Used electric cars are bucking industry trends by appreciating — rather than depreciating — in value, according to research by the automotive shopping site, CarGurus. Every day, CarGurus analyses millions of data points on hundreds of thousands of UK used car listings to calculate each car’s Instant Market Value (IMV) or fair retail price. Using this data, CarGurus examined prices for the four most searched-for EVs on CarGurus.co.uk — the BMW i3, Nissan Leaf, Renault Zoe and Tesla Model S — since the start of 2017. The results showed that prices either rose or remained level for months at a time, and in all cases far outperformed the most searched-for petrol and diesel equivalents listed on CarGurus.co.uk over the same period.
Hyundai Motor Company alongside Kia Motors Corporation today announced its investment into IONITY, a joint venture established by global automakers. Under the agreement Hyundai and Kia, affiliated automotive companies for Hyundai Motor Group (the Group), will play a key role in further enhancing the availability of EV charging stations with additional convenience benefits for its customers.
The Soul EV made its European debut at the Geneva motor show in March, and Kia has now announced pricing and specification of the pure electric vehicle. The order banks for the Soul EV ‘First Edition’ are being opened sufficiently early so that demand can be judged to ensure that the appropriate supply is requested.
Honda has announced the details of the chassis, battery and charging details for the highly anticipated Honda e compact electric car. Designed from the ground up, the Honda e is the first Honda to be built on a dedicated EV platform
Jaguar Land Rover and BMW Group have confirmed that they are joining forces to develop next generation Electric Drive Units (EDUs) in a move that will support the advancement of electrification technologies, a central part of the automotive industry’s transition to an ACES (Autonomous, Connected, Electric, Shared) future.
