Are you looking to buy a 'new' car? Have you thought about a used electric car? Used electric cars do appear to be slow-sellers. What are the benefits of buying a used electric car? And why do many consumers still shy away from buying them?
As electric cars have been around for several years now, they are increasingly becoming available on the used car market. One reason to choose an electric car is certainly the environmental benefit. A used electric car scores points twice here, as it also supports the sustainability aspect. A study by the Fraunhofer Institute has calculated that an electric car with a mileage of 51,000 kilometres has a positive CO2 balance compared to a petrol car.
Market situation and demand for electric vehicles
The used car market for electric vehicles remains slow. One obstacle is the still very high purchase cost of used electric vehicles, with an average price of 43,000 euros. There is also still a small selection on the market and concern among consumers that the technology could already be outdated. According to KBA, only around 1.25 percent of electric vehicles are currently changing owners. Other figures also reflect the hesitation among consumers: A survey conducted by the data provider Deutsche Automobil Treuhand shows that only around 14 percent of used car buyers are interested in a used electric car. However: Due to the increased registrations of electric vehicles in recent years, it can be assumed that the supply of used electric vehicles will increase in the next two years, making them a more interesting option for consumers as well.
Advantages of a used electric car
Once the decision has been made to purchase an electric car, the next question is whether it should be a new or used vehicle. One of the obvious main advantages of a used electric vehicle is certainly the lower price and the likely shorter wait time. However, there are other reasons to look for a used electric car. On the one hand, there's the tax benefit, as the exemption from the vehicle tax passes to the respective buyer and applies up to ten years after initial registration, but currently runs up to 31/12/2030 at the latest. Electricity is also generally cheaper than petrol or diesel. This means, at least whenever I charge my electric car at home, electricity is cheaper than other fuels. However, it can also become more expensive in individual cases when using public charging stations. Taking part in the greenhouse gas quota trading (GHG quota) can also be a worthwhile option for owners of a purely electric vehicle, as income is tax-free for private property. Another benefit: Although electric cars also have to undergo an MOT, exhaust testing is not required.
Disadvantages of a used electric vehicle
When buying a used electric vehicle, particular attention should be paid to the condition of the battery. The battery is the heart of an electric vehicle and the most expensive component. Replacing the battery is possible in theory, but constitutes a complete write-off in financial terms. A repair, on the other hand, is possible in certain cases, if only individual modules of the battery are faulty. However, it is best to check the battery for its remaining range before buying a used electric vehicle. The SoH (State of Health) value is an important indicator here. This can be verified with am inspection report. And don't forget: Before buying, take a look at the charging cable, which should of course also be free from damage!
In short: Anyone considering purchasing an electric vehicle should also take a look at the used car market. The range of used electric cars available is growing constantly and they are also becoming a more interesting option in terms of price. There are definitely bargains to be found with the right preparation and specialist knowledge.
