By ROB HULL, MOTORING EDITOR
Electric car owners saw even more value fall out of their vehicles last year as second-hand prices continued to plummet due to sizable new model discounts, increased supply and limited demand.
Analysis of the used cars across all fuel types that lost the most value in 2025 shows that EVs dominate the list of biggest losers.
In fact, eight of the ten second-hand models up to 10 years old to shed the most value are battery powered, according to online marketplace, CarGurus.
Used EV values have declined as a result of a cocktail of factors, including the arrival of Government grants and manufacturer-supplied discounts for new models, a dramatic increase in second-hand stock flooding onto used forecourts from end-of-contract finance and lease deals, and ongoing concerns about battery longevity and range anxiety among consumers.
As such, the biggest electric car price fallers last year lost a quarter of what their average value was in 2024.
While CarGurus says some of these EVs now represent incredibly strong value and offer drivers lots of car for not much money, buyers are likely to be cautious over concerns that prices will continue to slide over the coming months.
Electric car owners saw even more value fall out of their vehicles last year as second-hand prices continued to plummet due to sizable new model discounts, increased supply and limited demand, according to used value analysis
Weak used EV values in the last year have partly been triggered by Labour's Electric Car Grant on new models, which launched in the summer to provide discounts on sub-£37,000 electric vehicles.
Some 42 different EVs are eligible for the grant today, though only a handful meet the Government's sustainability criteria to qualify for the full £3,750 amount. The rest are reduced in price by £1,500.
While the grant's aim is to help manufacturers increase sales to meet binding mandated EV registrations targets, it too has had a knock-on impact on second-hand prices.
A Department for Transport spokesman said: 'The Government is boosting sales and making EVs more accessible at the lower end of the market, by saving drivers up to £3,750 off a new car, with almost 50,000 people benefitting already.
'This also driving down prices for used EVs, with almost half now available for under £20,000.'
James Hosking, managing director of AA Cars, says prices have also been forced down by a 'surge in ex-fleet EVs reaching the used market at the same time as manufacturers reduced new prices to stimulate demand'.
He told us: 'This has created strong downward pressure [on second-hand prices] across the board.'
Weak used EV values in the last year have partly been triggered by Labour's Electric Car Grant on new models, which launched in the summer to provide discounts on sub-£37,000 electric vehicles
To show which used cars have fallen in value most in the last 12 months, CarGurus looked at the average price of all used models in December 2024 versus their listed prices last month.
Only models with over 100 examples available for sale have been included in the list, and it only looks at those up to 10 years old with a maximum of 100,000 miles on the clock.
And the worst-hit electric models have deflated in price by between 22 and 26 per cent in the 12-month period analysed.
Chris Knapman, CarGurus UK editorial director, said that despite their dramatic losses in value, some of the EVs in the list are 'excellent cars' that he would recommend.
'Take the Hyundai Ioniq 5, for example, year-over-year values of which are down by almost 25 per cent.
'This is a roomy, smart-looking electric car with a good range, plenty of tech, and fast charging capability that can be picked up for less than the price of a new supermini.
'In fact, anybody considering the switch to electric motoring will find some great value offerings on the used car market right now.
'The MG5 represents jaw-dropping value for the range and practicality it offers. Or for something more glamorous, there are currently strong deals to be had on models including the Ford Mustang Mach-E, Volkswagen ID.4 and Jaguar I-Pace.'
Speaking of Jaguar, the historic British car firm - which is currently in the midst of transforming itself into an EV-only premium brand - is the only manufacturer to make the top 10 order of biggest price fallers with combustion engine cars.
Having ceased outputs of all petrol and diesel models in 2024, the expectation had been that used examples would rise in price.
But there are two Jaguar models with petrol and diesel engines that lost over a fifth of what they were worth just 12 months earlier.
Here's a countdown of the 10 biggest used price fallers last year:
Average used price December 2024: £16,163
Average used price December 2025: £12,719
Value lost in 12 months: £3,444
The average price of a used Jaguar XF has slipped by 21% in the last 12 months. That's despite the British manufacturer closing the curtain on production back in May 2024
The first major used price faller of the last 12 months is Jaguar's XF saloon, which shed 21 per cent of its 2024 value last year.
While the last iteration debuted a decade ago (which means some older examples of the XF are included in this analysis) production of the XF saloon, as well as the XE and F-Type - all of which were built at the Castle Bromwich site near Birmingham - ended in May 2024.
Yet despite there being no supply of new models for a year, the average used price of the BMW 5 Series rival declined by almost £3,500.
For £12,719, drivers can now get their hands on a well-equipped premium family saloon for the less than Britain's cheapest new car.
Average used price December 2024: £26,039
Average used price December 2025: £20,393
Value lost in 12 months: £5,646
The Niro EV is one of a raft of electric Kia's on the market today. This family SUV can cover up to 285 miles on a single charge, but despite its capabilities used prices are falling
Kia's latest version of the Niro EV launched in 2022, but despite being one of the newer cars in this list, depreciation is hitting hard.
With an official range of up to 285 miles, the Korean electric car is more than adequate enough for UK families needing a main motor.
But average second-hand prices - according to CarGurus - have contracted by 22 per cent in the last 12 months.
A used Niro EV would have set buyers back £26k in December 2024 but last month the average price had declined to just below £24,400.
Average used price December 2024: £22,757
Average used price December 2025: £17,768
Value lost in 12 months: £4,989
The E-Pace is another example of a Jaguar model that went out of production for the UK over 12 months ago. Used prices fell 22% on average last year
The E-Pace is a stylish small SUV that shares its underpinnings with the Range Rover Evoque.
Despite production of the E-Pace - which was built in Graz, Austria - continuing for overseas markets throughout last year, the last allocation of UK cars was sold by summer 2024.
Yet despite this lack of new supply, average prices are taking a down step by almost £5,000 in the last year.
While the average buyer of this compact SUV - available with either petrol or diesel engines - was £22,750 on average in December 2024, this price slipped to just over £17,750 by last month.
Average used price December 2024: £30,708
Average used price December 2025: £23,930
Value lost in 12 months: £6,778
The average price of a second-hand Ford Mustang Mach-E electric car has fallen by another £6,778 in the last 12 months, CarGurus says
Ford's decision to use its famous pony car name for an EV is one that continues to be questioned by enthusiasts. But there's one thing for certain, Mustang Mach-E values are falling.
While starting prices for a new model are well above £40,000, CarGurus says a second-hand example is worth half that today.
While the electric family car - which has up to 379 miles of driving range in its highest specification - might offer hands-free driving and loads of performance, a used Mustang Mach-E a year ago was, on average, priced at just over £30,700.
In the last 12 months, values have fallen by almost £7,800.
Average used price December 2024: £32,215
Average used price December 2025: £25,104
Value lost in 12 months: £7,111
The average price of a new Tesla Model Y has nosedived by over £7,000 in the last 12 months
Given the public backlash against Tesla boss Elon Musk, which has seen sales of the brand's new EVs go decelerate at alarming speed in 2025, it might not come as a surprise to see the Model Y shedding value.
Having previously been the world's best-selling car in 2023 and the UK's favourite EV for the last few years, there's certainly plenty of second-hand examples to choose from. Price cuts and the arrival of a cheaper Model Y 'Standard' has also likely pushed second-hand prices lower.
This, combined with the Musk exodus, has seen the average used price of a Model Y dive by over £7,000 in the last 12 months.
In December 2024, you would have paid £32,200 for one, but last month the average asking price was just over £25,000.
Average used price December 2024: £24,381
Average used price December 2025: £18,819
Value lost in 12 months: £5,562
The average used price of a Volkswagen ID.4 has fallen by 23% in the last 12 months. That's over £5,500 on average
Depending on the battery size of your VW ID.4. the full range is between 223 and 342 miles. That's more than usable for the UK.
Average used prices in December 2024 were under £24,500, which is made the family SUV relatively good value. But values continued to downward spiral over the last 12 months.
Fast forward to December 2025 and the average second-hand price of a VW ID.4 is down to less than £19,000.
These electric cars have lost 23 per cent of their 2024 value over the 12-month period.
Average used price December 2024: £19,869
Average used price December 2025: £15,100
Value lost in 12 months: £4,769
The average used value of an MG4 has dropped by 24% in the last 12 months, meaning you can pick one up today for around £15k
MG4 values likely haven't been helped by its high-profile lane assist issues, which the Daily Mail covered extensively before the car maker finally provided a software update to tackle the dangerous issue.
But MG4 used prices also haven't likely been aided by the arrival of new competition from its Chinese homeland, with the likes of BYD, Jaecoo, Leapmotor and Omoda to name a few offering cost-effective alternatives.
As such, second-hand demand for the MG4 have taken a slide, losing 24 per cent in the last 12 months alone.
It means you can pick up one today for just over £15,000 - some £4,800 less than you'd have paid if you bought one in December 2024.
Average used price December 2024: £26,702
Average used price December 2025: £20,192
Value lost in 12 months: £6,510
Over the last few years, the Jaguar I-Pace has commonly featured as one of the fastest-depreciating cars on the market. However, even models up to 7 years old are still losing around a quarter of their value annually, CarGurus suggests
The Jaguar I-Pace is a prime example of what can happen to the value of an EV once it becomes old hat.
When it debuted in 2018, its range of up to 292 miles was seen as game changing. But accelerate to the present day and it's simply not enough compared to rivals - especially given the I-Pace cost around £65,000 from new when it was still in showrooms in 2024.
Today, you can grab one for the fraction of that price.
While a used I-Pace in December 2024 was available for £26,700, last month the average second-hand price fell to just over £20k.
Average used price December 2024: £27,622
Average used price December 2025: £20,859
Value lost in 12 months: £6,763
Despite being a genuinely good - and capable - family car, used Hyundai Ioniq 5 SUVs are having a hard time holding onto a reasonable amount of their value
The Hyundai Ioniq 5's dramatic fall in second-hand value is a bit of a shock, given this is a relatively up-to-date EV with great looks, a range of up to 354 miles, and heaps of tech.
Yet that isn't enough to save it from crippling value deflation, with owners seeing the value of their cars slip by 24 per cent on average in the last 12 months.
The £6,750-plus decline in average used prices means you can pick one up for steal today.
While even small new EVs like the Hyundai Inster cost over £20k, the Ioniq 5 is a lot more car for the same amount of money second hand.
Average used price December 2024: £14,316
Average used price December 2025: £10,549
Value lost in 12 months: £3,767
The biggest used price faller of all over the last 12 months has been MG's 5 electric estate, CarGurus claims
The biggest used car price faller last year - for models up to 10 years old - was the MG5.
While this list is proof that EV values are relatively flimsy, add to the equation this is an estate car - a sector suffering major declines in demand in recent years - and you might understand why the price is falling out of the boot of the MG5.
In the last 12 months, these cars have lost over £3,750.
It means you can grab a second-hand model for just over £10,000. That's not bad for an EV that in the Long Range spec can cover up to 250 miles between charges.
The This is Money Motoring Club is designed to make car ownership cheaper and simpler for This is Money and Daily Mail readers.
Powered by MotorEasy it's the place to keep on top of tax, MOTs and servicing - and manage the important documents and receipts that boost your car’s value.
You can also save money on maintenance and repairs - and book into one of 10,000 trusted workshops nationwide.
New members receive a £20 reward voucher, which you can put towards repairs or even a warranty - giving you peace of mind that if something goes wrong, you won’t be left footing the bill.
You can even get £20 off an MOT with one of MotorEasy's listed providers.