Used electric cars just got more appealing with Warrantywise’s new EV plan.

At Warrantywise, we’ve created our EV warranty to give drivers confidence when buying a used electric vehicle. Our new EV Plus warranty, launched this month, includes not just the basics but also the key parts that keep your EV running smoothly.
We’ve built this plan around the parts that matter most to EV owners, so you can drive with peace of mind.

Key facts at a glance:

• Warrantywise has introduced a new EV warranty

• Our new EV Plus plan helps dealers sell used electric cars with confidence

• Plan also reassures drivers by protecting against EV repair costs

• EVs proven to encounter 79% more reliability issues compared to their ICE counterparts

• At three years old, used EVs cost around 8.5% less than petrol or diesel cars

According to Consumer Reports, electric vehicles face more reliability challenges than their ICE counterparts. However, the new Warrantywise EV Plus plan helps reduce that risk, building trust and confidence. As EVs become cheaper to buy and run, this plan provides reassurance where it matters most, making EV ownership worry-free.

With the average used EV now priced under £20,000, electric cars offer excellent value for both private buyers and trade. Recent HPI data also shows that, after 3 years, used EVs are now about 8.5% cheaper than petrol or diesel cars – and that price gap set to widen as EVs get older. 

A game-changer for car dealers:

For car dealers and trade buyers, the new EV Plus warranty is a powerful selling point. It helps reassure customers, protect against costly repairs, and demonstrates a dealer’s commitment to customer satisfaction and long-term vehicle dependability.

Antony Diggins, Managing Director at Warrantywise, explains: “We understand that owning an electric vehicle can bring some reliability and cost-of-repair concerns, but there is help available.

“Our latest data highlights just how important an EV warranty is, and why we’re investing in a new plan for our customers. For example, we recently authorised a repair request for a Renault ZOE that cost £5,043 due to an electrical fault. High costs like these really show why a robust extended warranty is essential to avoid financial strain and keep your vehicle running smoothly.

“Our EV warranty is specifically designed to ease these worries by including essential components. By offering this protection, we can help EV owners avoid unexpected repair costs and make their transition to electric smoother and more secure.

“At Warrantywise, we are committed to supporting the entire used car market, not just petrol and diesel vehicles. We aim to safeguard our future both sustainably and economically by protecting EVs, which are often more challenging to warranty once they become classed as ‘used’.” 

Affordability – the real driver of EV adoption:

The BEV (battery electric vehicle) market share in April stood at just 15.7%, only a small increase from last year. While growth remains slow, the landscape is changing in ways that benefit buyers.

Used EV prices are falling significantly, with savings of up to £20,000 on premium models like the Jaguar I-Pace and Tesla Model X. As a result, pre-owned EVs are becoming a more accessible and attractive option for cost-conscious drivers. 

25 years of expertise you can rely on:

With over 25 years of industry experience, Warrantywise prides itself on transparency, expertise, and trust, delivering reliable warranty plans alongside valuable consumer insights into the used car market.

Through initiatives like our annual Reliability Index, customers can expect clear, straightforward terms with no hidden surprises.

The Warrantywise Reliability Index uses repair data from thousands upon thousands of vehicles on plan to allocate an ‘Overall Reliability Score (ORS)’ to every make and model, giving consumers the best insights into the reliability of cars available in the UK. 

Driving confidence into the future:

As the used EV market grows, affordability and reassurance are becoming the key to EV growth. Warrantywise is proud to lead the way with the EV Plus plan, giving both dealers and drivers the tools they need to embrace electric with confidence.

With over 25 years of experience, trusted data thanks to our Reliability Index, and a commitment to clear, transparent warranties, we’re not just protecting cars – we’re protecting peace of mind.

For buyers, that means fewer worries about costly EV repairs. For dealers, it means a powerful selling point built on trust.

For the wider market, it’s another step towards a smoother, more sustainable future for all drivers.

Discover Warrantywise’s enhanced EV warranty options, including our standard EV plan, EV Plus upgrade, and tailored EV additions. For more information, visit https://www.warrantywise.co.uk/ev-car-warranty/.

Sources

[1] Institute for Energy Research – EVs are less reliable than conventional cars 

[2] AA Used Car Index Q1 2024 

[3] HPI reveals used EVs now cheaper than ICE vehicles in the UK 

[4] All data used is from Warrantywise’s proprietary internal research. Warrantywise believes the information contained herein to be accurate at the time of release. However, the company may upload new or updated information if required and assumes that it is not liable for the accuracy of any information interpreted and used by the reader 

[5] Cox Automotive quarterly insight