Average prices for used EVs and other alternative fuel vehicles surged 65% from January to February, reflecting growing demand for newer models in the second-hand market. The spike highlights a shift in consumer behavior as buyers increasingly prioritize electric and hybrid vehicles.
According to Dealer Auction’s February EV Performance Review, the average selling price of used alternative fuel vehicles reached £16,717. At the same time, average mileage dropped sharply from 66,300 miles in January to just 33,495 miles, indicating that buyers are focusing on younger, lower-mileage models.
Rising demand is also being driven by increasing confidence in battery longevity. Research from the Generational 2025 Battery Performance Index found that age and mileage have far less impact on battery health than many previously believed. Even eight- and nine-year-old EVs retain roughly 85% of their battery capacity, while vehicles with more than 100,000 miles frequently maintain between 88% and 95% battery health.
Kieran TeeBoon, marketplace director at Dealer Auction, commented on the trend: “It’s brilliant to see these young AFVs commanding such impressive margins. The pandemic-era supply gap leaves space for AFVs to grow, and 2026 could be a pivotal year for hybrid and EV models aged four to six years.”
He further noted that continued investment in charging infrastructure, production, and specialist automotive skills is helping to strengthen the used EV market. “With positive research supporting battery reliability and expanding infrastructure, consumer confidence in used EVs is only expected to rise,” TeeBoon said.
Industry analysts believe the surge in used EV prices reflects both a supply shortage and a long-term shift toward electric mobility. As more consumers recognize the value of younger, low-mileage used EVs, the market is poised for continued growth throughout 2026 and beyond.
