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Second-hand electric cars are currently significantly less expensive than they were a few years ago. The average selling price of a used electric car is even a good 30 percent lower than in 2023.
This is not evident from our calculation, but from an analysis by sales platform Looping.nl. This would show that the average selling price of a used electric car in the first half of this year was €18,427, while a used electric car two years earlier was still sold for an average of €27,230.
Have electric cars suddenly become so much less valuable? Not directly. The past two years have seen not only the selling price of second-hand electric cars fall. The average selling price of gasoline cars also fell between 2023 and this year, by 16 percent. Interesting is the average selling price that Looping.nl reports: €4,187. According to the sales platform, the average selling price of an EV from the period 2020-2022 is €25,916, that of a gasoline car in the same period €21,362.
The larger decrease in the average selling price is probably related to the fact that you can no longer receive a subsidy for the purchase of a used electric car (up to €45,000) as of this year. It is also likely that manufacturers – whether or not due to decreasing demand from the market – have regularly implemented price reductions on new EVs. In addition, thousands of lease contracts have expired in the past period, resulting in a large fleet of second-hand EVs on the used car market. More supply, therefore, and not directly more demand.