The Hyundai Ioniq 5 has been named the 2026 Used Car of the Year by Auto Express, marking a historic milestone as the first electric vehicle to win the award. This recognition highlights a significant shift in the second-hand automotive landscape as EV availability and affordability increase.
The £27,000 price drop for the Hyundai Ioniq 5
The Hyundai Ioniq 5 has transitioned from a premium new release to an accessible second-hand option. According to Auto Express, used models are now appearing for approximately £13,000, a massive reduction from the vehicle's original £40,695 price tag. This steep depreciation makes the flagship model of Hyundai's dedicated electric brand a viable entry point for budget-conscious drivers.
The Ioniq 5's ability to cover a 354-mile range allows for significant trips, such as traveling from London to Berwick-upon-Tweed on a single charge. Phil McNamara, editor-at-large of Auto Express, noted that the car's combination of design and practicality makes it "a brilliant all-rounder" for those moving to electric power. The vehicle, which debutd in 2021 and received a refresh last year, continues to impress judges with its spacious cabin and rich technology suite.
Renault Clio and Volvo XC90 lead the budget segment
The 2026 awards highlight a market that caters to various budgets and lifestyle needs. The Renault Clio secured the Best Used Small Car title, with three-year-old models priced between £11,000 and £14,000. As reported by Auto Express, the Clio remains a staple due to its low running costs and efficient hybrid options across its six generations of development.
Family-oriented buyers can look toward the Volvo XC90,which earned the Best Used Large SUV award. With used prices starting below £20,000, the seven-seater offers a luxury experience that remains relevant years after its initial launch.. The availability of diesel and plug-in hybrid versions ensures that the Volvo XC90 remains a versatile choice for both urban and rural environments.
Polestar 4's 391-mile range and mirrorless tech
The Polestar 4 represents the high-end segment of the used EV market , taking home the Best Used Premium Electric Car award. This model stands out for its technical audacity , specifically being the first UK-based car to replace traditional rearview mirrors with a camera system. The report says this design choice, combined with its audacious styling, makes it a standout for executive buyers.
Performance remains a key selling point for this premium coupe. the Polestar 4 can accelerate from 0-60mph in just 3.8 seconds and features a top-level powertrain capable of delivering 536 bhp in its most powerful edition. With a range of 391 miles, the vehicle positions itself as a high-performance flagship for those seeking second-hand value without sacrificing speed.
The unaddressed question of battery longevity in the Ioniq 5
While the awards celebrate the accessibility of EVs, several critical factors remain unexamined in the current reporting. The source does not address how the long-term health of lithium-ion batteries will impact the resale value of the Hyundai Ioniq 5 or Polestar 4 as they age. Additionally, the report focuses heavily on the benefits of these models without detailing the specific charging infrastructure challenges a second-hand EV owner might face in rural areas. Finally, it remains unclear how the rapid pace of new EV technology might further accelerate the depreciation of these already significantly discounted models.
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