A CHEAP nearly new electric vehicle with the "biggest drop in value" should be snapped up now, an expert says.Matt said: "The electric car that has seen the biggest drop in value over the last year is the Citroen C4X. Twelve months ago, you'd have got £25,890 for a one-year-old car with 10,000 miles on the clock. Now, though, that value has dropped to just £17,458. That's £8,433 less and a drop of 32.6 percent.
"It's not so bad for the petrol and diesel-powered 4-Series though. Even though the Grand Coupe versions use the same chassis, body and interior as the electric i4, their values have stayed much more stable. A comparable petrol 4-Series Grand Coupe has only dropped in value by 2.3 percent, or £850 since 2023.
And one Chinese car maker is set to launch an ultra-cheap electric hatchback with a 165-mile range into the UK market. Eerie EV graveyard fills mall parking lot with over 300 cars sitting unsold as manufacturers pump them out by thousandsThe supermini is a five-door which can travel 165 miles and boasts a lower price point than other EVs selling in the UK - and is likely to be priced at £17,200.
All cars will need to be electric, or zero-emission, by 2050, to meet the net-zero emissions target set by the UK government.