Increasingly, unless you regularly do long journeys, EV will become the default choice. More so as confidence in fast charger availability improves.
Mid size ICE, 10k pa, 40mpg, will cost ~£1500 for fuel. EV will be ~£500 saving £1000.
The new price difference between EV and ICE is becoming smaller. The first owner may spend (say) £25-35k on the purchase - a premium of (say) £4-8k over an EV. They may decide the saving is a bit marginal.
The next owner after 3 years is less likely to lease/PCP and may expect to pay £13-16k.
A saving of £1000 pa becomes more important. It is likely that the trade in value of an EV will be better than the ICE - perhaps by £2-4k. As 2030 ICE ban gets closer, the attractiveness of ICE will likely fall further.
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