The depreciation of electric vehicles is set to stabilise as
models become more mainstream, according to automotive data expert CAP HPI.
The company has analysed how electric vehicles are
performing in the three largest markets in the European Union to compare trends
- the UK, Germany and France.
Commenting on the analysis, Matthew Freeman, managing
consultant at CAP HPI Consulting, said: “The next few years will see a wave of
new vehicles hit the market, with almost every major manufacturer making
significant investments in electric vehicles. The sheer number of battery
electric vehicles about to hit the market represents a revolution in not only
automotive technology but also in the way that drivers buy, use and interact
with their vehicles.
“Fleets will have a key role in managing the transition to battery
electric vehicles regarding shifting consumer demand towards the technology,
and a new skill-set will be needed to ensure that technology is distributed to
the correct drivers.”
Many manufacturers were set to electrify their entire
product range by the middle of the next decade, and national governments were
actively planning a decarbonised public and private transport network, said CAP
The study looked at a basket of eight battery electric
vehicles, choosing similarly specified models to allow for a cross-market view.
The models were the: BMW i3, Hyundai Ioniq, Kia Soul, Nissan Leaf, Renault Zoe,
Tesla Model S, VW e-Golf and VW e-UP.
Referring to the UK, Mr Freeman said: “In response to rising
levels of pollution, low- and zero emission zones will be rolled out throughout
the UK: local government will control these zones, and in many cases, the
initial target will be diesel vehicles. This is already having a negative
impact on diesel vehicle sales.
“The UK market shows a definite trend to pricing: around the
£30,000 mark, the exception, of course, is the Tesla Model S. The premium BMW
i3 outperforms the mainstream competition; as does the semi-premium (in the UK)
The full study is available in a CAP HPI report available
for £995. Go to: https://www.cap-hpi.com/reports/electric-revolution