Despite new car registrations in the UK dropping by nearly 16% in April 2022, the market share for electric models continues to be healthy as an increasing number of drivers are making the change to ‘electric’. EV’s made up 10.8% of new registrations in the UK in April 2022, following in this shadow is the growth of second-hand EV sales, which has been quietly growing as the popularity of electric vehicles gains ever-increasing momentum.
Whilst world affairs no doubt play into this rise, Auto Trader reported a rise of 65% in used EV advert views in Q1 alone. Ian Plummer, commercial director at Auto Trader shared
“The cost-of-living squeeze and war in Ukraine pushed far more would-be buyers towards used electric vehicles. Reflecting the huge growth in sales, our marketplace data showed 12.4m advert views for used EVs in the first quarter, a significant 65% jump in the past 12 months.”
Whilst these world affairs have had a considered effect on the growth on the second-hand EV market, city centres bringing in stricter measures on emissions and the 2030 ban on the sale of new petrol and diesel cars getting ever closer, more and more of driver are taking the plunge and switching to EVs.