The average price of the UK’s 20 most searched-for used electric cars fell 10% year-on-year to £13,940 in the second quarter, according to the latest AA Cars Used Car Index.
Tesla accounted for two of the largest annual price declines.
The Model S recorded the biggest fall, down 18.7% to £17,901, while the Model Y dropped 13.9% to £23,899. The Jaguar I-Pace also fell sharply, down 14.4% to £18,647.
The Nissan Leaf remained the most searched-for used EV despite its average price falling 17.3% to £8,146, while the Tesla Model 3 retained second place with a more modest 3.6% decline to £18,030.
While Tesla sells new cars directly to consumers rather than through franchised dealerships, its models remain a common feature on used car forecourts across the UK.
Dealers will be watching the latest price movements closely as they influence stock valuations, pricing strategies and part-exchange values across the growing used EV market.
Falling EV prices could also broaden their appeal among used car buyers. However, with average petrol and diesel prices also down 5.3% year-on-year, consumers weighing up their next purchase may still face a choice between increasingly affordable EVs and lower-priced combustion-engined alternatives.
Biggest annual price falls among the most searched-for used EVs
| Rank | Model | Q2 2026 average price | Annual price change |
|---|---|---|---|
| 1 | Tesla Model S | £17,901 | -18.7% |
| 2 | Nissan Leaf | £8,146 | -17.3% |
| 3 | Jaguar I-Pace | £18,647 | -14.4% |
| 4 | Tesla Model Y | £23,899 | -13.9% |
| 5 | Hyundai Ioniq | £9,984 | -13.1% |
| 6 | Renault Kangoo | £8,708 | -12.8% |
| 7 | Polestar 2 | £18,362 | -11.4% |
| 8 | Volkswagen e-Golf | £9,136 | -11.4% |
| 9 | Peugeot e-2008 | £12,306 | -10.9% |
| 10 | Audi e-Tron | £20,317 | -10.4% |
(Data source: AA Cars)
Hybrid values remain resilient
Hybrid prices remained broadly stable compared with the EV market.
The average price of the 10 most searched-for hybrid models increased 0.5% year-on-year to £17,581, although values were 1% lower than in the first quarter.
The Toyota Yaris remained the most searched-for hybrid, with its average price rising 1.2% to £14,730.
The Lexus RX recorded the strongest annual increase, up 30.4% to £26,073, although AA Cars noted the average age of advertised vehicles had fallen significantly.
Honda Jazz values rose 3.9% and the Toyota Corolla increased 3.2%.
At the other end of the market, the Toyota Prius recorded the largest annual decline at 10.2%, followed by the Nissan Qashqai (-8.4%), Toyota RAV4 (-7.7%) and Kia Sportage (-7.0%).
Petrol values continue to soften
Across petrol and diesel vehicles, average asking prices fell 5.3% year-on-year and 2.6% quarter-on-quarter.
The Ford Fiesta remained the UK’s most searched-for used petrol model despite production ending in 2023.
James Hosking, managing director of AA Cars, said many drivers had previously viewed electric cars as being out of reach, but that falling used prices were changing the picture.
He said: “Used EV prices have fallen by 10% in a year, and models such as the Nissan Leaf, Renault Zoe and Hyundai Ioniq are now within reach of far more buyers.”
Hosking said the Nissan Leaf illustrated the trend, remaining the most searched-for EV on AA Cars while its average price had fallen to just over £8,000.
He added: “For someone who is curious about going electric but has previously been put off by the cost, the used market is becoming a much more realistic place to start.
“Hybrid values had remained much more stable, suggesting buyers continued to value their flexibility.
“You can cut fuel use without having to depend entirely on public charging, and that remains attractive to plenty of motorists.”