ELECTRIC and hybrid motors hold their value more than any other vehicles, a new study has revealed.
And some of the most depreciating cars lose almost 75 per cent of their value in just three years.
A recent breakdown by auto industry experts What Car? revealed the cars depreciating the least after three years on the market – and the ones losing the most value.
The study of more than 7,000 different cars found new electric and hybrid vehicles retained 47 per cent of their market value on average, beating out both petrol and diesel models.
Range Rover’s Evoque R-Dynamic P250 was the best performing motor on the market, holding onto 70 per cent of its original £38,675 price tag.
Hybrid models from Porsche and Audi also scored well in the study, all maintaining around 65 per cent of their original price.
More affordable hybrid models from Toyota – the Prius and RAV4 – rounded out the list, both retaining around 63 per cent of their original market price.
But not all electric motors proved a good investment for their owners.
The Renault Zoe i Dynamique Nav only held 29.3 per cent of its £28,520 original price after three years on the road.
Italian manufacturer Fiat didn’t fair well in the results either, with its Doblo XL Combi and Tipo Easy Plus only retaining around 26 per cent of their price tags.
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Steve Huntingford, editor of What Car?, said: “When the first electric and hybrid cars arrived, they suffered from heavy depreciation.
“But with the technology now becoming mainstream, buyers are starting to see far better residuals, which will no doubt boost sales further.
“The worst depreciating table is a reminder that new car buyers need to do their homework before signing on the dotted line.
“Securing the best deal possible on a new car helps offset the money it will lose.”