Good News for EV Buyers as Used Prices Level Off as Market Matures

According to the analysis by Dr. Tom Gillespie, Environmental Economist at the University of Galway, used EV prices fell by just 2.8% over the past year, a sharp contrast to the 13% decline recorded in 2024.

The shift marks an important step in Ireland’s evolving car market. 

As new EV prices settle and supply catches up with demand, second-hand buyers are finding more choice and better value than ever before.

The stabilisation follows an increase in the number of new EV launches, price adjustments from manufacturers, and the maturing of Ireland’s electric market. 

From just 2% of new registrations in 2019, EVs now make up over one in five new cars on Irish roads. This growth is impacting the used market too, with over 5,000 used EVs currently listed on DoneDeal.

This also follows the recent announcement that Ireland has already met its Climate Action Plan target of 195,000 electric vehicles on the road by the end of 2025 – a key milestone in the nation's transition to cleaner transport.

The report also highlights a milestone for affordability with used EVs found to be cheaper than diesel and hybrid cars on a like-for-like basis.

This shift makes electric driving not only cleaner but also increasingly competitive for buyers looking at running costs and long-term value. Lower maintenance, cheaper motor tax, and reduced energy costs all add to the appeal of an EV.

For motorists unsure about going electric, the stabilisation of used EV prices is a sign of growing confidence and maturity in the Irish market. 

After years of sharp price swings, the balance between new and used EV values is settling and that’s good news for both buyers and sellers.

In summary, with prices levelling off, choice expanding, and running costs staying low, electric motoring is becoming a more practical and attractive option for more Irish drivers.