It’s hard enough trying to predict how rapidly a normal car will depreciate, but estimating the loss of value of an electric vehicle is a whole other ball game.
As battery technology advances and manufacturers launch newer models with longer ranges, more performance and shorter charging times, the electric cars of today could soon be considered old hat in a relatively short period of time.
For that reason, it is vital that an electric vehicle you buy today has the best chance of enduring the test of time.
Fortunately, vehicle valuations experts CAP has named those among the strongest value retainers on the market right now.
If you’re in the market for an electric car that holds its value best, the Jaguar I-Pace is the model for you. Just a quarter of the original value slips over a 2 year ownership period
Price from: £64,495
Average price paid: £69,090
Value lost after 2 yrs/20k miles: 25.4%
Average depreciation (£): -£17,590
The I-Pace is the electric car to have right now. It’s cheaper than a Tesla, better built, arguably more stylish and has racked up a whole host of accolades, including the title of the World Car of the Year for 2019.
Waiting lists for models are pretty long, which might explain why they are holding three quarters of their value after two years and 20,000 miles.
That’s right, buy an I-Pace today for just under £65,500 and CAP says you’ll get £48,000 for it when you sell 24 months later.