For example, a new Vauxhall e-Corsa starts from £33,930, while a used 2021 model could be snapped up for less than £17,000, with just 7,000 miles.
Similarly, a Hyundai IONIQ Premium, which starts at £43,445 brand new, could be bought for around £17,500 for a model which is only one year old.
Mr King warned that it is crucial for fleets to lead the way to mainstream electrification.
This is because most people will buy their cars second-hand, emphasising the importance of fleets in a healthy used car market.
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