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Surge in consumer interest of alternatively fuelled vehicles, new report says

Tuesday 11 July 2017, By Autovolo

Surge in consumer interest of alternatively fuelled vehicles, new report says

Surge in consumer interest of alternatively fuelled vehicles, new report says

A new report has revealed consumer interest in alternatively fuelled vehicles is soaring.

The study by vehicle history checking company HPI shows alternatively fuelled vehicles saw a record market share of 4.4 per cent in June.

10,700 AFVs were registered for road use last month, meaning more than 60,000 have taken to the road this year.

As a result, the used market for AFVs has seen values increase by 7 per cent since January. 

The biggest value-holder of alternatively fuelled vehicles on the used market is reportedly the BMW i3 with optional petrol range extender. The car can be bought new from £34,075 while used examples average £18,400 for 2013-16 model years — roughly 54 per cent of the car’s original value. 

Non-range extender versions of the German city car have seen used values hold an average value of roughly 47 per cent of the original price: £14,650 from £30,925.

Chris Plumb of HPI said: “Interestingly, it appears to be the range extender models [of the i3] which are driving the recent strong performance, as values of pure electric have struggled of late. The BMW i3 is a popular choice and is a great second-hand buy. It brings a good level of specification and badge prestige.”

Elsewhere, the 24KWh model of the all-electric Nissan Leaf has seen values fall to 32 per cent of the original values for 2015 model years onwards, to an average of £9,900 from the new price of £30,535. Meanwhile the 30KWh model — which has a higher range than the less powerful model — has held its value better, averaging roughly 38 per cent of original value, around £12,200 compared with a new price of £31,435.