The figures mark a sharp turnaround in the used-car market. In 2022, electric vehicles were about 10pc more expensive than comparable diesel cars, the report said. Electric cars are currently losing about 11.9pc of their value each year on average, compared with around 12.4pc for diesel vehicles and 10.1pc for petrol models. It’s a significant turning point for buyers considering making the switchThe report also shows continued pressure in the cheaper end of the used-car market. “Separately, the report shows how Brexit has reshaped Ireland’s used-car supply chain.

Source: Irish Independent March 11, 2026 23:33 UTC