Written Question·Department for Transport·UIN 127687
Motor Vehicles: Prices
Tabled: 15 April 2026
Answered: 21 April 2026
Question
James McMurdock
Independent — South Basildon and East Thurrock
To ask the Secretary of State for Transport, what comparative assessment she has made of the depreciation rates of (a) electric and (b) petrol and diesel vehicles.
Answer
Keir MatherThe Government is aware that, despite strong growth of the used Electric Vehicle (EV) market, the residual values of some EVs have depreciated more quickly than their internal combustion engine equivalents. The used EV market is still maturing, with devel...
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