# Second Hand EVs Reach Price Parity with ICE Cars in UK
**Electric vehicles have reached price parity with petrol and diesel cars in the UK’s second-hand market**, according to the Energy and Climate Intelligence Unit. This marks a significant milestone, as the second-hand market is where most people buy their cars.
For new vehicles, the price gap has narrowed considerably but not yet closed completely—dropping from 33% to 19%. However, research from Auto Trader shows that two in five second-hand EVs now cost less than £20,000, making them directly competitive with equivalent petrol and diesel models.
EVs are delivering savings of hundreds to thousands of pounds annually in ownership costs, with these savings expected to improve further as upfront prices continue to fall.
The UK government’s Electric Car Grant is supporting this transition, offering £3,750 for select models like the Ford Puma Gen-E and £1,500 for a wider range of vehicles including models from Renault, Vauxhall, Peugeot, and Volkswagen. Auto Trader has recorded its biggest spike in EV interest in three years, demonstrating that electric vehicles are no longer just for wealthier drivers.
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# Second Hand EVs Reach Price Parity with ICE Cars in UK
**Electric vehicles have reached price parity with petrol and diesel cars in the UK’s second-hand market**, according to the Energy and Climate Intelligence Unit. This marks a significant milestone, as the second-hand market is where most people buy their cars.
For new vehicles, the price gap has narrowed considerably but not yet closed completely—dropping from 33% to 19%. However, research from Auto Trader shows that two in five second-hand EVs now cost less than £20,000, making them directly competitive with equivalent petrol and diesel models.
EVs are delivering savings of hundreds to thousands of pounds annually in ownership costs, with these savings expected to improve further as upfront prices continue to fall.
The UK government’s Electric Car Grant is supporting this transition, offering £3,750 for select models like the Ford Puma Gen-E and £1,500 for a wider range of vehicles including models from Renault, Vauxhall, Peugeot, and Volkswagen. Auto Trader has recorded its biggest spike in EV interest in three years, demonstrating that electric vehicles are no longer just for wealthier drivers.