Speaking of which, the relatively low prices of some used EV models that have lost a lot of value since they were bought new doesn’t seem to be attracting buyers. Just three per cent of those surveyed by the AA said they would be confident to buy a used EV. These low prices in combination with a lack of consumer interest could eventually make new EVs more expensive if the uncertainty in the market forces fleet companies and manufacturers to charge more for finance and leasing.
“Lower prices may be good news for motorists looking for a bargain, but if values fall too quickly it becomes unsustainable for fleets and manufacturers who buy most new electric cars in the first place,” King explained.
Nevertheless, the AA’s Readiness Index rates the current UK market at 53.8 out of 100 – five per cent more than at the end of 2025. This is calculated by not only looking at overall consumer sentiment, but also price parity with petrol and diesel cars and availability of charging; for example, the UK’s network of 118,321 public chargers is less than half of the 300,000 total targeted for 2030.
“Our AA UK EV Readiness Index shows that conditions for switching to electric cars are improving, with cheaper used EVs opening the door for more drivers. But the reality is that the transition remains fragile,” warned King.
“To keep momentum going we need clearer long-term policy signals and better information for drivers so they can make an informed choice when or whether to switch.”
Auto Express has approached the Department for Transport for comment.
