By John Ensor • Published: 22 Jan 2024 • 15:42
Second-hand car market. Credit: carballo/Shutterstock.com
Have you ever weighed the price difference between used electric cars and their petrol or diesel counterparts? Recent insights reveal a striking disparity in the second-hand car market.
In December, an annual analysis conducted by a Spanish vehicle sellers association disclosed a significant price gap in the pre-owned car sector.
This study which focused on vehicles with a single previous owner or those used in leasing with less than 15,000 kilometres, found that used electric cars were priced at an average of €34,818.
In stark contrast, the average costs for petrol and diesel vehicles stood at €19,999 and €17,743 respectively.
Statistics show that electric vehicles, despite a €2,000 decrease in value over the year, were almost twice as expensive as their combustion engine equivalents.
This disparity underlines the major hurdle in adopting electric vehicle technology. According to Faconauto, electric cars comprised a mere 0.6 per cent of Spain’s vehicle transactions last year.
The Moves III Plan, initiated in June, aimed to bridge this gap by offering up to €7,000 in subsidies for ‘pre-owned’ electric cars, provided they are less than 12 months old and owned by manufacturers or rental companies.
Prices for pre-owned electric vehicles vary across Spain. Murcia recorded average prices around €44,000, while La Rioja saw averages drop to €24,000.
Madrid, Catalonia, and Andalusia, with the most transactions, posted figures close to the national average, at €31,800, €34,519, and €37,000 respectively.
The Renault Zoe led the used electric car market in Spain, despite a 35 per cent drop in sales to 1,099 units.
Following closely were the Smart ForTwo, 1,028 sales; and the BMW i3, with 730 cars sold. The Fiat 500 and Tesla Model 3 rounded out the top five, with 658 and 611 sales respectively.
Notably, the Megane E-Tech saw a significant increase, from 30 units to nearly 400 by the close of 2023.
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Originally from Doncaster, Yorkshire, John now lives in Galicia, Northern Spain with his wife Nina. He is passionate about news, music, cycling and animals.
Electric cars are not to be taken at face value, there design is flawed by governments seeking to capitalise on charging rates with IVA and other charges hidden in their use. for instance they do not charge when operated on long runs or charge when parked up and the battery cycles are therefore short meaning that second hand cars may be due a full battery change costing many thousands of euros plus garage bills + IVA. They may have a call in city life but not on Spain’s expanses of roads. Try a hybrid car first at least you will have a backup of an engine rather than being stranded!
As per Ms comments EVs are genuinely for the brave and people with nowhere to go and plenty time to waste sitting at charging points. I truly believe they are a total scam. No government has thought the issue through, they use lies and deceit in forcing these vehicles on the gullible public. There is no climate crisis and that is the main reason these useless vehicles are being forced on people. How do I know there is no climate crisis, well not one government in the world has called a public conference to discusss the matter, they have told us about it but NEVER PROVED IT. Because they cannot but if your extremely rich and a wee bit mad go ahead and buy one, but make sure you are only going to the local shop because they are totally usless for anything else.
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