Comment: second hand Electric Vehicles sales double
Colin Walker is available for further comment and interview.
By George Smeetoninfo@eciu.net
Information on this page correct as of:
Commenting on figures from the Society of Motor Manufacturers and Traders (SMMT) showing a doubling in the size of the second-hand market for Electric Vehicles , Colin Walker, Head of Transport at the Energy & Climate Intelligence Unit (ECIU) said:
“These figures demonstrate the demand that exists for electric vehicles. Over 80% of car sales take place on the second hand market and used EVs are already appearing at sticker prices that more people can afford, hence sales heading north. In the midst of a cost of living crisis, EVs can deliver real savings for their owners.
“Recent analysis by the ECIU has found that a second hand EV can save its owner over £1200 a year in fuel costs alone.  This means that the 34,021 second hand EVs bought in the last quarter will save their owners over £41m a year.
“For more people to be able to access the savings and benefits that come from EV ownership, the second hand market needs to continue to grow – and to grow, it needs more supply. This is why the introduction of the Government’s proposed Zero Emission Vehicle Mandate is critical. In requiring an increasing proportion of the vehicles sold by car manufacturers to be EVs, the pace at which new EVs arrive on the UK’s roads will increase. In turn this will increase the pace at which more EVs will become available on the second hand market”.
- Used BEV transactions double as second hand market goes green: https://media.smmt.co.uk/q3-2023-used-car-sales/
- Families’ £1,200 a year motoring saving at stake in Government EV policy: https://eciu.net/media/press-releases/2023/new-analysis-families-1-200-a-year-motoring-saving-at-stake-in-government-ev-policy
For more information or for interview requests:
George Smeeton, Head of Communications, ECIU, Tel: 07894 571 153, email: firstname.lastname@example.org