A think tank said savings have risen since early 2023 as second-hand electric vehicles are ‘no longer more expensive to buy’.

The UK’s best-selling used electric cars could save their owners an average of £1,600 per year compared with their petrol equivalents, according to new research.

The Energy and Climate Intelligence Unit (ECIU) think tank, which conducted the analysis, said savings have risen since early 2023 as second-hand electric vehicles (EVs) are “no longer more expensive to buy”.

It claimed the study shows a requirement for each manufacturer to sell a minimum proportion of zero emission vehicles (Zev) each year “is working”, amid a report that ministers are meeting with car industry leaders on Wednesday to discuss easing the policy.

The ECIU’s........

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