Increased Value: Electric Classics Command Premium Prices
Contrary to conventional wisdom, converting classic cars to electric can significantly increase their value. Vanarama has found that converted EV classics can be worth up to 20 times more than their original counterparts. For example, the MG MGB Roadster, with a standard cost of £5k, saw its value soar by over 2,000% post-conversion.
While the upfront costs of EV conversions can be significant, the potential for profit is undeniable. Despite the initial investment, savvy investors can capitalise on the growing demand for electric classics, especially for less valuable models like the Nissan Bluebird and Rover Mini, which have seen value jumps of 700%.