking into account the £2000 ULEZ scrappage support scheme.

What’s the cheapest electric car?

After doing some research, Metro.co.uk found the cheapest second-hand electric car (which is ULEZ compliant) to be £6,250.

This was a Peugeot iOn, and it’s being sold through Cazoo.

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